ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  China Myanmar trade booming

  Myanmar-China Trade and Investment Cooperation Forum in Yangon on October 22. According to Yang Xiuping, secretary general of the Asean-China centre, operations worth US$12.2 billion have been completed out of the projected US$18.5 billion.
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  EU-Myanmar trade grows despite restrictions

  The Ministry of Commerce has reported that within six months of the 2015-16 fiscal year, around US$325 million worth of trade occurred between Myanmar and the European Union (EU). Up until September, imports from the EU reached US$185 million while exports to the EU were US$143 million.
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  Asia Green Development Bank is preparing to launch an Initial Public Offering (IPO), on the soon-to-open Yangon Stock Exchange (YSX), though profits are down substantially on last year

  Asia Green Development Bank is preparing to launch an initial public offering, or IPO, on the soon-to-open Yangon Stock Exchange (YSX), though profits are down substantially on last year. The bank’s net profit was K112.6 million for the 2014-15 fiscal year, far lower than K9.6 billion the previous year, officials said at the fifth annual meeting on October 24. Chair U Than Ye said that as competition in the industry had increased, banks had raised deposit rates and reduced remittance charges.
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  Live cattle top Myawaddy export list

  OF the nearly 40 billion baht (US$1.1 billion) worth of trade that passed through the Mae Sot and Myawaddy border posts last fiscal year, about 90 percent, or 36 billion baht worth, represents exports from Thailand to Myanmar, according to Thai statistics. The Thai fiscal year runs from October 1 to September 30.
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  Forex licences revoked, but gov't offers grace period

  The kyat has lately been struggling with a crisis of legitimacy. As businesses began to move away en masse from the kyat for the more stable dollar, the Central Bank of Myanmar (CBM) in mid-October made good on earlier threats and revoked the foreign exchange acceptor and holder licences for a variety of businesses, which allowed them to do business in dollars inside Myanmar. However, the lasting implications of this move have so far remained unclear, as a later statement seemed to give a grace period not present in previous documents.
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  Myanmar seeking new markets to export bamboo, rattan, and other forestry products

  Myanmar is seeking new markets to export bamboo, rattan, and other forestry products to new markets, according to the Myanmar Bamboo and Rattan Association. The association aims to export to New Zealand, Canada, Korea, South Africa, Argentina and Colombia, U Kyaw Thu, chairman of the association, told Myanmar Business Today.
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  Thai-Myanmar joint-venture (JV) (between Thai broker KT ZMICO and Myanmar's KTZ Ruby Hill Securities) receives broker licence for the Yangon Stock Exchange

  New York-based broker Auerbach Grayson & Company announced on October 20 that its Thai subsidiary KT ZMICO and local partner KTZ Ruby Hill Securities were one of four foreign brokers to receive a broker licence for the exchange, which isscheduled to open in early December.
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  New Yangon-Naypyitaw rail route to be operated with newer air-conditioned trains this year :Myanma Railways

  Tests have started to operate newer air-conditioned trains along the Yangon-Naypyitaw route, according to an announcement from the Transport Department of Myanma Railways (Lower Myanmar). Myanma Railways said it aims to start using the air-conditioned carriages, which have been ordered from Japan, on the route this year.
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  Hoang AnhGia Lai (HAGL) to open Myanmar Plaza, part of its USD 440 million property venture, Myanmar Centre, in early December

  Touting Myanmar Plaza as the “first international retail experience in Yangon”, HAGL said the facility will feature a range of international and local retailers and lifestyle outlets, while housing the largest food court in the country. Australian coffee chain Gloria Jean’s Coffee will also have a branch there, it added.
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  Southeast Asia's largest 220 megawatt (MW) solar project to be constructed in Minbu in Magway Region of Myanmar

  Myanmar is to host a series of flagship solar projects, following a number of contract awards in recent weeks, industry websitebusinessgreen.com reported on 13 October.