ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Myanmar Livestock Federation (MLF) urged government to suspend importation of live pig and pork products in order to reduce losses of local pig breeders

  THE Myanmar Livestock Federation (MLF) has asked the government to temporarily restrict the importation of live pig and pork products as a preventive measure against African Swine Fever (ASF) and to reduce losses of local pig breeders. The request was made at the 31st regular meeting of entrepreneurs with the Private Sector Development Committee, led by Vice President U Myint Swe, which was held on 8 December at the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry. At the meeting, Dr Mya Han, chair of the MLF, and U Aung Soe Min Kyaw, secretary of the Myanmar Pig Breeders Association, also forwarded requests for provision of technical and financial aid to local breeders, and grant of land permits, and sought help to establish a stable market and purchase purebred GGP-GP animals. They also urged the government to strictly clamp down on illegal imports of live pig and pork products through the border gates and international airports.
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  The 31st regular meeting of Private Sector Development Committee with entrepreneurs was held in Yangon

  The 31st regular meeting of private sector development committee with entrepreneurs was held at UMFCCI in Yangon on Sunday with an opening speech by Vice President U Myint Swe. Chairman of the Private Sector Development Committee, the Vice President pointed out that the committee is endeavoring to raise the ranking of the ease of doing business indicators. It is important for the relevant ministers to lessen difficulties and obstacles for the private sector development, he stressed. The trade volume has reached 35.02 billion USD for 2018-2019 fiscal year - 2.472 billion USD in the private sector out of the 3.03 billion USD in October. Actions were taken against 1,065 illegal trade cases worth about 15 billion USD in 2019. Vice President, The Republic of the Union of Myanmar, H.E. Myint Swe said “The government has been working for private sector development since 2016 by forming 5 working committees. The Private Sector Development Committee is also carrying out Public-Private Dialogue with ministries and entrepreneurs. The committee is also making efforts for promotion of the Ease of Doing Business Ranking.”
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  Tanintharyi Region Government offered good potential investment in hotels and tourism, agriculture and livestock, fisheries, power, mining and real estate

  The Tanintharyi Region government is focusing on promoting investment in hotels and tourism, agriculture and livestock, fisheries, power, mining, and real estate to help boost its economy. This was revealed during the Region Investment Forum on December 7. The event organised by the region’s government and the Myanmar Investment Commission comes on the heels of similar events held in Kachin and Mon over the last several weeks. Tanintharyi located in the south of Myanmar bordering the Andaman Sea to the west and Thailand, to the east is famous for the many islands off its coast. Tanintharyi Chief Minister U Myint Maung said during the forum that hotels and tourism, agriculture and livestock, fisheries, power, mining, real estate, and Dawei Special Economic Zone offer good opportunities for investors both local and foreign.
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  The Media Workshop for Myanmar Capital Market workshop in order to promote public awareness through media for update information

  The Media Workshop for Myanmar Capital Market was held at the Yangon Stock Exchange (YSX) Seminar Room in Yangon on Thursday. The workshop was jointly organized by Securities and Exchange Commission of Myanmar (SECM), Yangon Stock Exchange (YSX) and Myanmar Journalism Institute (MJI) aiming to promote public awareness through media for update information. At the workshop, the definitions and procedures of Capital Market in Myanmar were presented by the officials of Securities and Exchange Commission of Myanmar.
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  The investors are mostly focusing on real estate and power generation sectors in Myanmar in months of October and November

  Real estate and power became the sectors most focused on by investors in the months of October of November, the Directorate of Investment and Company Administration (DICA) has revealed. In the first two months of the 2019-20 fiscal year that began on October 1, the Myanmar Investment Commission approved 41 investments totalling US$1.3 billion (K1.9 trillion), DICA statistics show. DICA said the figure is triple the total of US$465 million for the same period a year ago, indicating increased interest in Myanmar from foreign investors. The bulk of the investments so far this year, some US$1.2 billion, has gone into real estate and power generation.
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  Yoma bank and MC Easy Microfinance Company Limited signed a funding agreement of MMK 4.8 billion to provide financial assistance to small entrepreneurs and small business owners in Myanmar

  Yoma Bank and MC Easy Microfinance company limited (“Easy Microfinance”) signed a funding agreement of MMK 4.8 billion in support of Easy Microfinance’s funding operations in Myanmar. This new funding comes on top of the MMK 8 billion in existing ones that Easy Microfinance is receiving from Yoma Bank and it will serve an additional 16,000 borrowers, particularly micro-entrepreneurs and small business owners, who need financial assistance in seed capital for their business’ operations. Since the new legislation allowed Myanmar banks to lend to microfinance institutions (MFIs) in 2016, Yoma Bank has provided innovative funding solutions to over 11 microfinance institutions nationwide. Since the partnership between Yoma Bank and Easy Microfinance started in 2018, more than MMK 12.8 billion have been provided through Yoma Facility to Easy Microfiance’s borrowers through its 21 branches across Yangon, Naypyidaw, Sagaing, Magway, Mon, Kayin and Ayeyarwaddy regions.
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  The Industrial sector is improving despite Myanmar’s economy is slowing down in various sectors

  Aye Thaung, Chairman of Shwelinban Industrial Zone, told the media that although it is somewhat right to say that Myanmar's economy is slowing down in various sectors, the industrial sector is improving. The chairman made the comment during a ceremony to select a new executive committee of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). "It is somewhat right to say our economy is declining across various sectors. But, the industrial sector is improving. Investors come as they trust in opportunities in Myanmar. Even if new investment does not come, the existing businesses are improving with additional investment," said Aye Thaung.
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  Sino – Myanmar border trade increased USD $ 332.6 million between 1 October and 22 November in the current fiscal year

  Sino-Myanmar border trade registered an increase of US$332.6 million between 1 October and 22 November in the current fiscal year, according to the Ministry of Commerce. Data from the Ministry of Commerce shows the value of the Sino-Myanmar border trade touched $926 million in the current fiscal from $593.47 million recorded in the year-ago period. This FY, border trade values totaled $765.737 million at Muse, $11.28 million at Lweje, $96 million at Chinshwehaw, $251.4 million at Kanpiketee, and $1.6 million at Kengtung. The Ministry of Commerce, the concerned government departments, and the Union of Myanmar Federation of Chambers of Commerce and Industry have been negotiating with their Chinese counterparts to lower trade barriers and offer relief to Myanmar traders using the border trade channel. The two countries are making efforts to set up more border economic cooperation zones and promote border trade.
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  Directorate of Investment and Company Administration (DICA) implemented its online payments for the registration of companies at Myanmar Companies Online (MyCO) website

  The Directorate of Investment and Company Administration (DICA) has announced that it is now able to accept online payments for the registration of companies at its Myanmar Companies Online (MyCO) website. DICA previously accepted cash payment for company registration at its headquarters and branches offices for the convenience of people who did not have credit cards. DICA says the ability to accept payments online from people who have credit cards effective this month is part of its efforts to make MyCO a fully online system. The registration of companies through MyCO was launched on August 1, 2018, to simplify the setting up of businesses in the country.
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  The local company, Sea Lion Group proposed to build an eco-resort project along Ma Kyay Ngu Beach near Gwa township, Rakhine State

  Local company Sea Lion Group has announced its intention to build an eco-resort at a site located along Ma Kyay Ngu Beach, near Gwa Township, Rakhine State. The company is proposing to build a hotel, shopping centre, and organic farm on a 20 hectare site across the Gwa River from Gwa Township. The project, which will be the first of its kind in Gwa, will include swimming pools, an 80-room hotel, arrival jetty, and areas specifically for shallow swimming, water sports, and children. Upon receiving approval for the project, construction will begin in phases. According the proposal, the company will invest K7.5 billion (US$4.9 million) in the project which is expected to support economic and social development in the area.