Yangon City Electricity Supply Board (YESB) will have its own budget beginning April 1 as part of a government-wide process of professionalising state-owned firms.
The Myanmar Rice Federation’s second deadline of February 27 has passed for companies aiming for permission to export rice to China – but unlike in the first round, no bids were submitted, according to federation joint secretary U Soe Tun.
A publicity campaign by Yangon Supervisory Committee for Motor Vehicles to register taxis has had some effect, though there is a long way to go until the city’s estimated 55,131 taxis are registered, said committee chair U Hla Aung.
Chinshwehaw was once a bustling border town, among the most prosperous crossings in the country. Today it lies almost deserted, abandoned by Chinese business owners and migrant workers fleeing fighting between the Tatmadaw and the Myanmar National Democracy Alliance Army (MNDAA).
Over 100 companies have flagged their interest to take part in Myanmar’s first modern stock exchange, according to a senior official from the Myanmar Securities Exchange Centre.
The government does not intend to increase the amount of natural gas allocated to the domestic market this year from the current supply of 300 million cubic feet per day (mmcfd) despite increasing demand, according to an official of the Ministry of Energy.