Wednesday, July 26, 2017

Gold traders mull over plans to set up gold exchange

GOLD traders from across the country debated how the industry should set up a gold exchange in a meeting held in Yangon last week.

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Mandalay likely to hit US$600 million FDI target for 2017-18

The Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed.

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Why the Myanmar economy is slowing, and how it could bounce back

Economic growth in Myanmar has slowed and the country’s fiscal and current account deficits have swelled over the past 2 years under the National League for Democracy government.

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Over 1,000 SMEs to receive loans

The government has recommended over 1,000 domestic small and medium-sized enterprises (SMEs) to receive loans from banks, according to the Central Department of Small and Medium Enterprises Development (CDSMED).

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Ministry to lift ban on livestock export

The government has signalled its latest measure to boost the country’s agriculture and husbandry industries by offering loans to farms and lifting the ban on livestock export, according to the Ministry of Planning and Finance.

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Myanmar raises the bar

The country is opening up its economy to foreign investors. To do so, it is introducing the Myanmar Companies Bill, extending credit and lifting bans to raise confidence in its economy.

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Myanmar to raise rank on World Bank index in 3 years

Myanmar will aim to increase its ranking on the World Bank’s ease of doing business index from 170 currently to less than 100 within the next 3 years, Vice President U Myint Swe said on July 20. 

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Authorities question trade surplus at Htee Khee border gate

Exports rose at the Htee Khee border gate between the Myanmar and Thai crossing in 2016-17 and appear to be exceeding imports in 2017-18, data released by border trade office showed.

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Garment factory installs rooftop solar PV to fend off rising electricity cost

A garment business in Myanmar installed a solar photovoltaic system in a bid to reduce consumption of grid-based electricity, as electricity prices are expected to increase further in the coming years.

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Deep-sea port needed for delta region to boost logistics

Developing a deep-sea port at the delta region, reforming the customs valuation process and increasing customs’ operating hours are policy recommendations endorsed by an advocacy group.

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