Friday, August 18, 2017

Investment Promotion and Protection Agreement with Singapore under way

Negotiations over an agreement on investment promotion and protection between Myanmar and Singapore have started, according to Directorate of Investment and Company Administration (DICA) Director General U Aung Naing Oo.

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Ten-day jade show yields €240 million in sales so far

Over 3,400 lots of jade have been sold for a total of €240 million in the first four days of the 54th Gem Emporium in Nay Pyi Taw, Jade Business Community secretary U Min Thu said.

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4.8 million housing units required by 2040

The government’s national policy on housing will take into account the country’s urbanisation and urban migration.

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Betel leaf market to thrive for a year on high price

Market prices of betel leaf are looking robust for the whole year, said betel leaf farmers from Shwe Ku Te Su village, Khin U township, Sagaing Region, on August 5.

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Yangon receives mobile power generator by GE

Yangon will deploy a new K30 billion (US$22 million) 25-megawatt mobile generator to meet the city’s electricity demand during peak periods and emergencies.

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More FDI essential for substantial increase in garment exports

Foreign direct investments (FDI) in labour-intensive activities such as garment exports should be actively promoted from China and elsewhere in order to facilitate Myanmar’s economic transformation, according to the latest briefing paper published by a UK-based think tank.

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Why agriculture is ailing and how best to revive the sector

Agriculture forms the backbone of the Myanmar economy.

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Three MOI-owned factories in Yangon to cooperate with private sector

Three factories under the Ministry of Industry (MOI) in the Yangon Region will cooperate with local and international private investors after inviting Expressions of Interest (EOI), Assistant Secretary U Aung Soe Ya of the MOI told The Myanmar Times.

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Gas discovered at Block A-6 offshore well in Southern Rakhine

Gas has been discovered at a deep water exploration well in Block A-6 of the Southern Rakhine Basin in the Bay of Bengal, according to government officials and statements made by operators of the block. Gas was tested to be flowing at 50 million cubic feet per day.

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Demand for new residential communities in Yangon rises

Affulent families continue to opt for detached villas either as standalone or in gated residential communities as Yangon’s central neighbourhoods are becoming congested, according to an international real estate services firm. However, supply remains limited.

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