Hitachi Solutions is planning to have an electronic data interchange (EDI) system for Myanmar’s ports up and running by early 2017, Kaichiro Sakuma, the firm’s chief executive officer, said yesterday.
Farmers are defying customs laws by using smuggled fertiliser and insecticide to save money, dealers say. The biggest users are those with the most acreage to cover.
The government has asked international companies to submit expressions of interest to form a joint venture with a local consortium and receive the country’s fourth operator licence.
Sales at this year’s gems and jade emporium were more than one-third down on last year, organisers say. They attribute the shortfall – amounting to K40 billion (US$30.86 million) – to the absence of Chinese buyers and the poor quality of the stones.
A subsidiary of Thailand’s state owned PTT Exploration and Production (PTTEP) has sold a 10 percent holding in another Myanmar onshore block, as international oil prices touch as near-seven-year low, the company said yesterday.
Preparations are underway for the first companies to attempt a listing on the Yangon Stock Exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced.