Business

MRTV signs contract with five free-to-air content providers

 

Myanmar Radio and Television under the Ministry of Information signed a contract with five free-to-air content providers, in the compound of MRTV in Yangon on February 17, 

At the signing ceremony, Union Information Minister Dr Pe Myint gave an opening speech.

Five content providers are Mizzima Media Company Ltd, DVB Multimedia Group Co., Ltd, Fortune Broadcasting Co., Ltd, KMA Tele-Media Holdings Co., Ltd and My Multi Media Group Co., Ltd.

Over 54 million SIM cards sold in Myanmar

More than 54 million mobile SIM cards have been sold by three operators in Myanmar, according to official figures. 
Among the mobile operators such as Myanmar Posts and Telecommunications (MPT), Telenor and Ooredoo, MPT as a state-owned enterprise has the lion’s share in the market by having more than 27 million SIM cards sold out.
Norwegian-owned Telenor has sold more than 19 million mobile SIM cards and Qatar’s Ooredoo sold more than 8 million mobile SIM cards.

One million housing units to be developed in five years

 

The incumbent government will develop one million low, fair and high-cost apartments during its term and now has developed more than 40,000 apartments, according to an official from Urban and Housing Development Department at the Construction Ministry.

Myanmar rice export hits record high in 60 years

Myanmar's rice export this financial year has reached a record high in over 60 years, said Sai Kyaw, central executive committee member of Myanmar Rice Federation.

Currently, Myanmar exports rice to more than 50 countries and nearly 3 million tons have been exported this fiscal year. In the previous years, a maximum of 1.8 million tons of rice were exported.

Myanmar plans to loan nearly 15 billion yen from JICA for SME development

Myanmar will loan 14.949 billion yen from Japan International Cooperation Agency for the small and medium enterprise development project (phase 2), and each entrepreneur can loan up to K50 million, said Deputy Minister for Planning and Finance Maung Maung Win.

The deputy minister submitted the loan matter to a session of union parliament held in Nay Pyi Taw on February 13.

He said for the project (phase 1), 5.033 billion yen (about K61.654 billion) was borrowed from JICA. He added that additional loans were necessary to finically help Myanmar's over 60,000 SMEs.

China continues to lead FDI list

 

China continues to stand first on the list of foreign direct investments (FDI) in Myanmar, said Kyaw Tint Swe, Union Minister for the State Counsellor’s Office at a reception to mark the Chinese New Year at the dwelling of the Chinese ambassador to Myanmar on February 10. 

Myanmar hoped that China would provide constructive assistance to Myanmar. Bilateral trade and economic cooperation between the two countries had developed, he said. 

Gas production rates of Yedagon and Zawtika projects already decline

YANGON- Production rates of the Yedagon and Zawtika projects, which mainly export natural gas to Thailand, are falling, according to the Ministry of Electricity and Energy.
 
The Yedagon gas project is currently exporting 200 million cubic feet (mmcf) daily to Thailand, while the Zawtika gas project is exporting 200mmcf abroad and also produces 100mmcf for domestic use.
 
The figures represent a drop from last year’s production levels.
 

Yangon to get three fish-farming zones

 
The Fisheries Department will establish three livestock breeding zones for the production of international-standard marine products in three townships in Yangon in 2018-2019 fiscal year, said a department official.
 
The department is working to develop livestock industries in Kayan, Thonegwa and Kwanchangone townships, said Tun Win Myint, director of the Fisheries Department. Some 10,000 acres of land will be developed.

Foreign investments to be invited for the upgrade of jetties

 
Foreign investments will be sought to upgrade jetties along the coast into international-standard ports as additional capacity is needed to supplement the Yangon port, which now handles 90 per cent of sea-based goods transport.
 

Total citizen investments hit over 3.37tn kyat

 
As of the first week of February this fiscal year, the total investments made by Myanmar citizens had reached over 3.372 trillion kyat, including 95 citizen investments totalling over 3.07 trillion kyat, according to the Myanmar Investment Commission.