Govt urged to coordinate with Saudi Arabia for normal trade in marine export

Myanmar Marine Producers and Exporter Association has urged the government to negotiate with the Saudi government in allowing normal trade as Saudi Arabia has issued a statement announcing the suspension of import of Myanmar's fish and prawn effective from April 1, according to the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry.

The demand was made by association secretary Myo Nyunt during the 15th regular meeting between Vice President Myint Swe and local businessmen.

Buildings under construction still operate: Ygn Mayor

YANGON- The buildings under construction weren’t suspended, Yangon Mayor Maung Maung Soe yesterday said at the Second Parliamentary Meeting of Yangon Region hled on March 6th.
MP Hla Thein from Tamwe Constituency said that he wanted to know whether there was a plan to allow under construction buildings which were suspended or not.

President’s Honourary Award and certificates of honour presented to highest taxpayers

A ceremony to present the President’s Honourary Award and certificates of honour to those who made highest tax payment on income tax and commercial tax for Assessment Year 2016-2017 was held at the guest hall of Presidential Palace in Nay Pyi Taw on March 6, attended by President Htin Kyaw.

Construction Ministry, Chinese company sign MoU on feasibility study for two projects

The Ministry of Construction and China Harbour Engineering Co Ltd have signed a memorandum of understanding on feasibility study to implement projects of Mandalay-Htigyait-Muse expressway and Kyaukphyu-Nay Pyi Taw highway, according to sources from the Ministry of Information.

The MoU signing ceremony took place at the Construction Ministry in Nay Pyi Taw on March 6.

Myanmar poised to push for digital economy with corporates’ aid


Daily minimum wage set at K4,800

The National Committee on Fixing the Daily Minimum Wage yesterday decided to set the daily minimum wage at K4,800, said Thein Swe, Union Minister for Labour, Immigration and Population.

Three-quarters of local workers in Thilawa SEZ have just basic education


About 80 per cent of workers in factories and plants in the Thilawa Special Economic Zone are residents from Thanlyin and Kyauktan Township, said U Set Aung, chair of the Thilawa Special Economic Zone Management Committee.

“Whenever I meet with locals, they tell me they apply for security posts only as they were not well-educated. But there were many job opportunities for the people from all stratas when the Thilawa SEZ started its operations,” he said.

Only 40 factories approved for commercial operations in Thilawa SEZ

Some 40 factories can carry out commercial operations in Thilawa Special Economic Zone, said Set Aung, chair of the Thilawa Special Economic Zone Management Committee.

February sees record drop in YSX trading

Trading at the Yangon Stock Exchange (YSX) experienced a record-breaking drop of over 740 million kyat in February – the lowest since the exchange launched in March, 2016.
There are now five listed companies in the stock market after TMH Telecom Public Company was listed on January 26.

Mobile players step up 5G efforts