Business

Myanmar to export rice to Sri Lanka

 

Myanmar is negotiating with Sri Lanka to export rice under a government-to-government agreement, according to the Ministry of Commerce.

“We are in discussion with China as well as Sri Lanka to export rice,” said an official from the ministry.

Myanmar parliament to Thai loan for Dawei SEZ road

The Ministry of Commerce says borrowing from Thailand to build a two-lane road that will connect the Dawei Special Economic Zone to Thailand will be discussed in parliament.

Thailand will offer a loan of 4.5 billion baht (US$136 million) for the construction of the road, and officials from both countries are now working on the project’s financial plan.

Export earnings from natural gas on the rise

Up to early September, Myanmar’s export earnings from natural gas exceeded US$1.2 billion, up nearly $7.986 million from the same period last year, according to the commerce ministry.

U Khin Maung Lwin, the ministry’s assistant permanent secretary said: “Export earnings reached $1.233 billion. Last year, they exceeded $1.226 billion. This is due to an increase in gas prices this year.”

Myanmar is producing natural gas from four gas projects. The production capacity of the Yedagon and Zawtika natural gas projects is declining.

Myanmar turns to marketable crops

Myanmar’s commerce ministry has announced plans to grow crops that can penetrate international markets.

Myanmar’s main agricultural exports at the moment are paddy, beans and pulses. Mung beans are a main export to India. However, bean exports have declined recently after India implemented some restrictions.

The ministry is discussing the new export plan with the Ministry of Agriculture, Livestock and Irrigation, along with entrepreneurs.

Export earnings from jade decline

Until early September 

34 firms opening at Thilawa

Up to 34 companies are opening in area A of Thilawa Special Economic Zone and about 60 more companies will be run at the end of this year, acco

Work starts on giant food warehouse in Thilawa

Metro Wholesale, which reportedly has over 750 wholesale centres

Yangon promised cut-price fuel

The government will import and sell liquefied p

United Amara Bank to issue 15,000 Visa cards this year

UNITED Amara Bank (UAB), one of the largest financial institutions in Myanmar, will issue more than 15,000 Visa credit cards by the end of this year, says Christopher Loh, the bank’s chief executive officer and special adviser to the chairman.

Loh announced on Tuesday the launch of UAB’s first suite of credit cards with Visa in the country. He said three types of Visa cards would be offered; Classic, Gold and Platinum, depending on an applicant’s monthly income. 

Myanmar youth pursue dream of careers in hospitality

As Myanmar strives for attracting more tourists, many youth become interested in joining international hotels for their profession.

Hnin Ei Lwin, a 20 years old girl who recently joined Hilton Nay Pyi Taw as a front office staff after completing two-year diploma at the hotel’s vocational training centre, said she had fully committed to earn her living as a professional in the hotel industry until her last breath.