Business

Falling Chinese demand sours sugar market

 

Investment bosses target 10 areas

 

China owns 44% of external debt: MP

 

Loan contracts with China should be reviewed and debt relief negotiated to cut the burden on the economy, according to Khin San Hlaing, MP for Pale.

Medium-term debt management strategy was being discussed at Parliament.

Merchants seek new bean markets

Merchants gathered at a recent meeting said Myanmar bean exports are too reliant on the Indian market and that new markets must be identified.

Ohn Sine, a bean merchant and deputy chairman of the Federation of Chambers of Commerce and Industry, said: “We grow many types of beans. We have exported them mainly to India for many years. I think that if we continue to rely on a single market, the domestic bean industry will collapse in the long run.”

Qatar Airways named as world’s best airline for fourth time

Qatar Airways, the national carrier of the State of Qatar, recently won the Airline of the Year by 2017 Skytrax World Airline Awards held at the Paris Air Show, for the fourth time, according to Akbar Al Baker, the airline’s group chief executive.

“It is a significant testimony of our passengers’ belief and trust. This award is also a reflection of the hard work and dedication of every employee at Qatar Airways. Our recognition at Skytrax this year is especially important as these awards are voted by travellers,” he said.

SECM to tie up deal with Thai securities regulator

Myanmar will sign the first memorandum of understanding (MoU) on securities exchange cooperation with Thailand's Securities and Exchange Commission, seeking the neighbour's knowledge and expertise in capital market development.

According to Htay Chun, commissioner of the Securities and Exchange Commission of Myanmar, the MoU which has taken over a year in negotiation should be signed within three months.

IFC urges Myanmar to improve information disclosure for fundraising

AS MYANMAR encourages public companies to list on the Yangon Stock Exchange (YSX), the International Finance Corporation is helping the government educate companies about the importance of transparency and disclosure standards in company reporting, according to an IFC executive.

Luis Mariano Enriquez Mejia, senior corporate governance officer at IFC, said that information disclosure is “key” to attract foreign direct investment which would drive the nation to move forward.

China unblocks over 300 bank accounts

China has unfrozen over 300 bank accounts, containing about Ks200 billion 

Value-added gold to encourage exports

Minister of Planning and Finance Kyaw Win says jewellery and gold products are going to be promoted as value added in order to encourage exports. 

Export earnings approach $2.5bn