TODAY

180,000 tonnes of rice to go foreign markets via sea in early months of 2017

ABOUT 180,000 tonnes of Myanmar’s rice will be sold to foreign buyers through normal trade within the first three months of this year, according to the Ministry of Commerce.

During this financial year, the country exported more than 120,000 tonnes of rice to its trade partners via sea routes while over 470,000 tonnes of rice went to neighbours through border trade camps.

Ref: GNLM, 7 December 2016

MAPCO to develop Mandalay Development Bank this year

MYANMAR Agribusiness Public Corporation (MAPCO) plans to establish a new public bank called Mandalay Development Bank this year, its spokesperson said.

The corporation already demanded granting of land for the project from the Mandalay Region government.

MAPCO will start running the new Bank with capital of Ks20billion, planning to invite shareholders of the members of the corporation to invest in the new business.

Share of the new banking business will be sold to public.

Ref: GNLM, 7 December 2016

Myanmar citizen investment reaches over Ks12,366billions as of last December

THE amount of Myanmar citizen investment of permitted enterprises as of last December reached Ks12,366.630billion in total, according to the Directorate of Investment and Company Administration.

About 18.96 per cent of total civilian investment came from the manufacturing came from the manufacturing sector, followed by the transport sector with 18.08 per cent, real estate development with 17.90 per cent, hotel and tourism with 10.93 per cent, construction with 7.63 per cent, industrial estate with 4.65 per cent, power with 3.69 per cent, mining 1.12 per cent, livestock and fisheries with 0.54 per cent, agriculture with 0.41 per cent and others with 16.09 per cent.

Ref: GNLM, 9 December 2016

Import value declines by $800million over past nine months

THE total import value over the past nine months of this fiscal year hit over US$11.5billion, a decrease of more than $800million compared with the same time last year, according to the Commerce Ministry.

From 1^st April to 30^th December of last year, the country imported $4.646billion worth capital goods, $4.074 worth of industrial raw materials and $2.806billion worth of personal goods.

The government sector bought capital goods, raw materials and personal goods that amounted to $363.319million from international trade partners while the private sector imported $11.13billion worth of products.

The import value over the first nine months of last fiscal year totaled $12.368billion, including $2.053billion from the government sector and $10.314billion from the private sector.

Ref: GNLM, 9 December 2016