TODAY

Low quality C&D graded jade to be sold in local currency

An emporium showcasing grade C and D jade of low quality will be held in March in Nay Pyi Daw, said an official from Myanmar Gems and Jewellery Entrepreneurs Association.

“The jade will be sold in kyats, providing raw materials to local jade merchants. This event will be held once a year, though jade entrepreneurs asked for a biannual emporium. We will try to schedule the events as they requested. There will be no quality jade to be displayed in this event,” the official said.

Ref: GNLM, 5 January 2017.

Industrial zone to be established in Ayeyawady this year

AN industrial zone focused on enhancing agriculture and live stock products will be set up in Myaung Mya, Ayeyawady Region, according to the Myanmar Agribusiness Public Corporation Limited (MAPCO).

This industrial zone will be on 221 acres of land with an aim at producing value-added agricultural and livestock products.

Building of the zone aims at offering a reasonable price of the land rental for small and medium sized enterprises (SMEs) and agribusinesses, improving the investment and trade and carrying out the benefit of shareholders, according to MAPCO.

Stock trading at YSX hit about Ks70billion in 2016

THE value of stock trading at Yangon Stock Exchange (YSX) reached about Ks70billion in 2016 and the share price of three listed companies rose a bit on 2^nd January 2017.

The share price of First Myanmar Investment (FMI) bounced back to Ks1,400 per share from a drop to Ks13,500 on 2^nd January, whereas that of Myanmar Thilawa SEZ Holding (MTSH) also from Ks4,400 to 4,500. Myanmar Citizens Bank (MCB) share price reached up to Ks9,600 on 2^nd January 2017.

A total of 8,148 share were traded on 3^rd January with a stock trading value of Ks55,340,900. The stock trading volume is up from 5,768 shares on 2^nd January.

First Private Bank (FPB) is the fourth company to be listed on the Yangon Stock Exchange (YSX) and its stock trading, according to an announcement released by YSX.

Ref: GNLM, 4 January 2017.

Normal trade exports up by $390million, but border trade exports down by $80million

THE value of exports through normal trade as of 23^rd December is up by US$397.177million, whereas that through border trade is down by $89.791million when compared to the similar period of last fiscal year, according to Commerce Ministry statistics.

The export value through normal trade as of 23^rd December hit $4,886.635million, but border trade was $3,101.392million, it is learnt.

The external trade value as of 23^rd December in this fiscal year amounted to $19,175.444million, which is down from $19803.95million in the last fiscal year, with a total export value of $7,988.027million and an import value of $1,1187.417million. In the similar period of the last fiscal year 2015-2016, the total export value was $7,680.641million and the import value was $12,123.309million.

Ref: GNLM, 4 January 2017.

Pakistan proposes to purchase Myanmar’s rice under G to G system

PAKISTAN proposed to purchase Myanmar’s rice under the government-to-government (G-To-G) system, according to the Ministry of Commerce.

Myanmar’s rice export market will land a new destination after Pakistan and Myanmar enter into G-to-G agreement.

Myanmar exported 12,518tonnes of rice parboiled rice worth $3,626million and 32,075tonnes of broken rice worth $8.765million to Indonesia, Singapore and the countries in European Union and Africa from 10^th December to 16^th December.

Ref: GNLM, 4 January 2017.