Day: July 1, 2019

Yangon Region in talks with Yunnan, Shanghai to boost fishery exports

Yangon Region in talks with Yunnan, Shanghai to boost fishery exports

Negotiations are underway between the Yangon Region Government and the provincial governments of Yunnan and Shanghai for promoting fishery exports to China, said Chief Minister U Phyo Min Thein. “We are discussing improving fish farming and the fishery production sector with the Yunnan provincial government. We are also discussing the matter with the Shanghai provincial government. […]

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International standard Myanmar Aquarium targeted to open in 2020 in Yangon

International standard Myanmar Aquarium targeted to open in 2020 in Yangon

U Tin Maung Tun of Mottama Development Company, which is implementing the aquarium project, said that Myanmar first international standard aquarium is underway to be opened in 2020. This aquarium is built on the 5 acres of compound of Kandawgyi Park by Mayanmar Aqurium Co.ltd with the permission of Yangon Regional Government. The project was started […]

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Green peas, chick peas to be temporarily imported

Green peas, chick peas to be temporarily imported

Green peas and chick peas, which cannot be grown to meet the local demand, are to be temporarily imported from other countries, according to Dr Than Myint, the Union Minister for Commerce. He made this statement at the 28th regular meeting held on 29 June at the Office of The Union of Myanmar Federation of Chambers […]

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Bond market to deepen with higher fiscal deficit, growth levels expected

Bond market to deepen with higher fiscal deficit, growth levels expected

Myanmar is expecting to be K7 billion short of state funds to support development in fiscal 2019-20, a projected fiscal deficit of 5.9 percent GDP compared to the 5.4pc budgeted for the current year. Meanwhile, financing sources for the fiscal deficit have also become more diversified. The share of Central Bank financing has declined from a high […]

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First commercial solar power plant launched in Myanmar

First commercial solar power plant launched in Myanmar

State Counsellor Daw Aung San Suu Kyi last week launched the first phase of Myanmar’s first commercial solar-power plant in Minbu, Magwe Region, adding 40MW of power to the national grid. The Minbu Solar Power Plant project, which will be completed in four phases, will have the capacity to generate 170MW of power and produce 350 […]

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Vietnamese Technology Corporation, Bkav launches new smartphone in Myanmar

Vietnamese Technology Corporation, Bkav launches new smartphone in Myanmar

Bkav, the Vietnamese handset maker, will launch its new Bphone3, which is one of the most technologically advanced smartphones in the market, in Myanmar this week. The company will partner with Vietnamese telecommunications operator Mytel, to bring the Bphone to Myanmar. The Bphone 3 will be available for purchase in nearly 100 Mytel stores nationwide starting […]

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