Tin Mg Oo/Myanmar Business Today The Ministry of Natural Resources and Environmental Conservation has put on hold the application of Thai-owned company Myanmar Pongpipat to renew its license to operate Heinda Tin Mine in Tanintharyi Region, citing the company’s failure to prevent environmental damages. The Ministry will be closely monitoring...
Zin Thu Tun/Myanmar Business Today South Korea’s Posco International Corp. recently signed a front-end engineering design (FEED) contract with U.S. energy firm McDermott for the third-stage project of the Shwe gas field development. The agreement covers increasing production at Shwe and Shwe Phyu gas fields in A-1 block and Mya field...
Myo Sandar/Myanmar Business Today Myanmar’s foreign trade exceeded $3.1 billion in the first month of the 2020 fiscal year, an increase of $417 million over the same period last year, according to Ministry of Commerce data. The country exported over $1.5 billion worth of goods and imported $1.6 billion worth of...
Vol 7 Issue 43 By Zin Thu Tun /Myanmar Business Today Myanmar Microfinance Association (MFA), with support from the Ministry of Planning and Finance, will organize the first microfinance forum at Park Royal, Naypyidaw, on November 5. More than 200 people are expected to attend the inaugural forum. The attendees will include...
vol 7 , Issue 43 Tin Mg Oo & Ei Thandar Tun/Myanmar Business Today In recent years Myanmar stood unchanged at 171 for the World Bank’s Ease of Doing Business ranking. However, the country was recently listed in the top 20 most improved in Ease of Doing Business along with Azerbaijan, Bahrain, Bangladesh, China, Djibouti,...
by Karen Weise The New York Times https://www.nytimes.com/2019/10/23/technology/microsoft-earnings-cloud.html SEATTLE — Microsoft doesn’t have an iPhone. It isn’t the Everything Store. It isn’t a verb for “search.” But it sure is good at making money. The company reported earnings Wednesday afternoon, and results show that it continued to reel in huge profits. Sales for the latest quarter...
Aishwarya Venugopal & Hilary Russ (Reuters) reuters McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%. Rival fast-food chains in...
By Tin Maung Oo / Myanmar Business Today With the aim of promoting cleanliness and hygiene among restaurants, Yangon City Development Committee will provide hygiene certificates for restaurants in Yangon, according to U Maung Maung Soe, Mayor of Yangon. “We are planning to provide food safety awareness training, the training will be led...
Zin Thu Tun/Myanmar Business Today U Thant Sin Lwin, Deputy Director General of Directorate of Investment and Company Administration, stated that Myanmar is likely to meet the Foreign Direct Investment (FDI) expectation of $5.8 billion for Fiscal Year 2019. However, the country’s total FDI for FY 2019 is still over one billion dollars short...
By Zin Thu Tun/ Myanmar Business Today Massive steel imports, both legally and illegally, have claimed a huge part of the domestic steel market. This is leaving local steel production companies with the remaining small market share and profit margins, making them unable to further expand business, according to local steel producers. Myanmar consumes around...