Nyar khar sa
Director :
Type : Comedy
Actor : Myint Myat,
Actress : Aye Myat Thu,
Thursday, August 31, 2017
Na pin puu tot yuu p
Na pin puu tot yuu p
Director :
Type : Comedy
Actor : Nay Toe,
Actress : Thet Mon Myint,
Po pee chit mae ma net pyan
Po pee chit mae ma net pyan
Director :
Type : Comedy
Actor : Kyaw Ye Aung,
Actress : Soe Myat Thu Zar,
Wednesday, August 30, 2017
Ga day shitsal thu ba yar zar
Ga day shitsal thu ba yar zar
Director :
Type : Drama
Actor : Kaung Pyae,
Actress : ,
Tuesday, August 29, 2017
Ma net pyan tine lwan par ya say
Ma net pyan tine lwan par ya say
Director : Zaw Myo
Type : Drama
Actor : Hein Wai Yan,
Actress : Soe Pyae Thazin,
Win kwint pyu par
Win kwint pyu par
Director :
Type : Drama
Actor : Min Thway,
Actress : Yu Thandar Tin,
San chain thit
San chain thit
Director :
Type : Comedy
Actor : Lu Min, Myint Myat,
Actress : Ei Chaw Po, Yu Thandar Tin,
Friday, August 25, 2017
Ma shi ma pyit shi ma pyit ba thit
Ma shi ma pyit shi ma pyit ba thit
Director : Ko Zaw
Type : Drama
Actor : Pyay Ti oo,
Actress : Soe Myat Nan Dar,
Thway yint a mone
Thway yint a mone
Director :
Type : Drama
Actor : Kaung Pyae, Kyaw Ye Aung,
Actress : Chit Thu Wai,
Khat thee lay
Khat thee lay
Director :
Type : Comedy
Actor : Pyay Ti oo,
Actress : Moe Yu San, Thinzar Wint Kyaw,
Yin khone than ko ma nyar kyay
Yin khone than ko ma nyar kyay
Director :
Type : Drama
Actor : Nay Toe,
Actress : Soe Myat Thu Zar,
Yal than ma twat tae myat yay sat
Yal than ma twat tae myat yay sat
Director :
Type : Drama
Actor : Myint Myat,
Actress : Phway Phway,
Thursday, August 24, 2017
Ah thae ta chan ywal kyay
Ah thae ta chan ywal kyay
Director :
Type : Drama
Actor : Min Maw Kunn,
Actress : Athin Cho Swe,
Nouk ma pyit say ya buu
Nouk ma pyit say ya buu
Director :
Type : Comedy
Actor : Nay Dwe,
Actress : Su Eaint San,
Thu note khan ka htwat tae sa gar
Thu note khan ka htwat tae sa gar
Director :
Type : Drama
Actor : Kaung Pyae,
Actress : Su Eaint San,
Myint mo toe ei gone thake khar
Myint mo toe ei gone thake khar
Director :
Type : Drama
Actor : Nyi Htut Khaung,
Actress : Khaing Thin Kyi, Su Eaint San,
Doe ywar htae ka ma gyi koe pin
Doe ywar htae ka ma gyi koe pin
Director : Ko Zaw
Type : Comedy
Actor : Khin Hlaing,
Actress : ,
Tuesday, August 15, 2017
Yangon Region Chief Minister vowed to enhance fishery sector
Yangon Region will emphasize the development of fishery sector with a view to increase Gross Domestic Product (GDP) growth rate, stressed Chief Minister U Phyo Min Thein.
The Region government will commence its measurement activities in the end of this rainy season. Fish farming is likely to help grow GDP rate in a short time.
In addition to upgrading of fish farming ponds, cold storages and fish processing factories will also be upgraded. Fish farming sector has a potential to improve GDP growth rate and so, we will carry out this as soon as possible, he continued.
Currently, Myanmar’s GDP growth rate is 5.90 per cent, according to the Central Bank of Myanmar (CBM).
Upgrading of factories and cold storages for fishery sector will create more job opportunities for local residents and Myanmar working abroad who are engaged in fishery industry when they come back to homeland, said U Phyo Min Thein.
In a bid to carry out those projects, the Region government will cooperate with the related ministries, Myanmar Fishery Federation (MFF), local and foreign entrepreneurs.
Projecting to enhance fishery sector, MFF has requested to the Region government to systematically
implement marine breeding zone, hatcheries, foodstuff processing factories and laboratories.
Last financial year 2016-2017 earned around US$600 million from marine export. The fishery sector as of 4 August this FY fetched about $180 million, according to the Commerce Ministry.
The Region government will commence its measurement activities in the end of this rainy season. Fish farming is likely to help grow GDP rate in a short time.
In addition to upgrading of fish farming ponds, cold storages and fish processing factories will also be upgraded. Fish farming sector has a potential to improve GDP growth rate and so, we will carry out this as soon as possible, he continued.
Currently, Myanmar’s GDP growth rate is 5.90 per cent, according to the Central Bank of Myanmar (CBM).
Upgrading of factories and cold storages for fishery sector will create more job opportunities for local residents and Myanmar working abroad who are engaged in fishery industry when they come back to homeland, said U Phyo Min Thein.
In a bid to carry out those projects, the Region government will cooperate with the related ministries, Myanmar Fishery Federation (MFF), local and foreign entrepreneurs.
Projecting to enhance fishery sector, MFF has requested to the Region government to systematically
implement marine breeding zone, hatcheries, foodstuff processing factories and laboratories.
Last financial year 2016-2017 earned around US$600 million from marine export. The fishery sector as of 4 August this FY fetched about $180 million, according to the Commerce Ministry.
Ko Moe
Rice export by sea increased by over 7,000 tons
THE export of rice between Myanmar and international trade partners by sea increased to 23,443 tons in the last week of July, with 7,000 more than that of previous week before 23 July, the Commerce Ministry reported.
Between 23 and 29 July, the country sold white rice and parboiled rice to Singapore, Bangladesh, Sri Lanka, Russia, Hong Kong, South Africa, Afghanistan and European members as well as western countries, earning US$6.809 million from the export of rice.
The majority of rice has been exported to Bangladesh in the last week of July.
According to the ministry’s statistics, the country also exported 7,128 tons of broken rice to partner countries, comprising 153 tons to Malaysia, 250 tons to Sri Lanka, 25 tons to Singapore, 500 tons to South Africa and over 6,000 tons to European countries.
China and Bangladesh imported more than 25,000 tons of rice from Myanmar through border trade camps in the same week, decreasing 2,765 tons when compared with the week before 22 July.
In the third week of July, the two countries imported nearly 27,850 tons of rice from Muse (105-mile) trade zone, Sittway and Maungtaw border stations.
The country received $0.688 million from the export of broken rice weighing 2,705 tons, including 2,096 tons from Muse, 589 tons from Lwejel and 20 tons from Chinshwehaw.
The exports of broken rice from borders in the fourth week of July was 585 tons less than that of the previous week.
Between 23 and 29 July, the country sold white rice and parboiled rice to Singapore, Bangladesh, Sri Lanka, Russia, Hong Kong, South Africa, Afghanistan and European members as well as western countries, earning US$6.809 million from the export of rice.
The majority of rice has been exported to Bangladesh in the last week of July.
According to the ministry’s statistics, the country also exported 7,128 tons of broken rice to partner countries, comprising 153 tons to Malaysia, 250 tons to Sri Lanka, 25 tons to Singapore, 500 tons to South Africa and over 6,000 tons to European countries.
China and Bangladesh imported more than 25,000 tons of rice from Myanmar through border trade camps in the same week, decreasing 2,765 tons when compared with the week before 22 July.
In the third week of July, the two countries imported nearly 27,850 tons of rice from Muse (105-mile) trade zone, Sittway and Maungtaw border stations.
The country received $0.688 million from the export of broken rice weighing 2,705 tons, including 2,096 tons from Muse, 589 tons from Lwejel and 20 tons from Chinshwehaw.
The exports of broken rice from borders in the fourth week of July was 585 tons less than that of the previous week.
Shwe Khine
Friday, August 11, 2017
Jewelers urge government to cut taxes for gemstones trade
Jewelry dealers are urging the government to remove jade and other gemstones from Myanmar’s list of special commodities, according to a report of yesterday’s edition of Myawady Daily newspaper.
Reducing tax rates for precious minerals would reduce smuggling and illict trade, which currently amounts to billions of untaxed dollars every year, said U Myint Han, the vice chairman of Myanmar Gems and Jewelry Entrepreneurs Association told to Myawady Daily.
According to Union Tax Law enacted on 25 Jan 2016, jade and jewelry are among 16 items taxed as special goods. Jewelry entrepreneurs pay special commodities taxes, gemstone taxes, commercial taxes and service taxes to the Myanmar Gems Enterprise association.
The special commodities rate for gems was previously reduced by five per cent, but merchants complain their taxes are still too high.
Reducing tax rates for precious minerals would reduce smuggling and illict trade, which currently amounts to billions of untaxed dollars every year, said U Myint Han, the vice chairman of Myanmar Gems and Jewelry Entrepreneurs Association told to Myawady Daily.
According to Union Tax Law enacted on 25 Jan 2016, jade and jewelry are among 16 items taxed as special goods. Jewelry entrepreneurs pay special commodities taxes, gemstone taxes, commercial taxes and service taxes to the Myanmar Gems Enterprise association.
The special commodities rate for gems was previously reduced by five per cent, but merchants complain their taxes are still too high.
Myanmar exports 25 tonnes of garlic to India, Bangladesh
MYANMAR exported more than 21 tonnes of garlic worth US$5,629 to neighbouring Bangladesh via the Maungtaw border trade camp between 8 and 14 July, according to a report of the Ministry of Commerce released yesterday.
During the same period, the country also sent $4,431 worth of garlic weighing three tonnes to India, the second-largest neighbouring country, through the Tamu border entry point.
According to the ministry’s statistics, the country earned more than $60,000 from the export of 137 tonnes of onion to other neighbours within the same period — 113 tonnes of onions to China, one of Myanmar’s largest trade partners, from Muse 105-mile trade zone and another 24 tonnes to Thailand from the Myawady border gate.
The kitchen crops are predominantly cultivated in Shan State and Salin, Pwintphyu, Yenangyaung and Pakokku towns in Magway Region.
A domestic merchants said it is predicted that the prices of onion will continue to increase until the new harvest.
During the same period, the country also sent $4,431 worth of garlic weighing three tonnes to India, the second-largest neighbouring country, through the Tamu border entry point.
According to the ministry’s statistics, the country earned more than $60,000 from the export of 137 tonnes of onion to other neighbours within the same period — 113 tonnes of onions to China, one of Myanmar’s largest trade partners, from Muse 105-mile trade zone and another 24 tonnes to Thailand from the Myawady border gate.
The kitchen crops are predominantly cultivated in Shan State and Salin, Pwintphyu, Yenangyaung and Pakokku towns in Magway Region.
A domestic merchants said it is predicted that the prices of onion will continue to increase until the new harvest.
Swe Nyein
Rice export by sea increased by over 7,000 tons
THE export of rice between Myanmar and international trade partners by sea increased to 23,443 tons in the last week of July, with 7,000 more than that of previous week before 23 July, the Commerce Ministry reported.
Between 23 and 29 July, the country sold white rice and parboiled rice to Singapore, Bangladesh, Sri Lanka, Russia, Hong Kong, South Africa, Afghanistan and European members as well as western countries, earning US$6.809 million from the export of rice.
The majority of rice has been exported to Bangladesh in the last week of July.
According to the ministry’s statistics, the country also exported 7,128 tons of broken rice to partner countries, comprising 153 tons to Malaysia, 250 tons to Sri Lanka, 25 tons to Singapore, 500 tons to South Africa and over 6,000 tons to European countries.
China and Bangladesh imported more than 25,000 tons of rice from Myanmar through border trade camps in the same week, decreasing 2,765 tons when compared with the week before 22 July.
In the third week of July, the two countries imported nearly 27,850 tons of rice from Muse (105-mile) trade zone, Sittway and Maungtaw border stations.
The country received $0.688 million from the export of broken rice weighing 2,705 tons, including 2,096 tons from Muse, 589 tons from Lwejel and 20 tons from Chinshwehaw.
The exports of broken rice from borders in the fourth week of July was 585 tons less than that of the previous week.
Between 23 and 29 July, the country sold white rice and parboiled rice to Singapore, Bangladesh, Sri Lanka, Russia, Hong Kong, South Africa, Afghanistan and European members as well as western countries, earning US$6.809 million from the export of rice.
The majority of rice has been exported to Bangladesh in the last week of July.
According to the ministry’s statistics, the country also exported 7,128 tons of broken rice to partner countries, comprising 153 tons to Malaysia, 250 tons to Sri Lanka, 25 tons to Singapore, 500 tons to South Africa and over 6,000 tons to European countries.
China and Bangladesh imported more than 25,000 tons of rice from Myanmar through border trade camps in the same week, decreasing 2,765 tons when compared with the week before 22 July.
In the third week of July, the two countries imported nearly 27,850 tons of rice from Muse (105-mile) trade zone, Sittway and Maungtaw border stations.
The country received $0.688 million from the export of broken rice weighing 2,705 tons, including 2,096 tons from Muse, 589 tons from Lwejel and 20 tons from Chinshwehaw.
The exports of broken rice from borders in the fourth week of July was 585 tons less than that of the previous week.
Shwe Khine
Tuesday, August 8, 2017
VisionFund brings micro finance to Myitkyina
People living in Myitkyina, the capital city of Kachin State, have improved access to responsible microfinance thanks to a partnership between VisionFund Myanmar and the Livelihoods and Food Security Trust Fund (LIFT) through World Vision. The branch was officially opened by representatives from VisionFund and local authorities recently.
With around 32 per cent of the country’s population still living below the poverty line, VisionFund focuses on serving rural areas that are financially under served and bringing about positive change in communities and families living in poverty.
“VisionFund seeks to lift people out of poverty by providing microfinance to improve small businesses. With the right support, entrepreneurial families have the potential to not just help themselves but benefit their entire community,” says Rommel Caringal, Chief Executive Officer of VisionFund Myanmar. “We are already making great progress in serving the people of Myitkyina and look forward to doing more in helping unlock the economic potential in the area,” he adds.
VisionFund is also known for its emphasis on providing quality financial services to vulnerable communities with a special focus on empowering women.
As a subsidiary of World Vision, the MFI’s vision is to ensure the wellbeing of children in poor communities through its microfinance work. “It is our intention to expand our operations to meet the needs of the most vulnerable families and communities.
We will look to empower more women through this process and thereby ensure children are better cared for and protected,” Says Suresh Bartlett, National Director of World Vision Myanmar.
With around 32 per cent of the country’s population still living below the poverty line, VisionFund focuses on serving rural areas that are financially under served and bringing about positive change in communities and families living in poverty.
“VisionFund seeks to lift people out of poverty by providing microfinance to improve small businesses. With the right support, entrepreneurial families have the potential to not just help themselves but benefit their entire community,” says Rommel Caringal, Chief Executive Officer of VisionFund Myanmar. “We are already making great progress in serving the people of Myitkyina and look forward to doing more in helping unlock the economic potential in the area,” he adds.
VisionFund is also known for its emphasis on providing quality financial services to vulnerable communities with a special focus on empowering women.
As a subsidiary of World Vision, the MFI’s vision is to ensure the wellbeing of children in poor communities through its microfinance work. “It is our intention to expand our operations to meet the needs of the most vulnerable families and communities.
We will look to empower more women through this process and thereby ensure children are better cared for and protected,” Says Suresh Bartlett, National Director of World Vision Myanmar.
US$400 million Chinese investment proposed for 33 agricultural extension centers
Myanmar’s Agribusiness Public Corporation (MAPCO), the Myanmar Rice Federation (MRF) and the China International Trust Investment Corporation (CITIC) Group submitted a US$400 million proposal to Myanmar Investment Commission (MIC) to construct the 33 agribusiness service centers in states and regions.
“We will construct the 33 agribusiness service centers as soon as possible,” said Dr. Soe Tun, the Myanmar Rice Federation MRF vice chairman. “Currently, we are waiting for the permission from MIC. The estimated cost of the whole project is US$400 million. Now, we are seeking contracts for international loans.”
The agribusiness service centers will provide services including the sale of pedigree seeds, fertilizer, and graineries services. The centers will also provide technical assistance and contract farming services.
The centers will be constructed in Yangon, Ayeyawady, Bago and Mandalay regions and Mon, Kayin and Shan states and in Nay Pyi Taw. Myanmar Agribusiness Public Corporation MAPCO, MRF and the CITIC Group signed a Memorandum of Understanding (MoU) in Nay Pyi Taw on 21 July.
“We will conduct the feasibility study with the cooperation of CITIC Group. Then, we will write a proposal and the Chinese company will submit our proposal to the Chinese government,” said Dr. Soe Tun.
“As a local farmer, I would be very happy to see agribusiness service centers in our region,” said U Soe Tint, a local cultivator from Shwebo Township.
“If we have a drying machine, we can save the time and labour. Our main problem is insufficiency of the agricultural loans. The government provided loans amounting to Ks150,000 per acre. But in actual practice, farming costs us Ks400,000 per acre. Therefore, we have to think of other ways to borrow money.
We have to buy the fertilizers under credit system. The traders also buy rice at low price. So it is better to get the loans with a longer repayment period like 3 years for example.”
“We will construct the 33 agribusiness service centers as soon as possible,” said Dr. Soe Tun, the Myanmar Rice Federation MRF vice chairman. “Currently, we are waiting for the permission from MIC. The estimated cost of the whole project is US$400 million. Now, we are seeking contracts for international loans.”
The agribusiness service centers will provide services including the sale of pedigree seeds, fertilizer, and graineries services. The centers will also provide technical assistance and contract farming services.
The centers will be constructed in Yangon, Ayeyawady, Bago and Mandalay regions and Mon, Kayin and Shan states and in Nay Pyi Taw. Myanmar Agribusiness Public Corporation MAPCO, MRF and the CITIC Group signed a Memorandum of Understanding (MoU) in Nay Pyi Taw on 21 July.
“We will conduct the feasibility study with the cooperation of CITIC Group. Then, we will write a proposal and the Chinese company will submit our proposal to the Chinese government,” said Dr. Soe Tun.
“As a local farmer, I would be very happy to see agribusiness service centers in our region,” said U Soe Tint, a local cultivator from Shwebo Township.
“If we have a drying machine, we can save the time and labour. Our main problem is insufficiency of the agricultural loans. The government provided loans amounting to Ks150,000 per acre. But in actual practice, farming costs us Ks400,000 per acre. Therefore, we have to think of other ways to borrow money.
We have to buy the fertilizers under credit system. The traders also buy rice at low price. So it is better to get the loans with a longer repayment period like 3 years for example.”
缅甸第54届玉石珠宝交易会开幕
新华社内比都（记者庄北宁）一年一度的缅甸玉石珠宝交易会（俗称翡翠公盘）２日在内比都拉开序幕。
缅甸翡翠公盘自１９６４年开始举办，本届公盘是第５４届，举办日期为８月２日至１１日。当天，缅甸副总统亨利班提育、缅甸自然资源和环境保护部等政府官员、缅甸珠宝协会成员等到场。
据主办方介绍，参加本届公盘的外国珠宝商约为３４００人、缅甸本土珠宝商约１４００人，比第５３届公盘参加人数多出近两千人。
本届公盘与往届不同的是，只采用暗标投标方式。公盘开幕后，珠宝商可以仔细检查供竞标的珠宝、玉石，然后填写标单并投入标箱，等待开标。本届公盘参展的翡翠矿石共有６５６１堆、珠宝３２６堆，每堆珠宝玉石都有专门标签用英文写明编号、件数、重量和底价，珠宝堆底价为５００欧元起、玉石堆底价为４０００欧元起、玉石成品底价为１０００欧元起。
缅甸珠宝协会副主席吴敏汗说，今年主办方降低了竞标保证金，从而吸引更多珠宝商参与竞标，使得本届公盘规模更大，可能会让公盘竞标更加激烈并推高成交价。
在本届翡翠公盘举办期间，相关方面还将举行首届缅甸珠宝节、第六届东盟经济共同体珠宝业峰会等活动。
在缅甸经济中，玉石一直是重要出口物资，出口额常年排名出口物资前列。
彰化銀行 緬甸仰光辦事處開業
彰化銀行緬甸仰光辦事處於今天開業，董事長張明道親自率領高階主管至緬甸仰光主持揭牌儀式，由駐緬甸台北經濟文化辦事處張俊福代表、緬甸中央銀行外匯局局長Mr. Win Thaw、外貿協會仰光台灣貿易中心主任葉人誠、銀行同業代表及彰銀客戶一起見證。
彰銀表示，東協布局除原有新加坡分行外，近年來積極響應政府新南向政策，進入緬甸市場成立仰光辦事處，接下來將繼續挺進菲律賓及柬埔寨增設據點，以滿足台商赴東協地區投資之各項金融需求。
目前彰銀馬尼拉分行已獲菲律賓央行核准，期望趕在年底前開業，而柬埔寨專營授信業務的金邊子行則已獲金管會核准，現正加速向柬埔寨央行遞交申設文件的準備作業中。
Yangon Stock Exchange Expo slated for September in Yangon
The Yangon Stock Exchange Expo is scheduled to be held at the Park Royal Hotel in Yangon on 10 September, according to a report of yesterday’s edition of City News.
The expo will explore the benefits of stockholding to the public and promote investment in listed companies.
Four companies currently trade on YSX and will be featured at the expo.
The expo will also include panels of economic and legal experts, lucky draw events and quiz programs.
On 27 July, a total of 7,984 shares with estimated worth of Ks46 million were traded by four companies, First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB) and First Private Bank (FPB).
Closing stock prices were Ks15,500 for FMI, Ks3,900 for MTSH, Ks9,000 for MCB and Ks25,000 for FPB.
The expo will explore the benefits of stockholding to the public and promote investment in listed companies.
Four companies currently trade on YSX and will be featured at the expo.
The expo will also include panels of economic and legal experts, lucky draw events and quiz programs.
On 27 July, a total of 7,984 shares with estimated worth of Ks46 million were traded by four companies, First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB) and First Private Bank (FPB).
Closing stock prices were Ks15,500 for FMI, Ks3,900 for MTSH, Ks9,000 for MCB and Ks25,000 for FPB.
Myanmar accounts for 1.6 percent of world rubber export
There are more than 90 rubber exporting countries around the globe, with Asian countries accounting for 80 percent of the world rubber export, while African countries export 8.5 percent.
Between April 1 to July 28 of this fiscal year, Myanmar exported 10,000 tons of rubber via sea route and more than 30,000 tons via border trade. About 75 percent of rubber export is from Muse 105th Mile border trade camp and Chinshwehaw border trade camp on China-Myanmar border.
This year Myanmar is exporting rubber to six countries, with most of the exports going to China, Malaysia and Japan, according to the Commerce Ministry.
From July 22 to 28, Myanmar exported 1,055 tons of rubber worth US$ 1.352 million inland — 108 tons of RSS-3 rubber and nine tons of RSS-5 rubber via Muse border trade zone, 358 tons of RSS-3 rubber and 93 tons of MSR-20 rubber via Chinshwehaw border trade camp and 106 tons of rubber latex via Tachilek border trade camp.
From July 23 to 28, Myanmar exported 479 tons of rubber worth US$ 0.654 million via sea route — about 81 tons of TSR-20 to China, 247 tons of TSR-20 rubber to South Korea and 151 tons of MSR-20 to Japan.
Thursday, August 3, 2017
Myanmar marks Gems and Jewelry Day
YANGON, Aug. 3 (Xinhua) -- Myanmar marked the founding day of the Myanmar Gems and Jewelry Associations as its Gems and Jewelry Day for the first time in Nay Pyi Taw on Thursday.
Present at the event were Vice President U Henry Van Thio and businessmen of the Myanmar Gems and Jewelry Entrepreneurs Association.
Speaking at the event, Minister of Natural Resources and Environmental Conservation U Ohn Win called for development of the country's refined gem industry rather than raw one.
The minister also vowed to boost Myanmar's gems and jewelry industry to penetrate the international market by promoting trade sector with ASEAN and neighboring countries.
Myanmar Gems and Jewelry Entrepreneurs Association was founded on Aug. 3, 2009.
Meanwhile, the 54th Myanmar Gems Emporium kicked off in Nay Pyi Taw Wednesday, attracting 4,800 merchants including 3,400 foreign buyers to the event where 6,887 gems and jade lots are being put on sale.
The emporium, also sponsored by the ministry, will last until Aug. 11.
Aimed at promoting cooperation within gems and jewelry industry and relationship between ASEAN member states, as well as partner countries and regions, Myanmar Gems and Jewellery's Day activities will be followed by the 6th ASEAN Economic Community (AEC) plus 8 Gems and Jewelry Presidents' Summit to be participated by partner countries and regions including China, India, Japan and South Korea and gemology students from Myanmar.
Dutch businesses keen for deals in Myanmar
A DOZEN Dutch companies took part in the Netherlands’ first trade mission to Myanmar last week, reflecting keen interest to expand business ties.
Dutch ambassador Wouter Jurgens said the mission, from June 7-9, was part of efforts to build on these relations.
Jurgens said the Dutch companies discussed opportunities with Myanmar business people in a range of sectors including agriculture, integrated water management, banking, engineering, port development, furniture, medical care and security printing.
“We are very happy that a lot |of Myanmar companies signed |up for the business-matching |event, even more than what we could handle,” he said in an in-|terview. “Many Dutch companies came here to look for partners. |First, we need to build contact and then proceed to the contract.
“There are many different opportunities in Myanmar, and many different Dutch companies are responding to them. They are eager to come exactly at the right moment. It is a really good opportunity for Dutch companies to link up with Myanmar businesses. Hopefully the contracts will follow soon.”
The ambassador hailed the trade mission as a new chapter in bilateral relations, which started as early as 1947. The Netherlands is the ninth largest foreign investor in Myanmar, with 18 enterprises approved by Myanmar Investment Commission that have brought in US$1.4 billion in initial capital.
Bilateral trade reached US$140 million in fiscal 2016-17, to March 31, official statistics show. Jurgens believes this figure will at least double by 2020.
He said more than 200 Dutch businesses had shown their interest in exploring the Asean market, particularly Myanmar, at a recent Asean business event in The Hague. He said some of Dutch big names - including Shell, Unilever, Heineken and Phillips - have been doing business in Myanmar since its period of isolation, and have a lot of confidence in the opportunities in the country.
“Myanmar is absolutely ready for foreign investment thanks to big efforts made by the government to upgrade their laws and regulations. Dutch companies have a lot of experience in Asia,” Jurgens said. “They know the business climate in general. What they are looking for is some clarity about the regulatory framework.
“The investment law is an important part of that. Now the by-law in implementation is also important. They need to see that their investment is protected in the right way, and that it moves ahead when they are here. We are confident in this [regard], as a lot of steps have been taken.”
According to Jurgens, Dutch firms are looking at different sectors. He considers agriculture the most promising sector, as most Myanmar people still depend on the sector and the Netherlands is the second largest agricultural exporter in the world.
Jurgens also hopes to share the Dutch expertise in water management. Myanmar showed its interest in this area during a visit by Vice President Henry Van Thio in April.
“Although we realise that Myanmar is still not a very easy market, we are confident that we can make a difference with our unique aid and trade approach,” he said.
“I cannot look into the future but I can judge it from the interest that we see. We are looking at very good prospects here.”
Maung Maung Lay, vice president of the Union of Myanmar Federation of Chamber of Commerce and Industry, said Myanmar expected knowledge sharing, technology transfer, credibility and accountability from Dutch businesses.
He urged Dutch businesses to invest in Myanmar, as it made efforts to leap ahead after nearly six decades of isolation.
“The transformation process already started in Myanmar. From caterpillar to butterfly, we will never be a caterpillar again,” he said.
Source: The Nation
Dutch ambassador Wouter Jurgens said the mission, from June 7-9, was part of efforts to build on these relations.
Jurgens said the Dutch companies discussed opportunities with Myanmar business people in a range of sectors including agriculture, integrated water management, banking, engineering, port development, furniture, medical care and security printing.
“We are very happy that a lot |of Myanmar companies signed |up for the business-matching |event, even more than what we could handle,” he said in an in-|terview. “Many Dutch companies came here to look for partners. |First, we need to build contact and then proceed to the contract.
“There are many different opportunities in Myanmar, and many different Dutch companies are responding to them. They are eager to come exactly at the right moment. It is a really good opportunity for Dutch companies to link up with Myanmar businesses. Hopefully the contracts will follow soon.”
The ambassador hailed the trade mission as a new chapter in bilateral relations, which started as early as 1947. The Netherlands is the ninth largest foreign investor in Myanmar, with 18 enterprises approved by Myanmar Investment Commission that have brought in US$1.4 billion in initial capital.
Bilateral trade reached US$140 million in fiscal 2016-17, to March 31, official statistics show. Jurgens believes this figure will at least double by 2020.
He said more than 200 Dutch businesses had shown their interest in exploring the Asean market, particularly Myanmar, at a recent Asean business event in The Hague. He said some of Dutch big names - including Shell, Unilever, Heineken and Phillips - have been doing business in Myanmar since its period of isolation, and have a lot of confidence in the opportunities in the country.
“Myanmar is absolutely ready for foreign investment thanks to big efforts made by the government to upgrade their laws and regulations. Dutch companies have a lot of experience in Asia,” Jurgens said. “They know the business climate in general. What they are looking for is some clarity about the regulatory framework.
“The investment law is an important part of that. Now the by-law in implementation is also important. They need to see that their investment is protected in the right way, and that it moves ahead when they are here. We are confident in this [regard], as a lot of steps have been taken.”
According to Jurgens, Dutch firms are looking at different sectors. He considers agriculture the most promising sector, as most Myanmar people still depend on the sector and the Netherlands is the second largest agricultural exporter in the world.
Jurgens also hopes to share the Dutch expertise in water management. Myanmar showed its interest in this area during a visit by Vice President Henry Van Thio in April.
“Although we realise that Myanmar is still not a very easy market, we are confident that we can make a difference with our unique aid and trade approach,” he said.
“I cannot look into the future but I can judge it from the interest that we see. We are looking at very good prospects here.”
Maung Maung Lay, vice president of the Union of Myanmar Federation of Chamber of Commerce and Industry, said Myanmar expected knowledge sharing, technology transfer, credibility and accountability from Dutch businesses.
He urged Dutch businesses to invest in Myanmar, as it made efforts to leap ahead after nearly six decades of isolation.
“The transformation process already started in Myanmar. From caterpillar to butterfly, we will never be a caterpillar again,” he said.
Source: The Nation
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