Reallocation of excess savings from Myanmar Gems Enterprise (MGE) and Myanma Oil and Gas Enterprise (MOGE) alone could provide more than K2.8 trillion in available financing for the government’s budget in the fiscal year starting from October, on top of covering expenses of the two state-owned enterprises. The government has lost more than US$2 billion […]
Shrouded in secrecy, SOE profits are not financing country’s development
July 20, 2018 by Thiha
Filed Under: Latest News Tagged With: Andrew Bauer, education, Exchange Rate, Finance Ministry, healthcare, hluttaw, MEB, MGE, moge, Myanma Oil and Gas Enterprise, Myanmar Economic Bank, Myanmar Gems Enterprise, national currency, Natural Resource Enterprises, Natural Resource Governance Institute, Nay Pyi Taw, NRGI consultant, public service providers, SEE, social services, SOEs, State Owned Economic Enterprises Law, State-Owned Enterprises, Tax collectors, Treasury, Union budget, Yangon-based Renaissance Institute
ADB sees positive economic prospects for Myanmar, depending on FDI
April 19, 2018 by Thiha
The Myanmar economy is on target for further growth in 2017-18 and as it moves forward into a fresh fiscal year, but there are policy and reform risks that could derail growth, said Yumiko Tamura, principal country specialist, ADB Myanmar Resident Mission at the Asian Development Bank (ADB). Ms Tamura yesterday presented the ADB’s growth […]
Filed Under: Latest News Tagged With: ADB, ADB Myanmar Resident Mission, agriculture production, agriculture sector, asean, Asian Development Bank, Banking Sector, Budget, budget deficit, country’s GDP, Current Account Deficit, domestic banks, domestic tourism operators, education, FDI, food prices, foreign direct investments, GDP, healthcare, hotels, Imports, industry expansion, Infrastructure Projects, local interest rates, Myanmar, Myanmar economy, oil prices, overseas goods, principal country specialist, rakhine, rice and garment exports, social services, tour companies, Tourist Arrivals, Yumiko Tamura
MOSB – the first foreign company to build an oil and gas supply base
July 18, 2017 by Thiha
MOSB Limited (MOSB), has received approval from the Myanmar Investment Commission (MIC) on 11July, 2017 to build and operate a supply base in Mon State, with the endorsement from the Ministry of Energy. The establishment of a supply base will support the fast-growing oil and gas industry in Myanmar and provide necessary infrastructure, health, education […]
Filed Under: Latest News Tagged With: 2 Fish (SG) Pte Ltd of Singapore, economic development, education, Executive Chairman, first foreign company, gas, health, local community, MIC, Ministry of Electricity and Energy, Ministry of Energy, Mon State, MOSB Limited, Mr. Leonard Oh, Myanmar, Myanmar economy, Myanmar investment commission, oil, Oil and Gas Industry, singapore, social services, standard of living, telecommunication linkages, Thailand, transportation, Two Fish Supply Base Limited, U Zaw Min Oo, Village Head of WaeKa Li Village
