COVID-19 AND FOOD MARKET DISRUPTIONS IN MYANMAR

Date: 15 October 2020 (Thursday) , 9:00 AM – 10:30 AM

Please register at :  https://register.gotowebinar.com/regist…/5527017764042744336

Organizer: Michigan State University International Food Policy Research Institute (IFPRI)

ကိုဗစ်နိုင်တင်း ကူးစက်မှုတွေ မြင့်တက်မှုကြောင့် ရောဂါပြန့်ပွားမှုကို ထိန်းချုပ်လုပ်ဆောင်နေရတာနဲ့အမျှ အစားအစာဈေးကွက်ကို ထိခိုက်လာပါတယ်။ ဒီအကြောင်းအရာနဲ့ ပတ်သက်တဲ့ အွန်လိုင်းဆွေးနွေးပွဲလေးကို မီရှီဂန်ပြည်နယ်တက္ကသိုလ်နဲ့ IFPRI တို့ပူးပေါင်းပြီး အောက်တိုဘာလ ၁၅ရက်နေ့မှာ ကျင်းပမှာ ဖြစ်ပါတယ်။ မြန်မာနိုင်ငံက လက်ရှိ အစားအစာ ဈေးကွက် လည်ပတ်နေတဲ့အပေါ်မှာ လေ့လာသုံးသပ်ထားတဲ့ အချက်တွေအပေါ်မှာ ဆွေးနွေးပေးမှာ ဖြစ်လို့ စိတ်ဝင်စားသူတွေအနေနဲ့ စာရင်းသွင်း တက်ရောက်နိုင်ဖို့ မျှဝေပေးလိုက်ပါတယ်ရှင်။

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FDI tops $25 bln in incumbent government period

Myanmar has attracted more than US$25 billion of foreign direct investments over the past four and half years under the incumbent government, according to the Directorate of Investment and Company Administration (DICA). The Myanmar Investment Commission (MIC) and the respective investment committees granted permits and endorsements to 1,032 foreign enterprises between the 2016-2017FY and 2019-2020FY, with estimated capitals of US$25.186 billion.

The FDIs stood at $6.9 million from 158 enterprises in the FY2016-2017, $6.119 billion from 234 businesses in the FY2017-2018, $1.94 billion from 89 projects in the 2018 mini-budget year, $4.5 billion from 298 enterprises in the FY2018-2019 and $5.689 billion from 253 businesses in the FY2019-2020 respectively, the DICA’s data indicated. The FDIs flow into the 12 sectors; oil and gas, power, transport and communications, real estate, hotels and tourism, mining, livestock and fisheries, industrial estate, agriculture, construction, manufacturing and other service sectors.

Transport and communications sector topped the investment line-up, followed by the manufacturing industry in the second place and real estate sector in the third place. Of 51 foreign countries and regions investing in Myanmar, Singapore put the most massive investments, followed by China and Hong Kong (SAR). MIC is prioritizing the labor-intensive businesses. In the incumbent government period, domestic and foreign projects employ over 670,000 residents, according to the DICA. Those enterprises have created over 96,000 jobs in the FY2016-2017, 110,000 jobs in the FY2017-2018, over 53,000 jobs in the 2018 mini-budget period, over 180,000 jobs in the FY2018-2019 and 210,000 jobs in the FY2019-2020 respectively. 

Source: The Global New Light of Myanmar

Construction work to resume in Yangon with new rules

Construction work in Yangon, which has been halted since the third week of September, will be allowed to resume if it follows new rules, said the Yangon Region Construction Inspection Committee. “Construction projects in Yangon Region will have to report to the committee and after inspection, they will be allowed to resume if they are in compliance with the rules,” said committee Associate Secretary U Myo Myint.

The construction sites must follow 18 rules and Version 3.0 or 4.0 of Virus Prevention Instructions issued by the Ministry of Health and Sports. If the companies want inspections or have any trouble, they can contact the committee. Construction work necessary for infrastructure development is still a priority during COVID-19 and should be allowed if it complies with healthcare regulations said State Counsellor Daw Aung San Suu Kyi on October 9.

“While controlling the disease, we have to avoid an economic impact. Considerations include allowing factories to reopen. If construction work follows health rules, it can develop infrastructure in the long run and create jobs,” she said. Ten percent of construction work will be allowed after inspection by the Yangon government, the National COVID-19 Committee said on October 4. An October 10 announcement said work that meets regulations can resume with the region’s permission starting October 12.

Source: Myanmar Times