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YSX Live Talk Program (Free Webinar)

Date: 27 October 2020, 3:00 PM

With an aim to share YSX market updates of 2020 to stock investors; such as newly established market board (Pre-Listing Board), online securities account opening, foreign investor’s participation in the market and Listed companies’ activities along with COVID-19 new normal sentiment, etc., and to highlight stock investment opportunities based on local and global market trend during COVID-19 pandemic 

Speaker:

  • U Thet Htun Oo, Executive Senior Manager , Yangon Stock Exchange (YSX)
  • U Aung Thein Tun, Managing Director, Institute of Business & Investment Management (IBIM)

Stock investors and anyone who are interested in stock market can watch it live streaming on (https://fb.me/ysx.myanmar).

Five Shan towns to be promoted as tourism cities

Five towns in Shan State have been designed as tourism cities with the aim of improving Myanmar tourism in the post-COVID-19, said U Soe Nyunt Lwin, Shan State Planning and Finance minister. A tourism master plan has taken into account the “new normal” in Shan. Under the plan, the country will promote tourism under government-to-government agreement. The five tourism cities include Kalaw, Nyaung Shwe, Kyaing Tong, Lashio and Thibaw.

The plan will encourage local and foreign travelers to learn about ethnic people’s cultures through literature, music, the arts, food and handicrafts. A K100 million budget and five percent of the Inle Lake Fund will be used annually to promote Shan hotels and tourism. More money will have to be spent for tourism in the post-COVID-19 period for the sake of regional development. As part of the effort, they have asked the Ministry of Defense to allow foreign travelers to use the road that connects eastern and southern Shan. A package tour of Kalaw and Nyaung Shwe towns via Kyaing Tong is also planned.

Travelers from Thailand can visit Kalaw and Inle in eastern Shan. Kyaing Tong will be promoted for its scenic beauty and as a jumping-off point for eco-tours of the surrounding countryside. The China and Thailand markets will be targeted during the remainder of the government’s term after the elections. In Nawngcho township, the first glass bridge in Myanmar will be built soon. Kalaw and Taunggyi cities have received tourism awards, and Taunggyi, capital of Shan, was also recognized for having the highest oxygen concentration in ASEAN.

Source: Myanmar Times

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Imports stand at $341.7 mln as of 9 Oct, MOC reports

The value of Myanmar’s imports between 1 and 9 October in the current financial year 2020-2021 stood at US$341.7 million, reflecting a decrease of $150 million from $491.89 million registered in the year-ago period, according to data released by the Ministry of Commerce. The value of imports in the consumer, capital, intermediate goods, and CMP businesses groups declined in the current FY. During the nine days of trading, the import value of capital goods, such as auto parts, vehicles, machines, steel, and aeroplane parts, was estimated at $118.29 million. The figure was $54 million lower than the same period in the previous FY. Meanwhile, Myanmar imported consumer products worth $80.66 million, including pharmaceuticals, cosmetics, and palm oil.

The imports of consumer products showed a decrease of $15.9 million compared with the same period in the previous FY. Typically, intermediate goods make up a large share of Myanmar’s imports, with petroleum products and plastic raw materials being the main import items. In the current FY, imports of raw materials plunged to $113 million from $160.8 million registered during the year-ago period. During the same period, raw materials worth $29.68 billion were also imported for the Cut-Make-Pack (CMP) garment businesses, showing a decrease of $31.5 million compared with last year. Myanmar imported over $19 billion worth goods in the last FY2019-2020, showing an increase of $935.8 million compared to the FY2018-2019. The top 10 import countries to Myanmar are China, Singapore, Thailand, Malaysia, Indonesia, India, Viet Nam, Japan, the Republic of Korea and the US, as per data of the Ministry of Commerce.

The government is trying to reduce the trade deficit by screening luxury import items and boosting exports. The country mainly imports essential goods, construction materials, capital goods, hygienic material and supporting products for export promotion and the import substitution.
The Ministry of Commerce has adhered to its policy reform depending on the requirements of the State and people. Moreover, a series of trade liberalization and openness for policy development have been introduced for enhancing a more viable trade environment. The private sector plays a prominent role in Myanmar’s market-oriented economic system. The ministry is highlighting free and fair trade, ensuring product safety and quality goods and services. 

Source: The Global New Light of Myanmar

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Panel Discussion Impact of COVID-19 On Banking And Fintech Sectors

Date: 28 October 2020, 2:00 PM – 3:00 PM

Singapore Association in Myanmar (SAM) and CCI France Myanmar (CCIFM) organize a series of webinars on the impact of covid-19 on specific sectors. The second edition on banking and fintech sectors will be discussed by experts from the sector.

Agenda
2 PM – Introduction of the 3 speakers by the moderator
2:10 PM – Panel discussion
2:45 PM – Q&A session with the audience

Moderator: Mr. Janeshwar Pachigola, Head of Merger & Acquisitions at PwC

The speakers are:
Mr. Brad Jones, CEO of Wave Money
Mr. Christopher Loh, CEO of uab bank
Daw Zarchi Tin, CEO of Dai-ichi Insurance

Fees
Free event for members of SAM and CCIFM
5 USD for non members

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CMP factory reopened with controversial ratings Workshops

On September 20, the Ministry of Health and Sports issued Order No. 107/2020 that all townships in Rangoon Division (except Ko Ko Kyun Township) must be provided with Stay Home to control COVID-19 again. Similarly, government departments; Medicine Organizations other than the food industry and daily personal care factories; Take raw materials with companies. Freight Forwarding (CMP) factory; Workshops will not be allowed to work from September 24 to October 7. As a result of this statement, government departments, Banks Medicine Organizations other than the food industry and daily personal care factories; Take raw materials with companies. Freight Forwarding (CMP) factory; All workshops were temporarily closed.

On the evening of October 5, almost two weeks after the temporary closure, the Ministry of Health and Sports issued another statement. The statement was issued to a factory operating a CMP business. All factories will be closed for another two weeks from October 8 to October 21. Workers in the factories were again worried about their livelihood. However, a statement issued by the Ministry of Health and Sports on October 10 stated that Among the workshops, A-level factories; Workshops will be allowed to open on October 12. After the announcement, on October 12, Hlaing Thar Yar Industrial Zone in Rangoon Region; Shwe Pyi Thar Industrial Zone, Mingaladon Industrial Zone, Factories A-level in the former COVID-19 first wave in Dagon Seikkan Township have reopened.

The factory reopened on October 12. Most of the workshops are factories that received Level A in the previous COVID-19 first wave. There are workshops. The Ministry of Health and Sports has not recently inspected the factories, according to the chairmen of the relevant industrial zones. These ratings have been in place since the first wave last April. Since then, the ratings have been mixed with the factories that have been opened and the factories that have been reopened. There are also workshops. Trade unions have come under fire. In addition, the regional government has not officially announced the number of factories that have been allowed to open, nor the number of factories that will be allowed to operate under any criteria.

The Bs, on the other hand, look at the letter from the Prime Minister’s contract, which was checked in the first wave. Close and reopen only when this is the case. Level B factories return after repair. If not, it will come back soon. If the B-rated factories are ordered to be repaired and not submitted within three or four days, the Ministry of Health will inspect. CMP Factory Workshops are rated 10 points for rating. Things to do: Stay at Home; Physical Distancing (for work from home) is not possible. Mouth and nose bandages for every worker; Instructions for wearing gloves and adequate support; Staff Sickness; Transporation; Entrance / Exit; Hygiene; Cleanliness and Disinfection; Meals and Rest; They measure and check with 10 points such as general. According to the survey, if the requirements are met, the requirements should be level B and the requirements should be further adjusted while opening the plant. In addition to the A and B criteria, workers are required to enter the workplace from the time they board the ferry; Wear a mask. Faceshield mounting; Hand washing; There are basic rules in the factory, such as putting up vignette vignettes and leaving three feet away for meals.

However, with the rating, As factories reopened, workers were forced to return to work. The health of these returning workers is in the hands of the government and employers. The Rangoon Region government provides food and shelter for the workers. The employer’s business; For the sake of the country’s economy, With the reopening of workplaces and the rapid spread of Kovis, there is an urgent need to inspect existing factories for compliance with health regulations to ensure that workers are not infected. Safe workplaces are needed to control long-running epidemics and keep businesses afloat.

Source: Daily Eleven