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Corn export tops $246.9 mln in five months

Myanmar Customs Department’s statistics showed corn exports to foreign countries had generated over US$246.9 million in the first five months (October-February) of the current financial year 2020-2021. Myanmar corn exports by sea have come to an end due to the lack of demand, Chair U Min Khaing of the Myanmar Corn Industrial Association said. Myanmar has been delivering corns to the neighbouring countries Thailand and China via the land border. The shipment to Singapore, Malaysia and Viet Nam abruptly stopped owing to zero demand, he added. The lack of demand by sea is attributed to the political changes and disruption in the logistic sector. Myanmar is conveying corns to Thailand through the land border, with a tonne of maize fetching up about 8,000 baht. As Myanmar revoked the two-per-cent withholding tax exemption on corn exports during the new wave of coronavirus, the corn price is expected to fall, he added.

The withholding tax exemption status for corn exports to Thailand duly expired amid the pandemic. The two per cent WHT had to be paid starting from 1 May. The two per cent WHT was levied on corn exports through the land border. During the pandemic, the tax was temporarily exempted. At present, the exempt status is revoked. Consequently, the lower commodity price is likely to happen. Thailand gives the green light to corn imports through Maesot under zero tariff (with Form-D), between 1 February and 31 August. Thailand has granted tax exemption on corn imports between February and August. However, Thailand imposed a maximum tax rate of 73 per cent on corn import in order to protect the rights of their growers if the corns are imported during the corn season of Thailand, as per the notification of the World Trade Organization regarding corn import of Thailand, said a corn exporter.

With the local corn consumption growing, Myanmar’s corn export to foreign markets is expected to reach 1.6 million tonnes this year, the association stated. Myanmar is the second-largest exporter of corn among regional countries. At present, corn is cultivated in Shan, Kachin, Kayah and Kayin states and Mandalay, Sagaing and Magway regions. Myanmar has three corn seasons- winter, summer and monsoon. The country yearly produces 2.5-3 million tonnes of corns. The corn crop is mostly demanded by the feedstuff processing business. Therefore, it is the potential business for both domestic and external markets, said an official of the Ministry of Commerce. During the last FY2019-2020 ended 30 September, the country exported 2.2 million tonnes of corns to the external market, with an estimated value of $360 million, the Ministry of Commerce’s data showed. As per data from the Ministry of Commerce, Myanmar exported 1.5 million tonnes valued at $270 million in the 2018-2019FY, 1.4 million tonnes of corn worth over $290 million in the 2017-2018FY, 1.2 million tonnes of corn worth $250 million in the 2016-2017FY, and, 1.1 million tonnes of corn worth $300 million in the 2015-2016FY. 

Source: The Global New Light of Myanmar

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Tickets of the state-owned Myanmar National Airlines can be bought with digital payment

Passengers travelling on state-owned Myanmar National Airlines flights can visit the website (www / flymna.com) and can easily book with digital payments through the application and call center. Payment for airline tickets with 3D Secure credit or Debit Card, payment by MPU Card, payment by Bank Transfer Payment can be made over the counters such as NearMe, G & G, abc convenience store, City Express and Oasis through 123 Service. Customers who use Mobile banking / i-banking can pay using KBZ Direct Pay, CB Web Pay, AYA Mobile banking, UAB mobile banking, MAB mobile banking.

Passengers on international flights of the state-owned Myanmar National Airlines will be tested for COVID-19 at Yangon Airport Molecular Lab. State-owned Myanmar National Airlines has announced flight schedules for next May, all of which will be operated by Embraer 190 and ATR 72-600 aircraft. Of the five domestic airlines, all airlines have resumed domestic flights and passenger flights have resumed, according to domestic airlines. Among the domestic airlines, state-owned Myanmar National Airlines and Air KBZ are resuming domestic flights, while GMA and Man Yadanarbon Airlines are operating only Yangon-Sittwe routes.

In May, 2021, there will be flights of Myanmar National Airlines from Yangon to Mandalay, Heho, Kyaing Tong, Sittwe, Myeik, Bote Pyin, Dawei, Kyaukphyu, Loikaw and Kalay. According to a statement from the Ministry of Health and Sports, all passengers on domestic flights will no longer need to undergo the COVID-19 test and will have to comply with other health standards. According to the statement, passengers on domestic flights can apply for a ticket at a local ticket office or at a local ticket office. They will be able to purchase regular flights without having to endorse online or in accordance with the health standards.

Passengers may be exposed to suspected COVID-19 fever, whooping cough, sudden loss of odor, or contact with an infected person within two weeks. And only those who are free of all symptoms and conditions will be allowed to travel. Passengers are required to abide by local orders when the aircraft arrives in their respective cities. The COVID-19 medical check-up for passengers on rescue flights and domestic flights of state-owned Myanmar National Airlines (MNA) and International Myanmar Airlines (MAI) will be available at Yangon Airport Cargo Warehouse and N Health Laboratory, according to the airline.

Source: Daily Eleven

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Construction of new Mingalar Market completed 63%

According to the officials, the government is constructing a new Mingalar Market in Mingala Taungnyunt Township spending K68 billion, and about 63 per cent of the market has been completed. The market will be a 17-storey building with a two-storey basement car park and is being constructed by modern machinery, expert engineers and skilled labourers following the COVID-19 health rules of the Ministry of Health and Sports.

There will be banks, restaurants and supermarkets on the ground floor. From 6th to 13th floor including two-storey basement car park can accommodate more than 700 cars. There will also be shops and warehouses on the 9th and 10th floors while the offices will be on 11st and 13th floors.

There will be more than 1,000 shops from the 5th to 8th floors managed by the construction companies. The YCDC will relocate the vendors from the ground floor to the 4th floor who lost their shops in old Mingalar Market, which caught fire. The officials now speed up the building construction. If the new Mingalar Market is completed, it can benefit more than 40,000 people, including vendors, staff, and customers, so the market will become alive more than before.

Source: The Global New Light of Myanmar