YANGON Region Gold Entrepreneurs Association (YGEA) notified necessary documents for seeking a gold trading licence, including a bank statement with 25 per cent of the total assets mentioned.
Applicants must fill out the stipulated Form 2 completely, copy of citizenship scrutiny card, resume with signature, bank statement signed by bank manager, declaration of maximum trading volume in (viss, tical, grams, troy ounce) measurement, recommendation letter of the respective township’s Department of General Administration, police clearance certificate, recommendation letter of Myanmar Gold Entrepreneurs Association or YGEA mentioning that individuals are members of the respective gold associations, ward administrator’s recommendation being a resident, tax clearance certificate, business licence granted by the respective municipal office, photo of the shop owners taken in front of the gold shop and photo of the gold products displayed inside the shops.
Those who fail to obtain a licence in line with the directive 055/2024 released on 25 October 2025 by the Ministry of Natural Resources and Environmental Conservation will face actions under Section 5 of the Essential Supplies and Services Law, declared through state-run newspapers on 30 October 2024.
Starting from 6 December, the daily gold reference price for a tical of pure gold (16.329325 grammes) with 19.25 grammes of the density of gold is announced through MRTV, MWD, the MoNREC website www.mining.gov.mm and the YGEA Facebook page.
Individuals are mandatory to apply for a licence within three months (18 November 2024-17 February 2025) and failure to do so is subject to legal action under Section 5 of the Essential Supplies and Services Law.
The Mineral (Gold) Reference Price Determination Committee sets daily gold reference prices at K5.33 million per tical of pure gold (16.329325 grammes) with 19.25 grammes of the density of gold on 18 December. — NN/KK

Source- The Global New Light of Myanmar

SENIOR General Min Aung Hlaing underlined that only when Myanmar uses cotton textiles in garment industries as well as exports them will the government reduce spending on foreign currency and earn foreign exchange.
A ceremony to inaugurate the 2/80 Thread Factory Branch of the Tatmadaw Textile Factory (Meiktila) took place at the venue yesterday morning, attended by Chairman of the State Administration Council Commander-in-Chief of Defence Services Senior General Min
Aung Hlaing.
Director Maj-Gen Win Myat of Ordnance Services of the Commander-in-Chief (Army) first reported to the Senior General on the construction of the factory branch.
The Senior General and dignitaries viewed a documentary video clip on the factory branch. Speaking on the occasion, the Senior General said that the 2/80 Thread Factory can produce 4,840 pounds of thread per day in its operation at full capacity. The thread can be used in the production of necessary textiles for the people and sell surplus threads to the market at fair prices, he added.
He unveiled that, currently, the factory manufactures necessary uniforms for Tatmadaw members and other textiles for the people. He emphasized that due to opening the 2/80 Thread Factory Branch, the Tatmadaw Textile Factory (Meiktila) will produce quality thread to meet local demand.
The Senior General noted that only when Myanmar uses cotton textiles at garment industries as well as exports them will the government reduce spending on foreign currency and earn foreign exchange. He explained that Tatmadaw Textile Factory (Meiktila) installed the necessary machinery to produce military apparel similar to international Tatmadaws.
He pointed out that Myanmar needs to systematically grow quality cotton to increase the per-acre yield of crops and produce advanced textiles.
On the other hand, he continued that cotton gins and textile factories must be upgraded to initiate the cotton-based industries.
The Senior General disclosed that Tatmadaw Textile Factory (Meiktila) manufactures military equipment for the entire Tatmadaw with the use of cotton wool while the newly-opened 2/80 thread factory will fulfil the clothing requirement of the nation.
The Senior General stressed the need to raise sown acreage of cotton and production of cotton wool. An official from China Texmatech Co Ltd handed over documents related to the factory to the factory manager.
The Senior General presented a fruit basket to an official from CTMTC Company while an official from the company presented a gift to the Senior General.
The Senior General gave gifts to the project chief engineer who supervised the machinery installation process. The Senior General viewed round cultivation of cotton crops, production of thread, and the products of the 2/80 Thread Factory Branch.
SAC Member Chief of the General Staff (Army, Navy and Air) General Maung Maung Aye, Commander-in-Chief (Navy) Admiral Htein Win, Commander-in-Chief (Air) General Tun Aung, Council Joint Secretary General Ye Win Oo and Council Member General Nyo Saw cut the ribbon to open the ceremony.
The Senior General sprinkled scented water on the signboard of the factory. The Senior General viewed round production line of thread
in the factory and gave necessary guidance to officials.
He presented cash awards for employees of the factory to an official. Also present at the ceremony were union-level dignitaries, union ministers, the Mandalay and Magway regional chief ministers, senior Tatmadaw officers from the Office of the Commander-in-Chief and officials.
Tatmadaw Textile Factory (Meiktila) was built in 1966-67 under the agreement between China and Myanmar governments so as to fulfil the clothing requirements of the people and reduce textile imports. The factory was handed over to the Directorate of Ordnance Services under the Commander-in-Chief (Army) on 1 October 1991.
Tatmadaw Textile Factory (Meiktila) manufactures uniforms for Tatmadaw members and Myanmar Police Force members as well as school uniforms and other textile products. The 2/80 Thread Factory Branch will produce quality thread and textiles to meet the demand of textile industries in the country to some extent. —MNA/TTA

Source- The Global New Light of Myanmar

E-CHOICE Taxi Co Ltd has announced plans to introduce electric vehicle (EV) taxis in Yangon, with a fleet of 100 EVs set to operate in 2025. To facilitate this, the company is in the process of registering imported EVs and applying for operating licences. Currently, preparations are underway to deploy an initial 18 EVs. 

“Our goal is to provide EV taxi services alongside YBS buses for public transportation. As fuel prices are rising, we made a plan to operate EV taxis. We also aim to deliver excellent service to passengers. That’s why we imported EVs and established E-Choice Taxi Co Ltd,” said an official from the company. 

At present, the Luxury EV Taxi service operates over 30 EVs in Yangon. Nationwide, there are 19 EV charging sta tions available to support EV operations. The luxury EV taxi service was launched in the Yangon Region in October 2023, with plans to establish up to seven charging stations specifically for these taxis in Yangon Region. 

Additionally, the Ministry of Industry is spearheading efforts to replace convention al taxis and buses with EVs for public transport in Yangon Region, Mandalay Region, and Nay Pyi Taw Council Area. — ASH/MKKS

Source- The Global New Light of Myanmar

MANTIS shrimps are being exported to Thailand through Yangon and demand is on the rise at present. Exports of live mantis shrimp, spiny lobsters, and dead hilsa fish are being conducted through Yangon to Thailand.
“At present, mantis shrimp is a major export item and next is spiny lobster and hilsa fish, they are being exported to Thailand by air. Thailand’s demand for these three items is pretty good now. They order premium-quality hilsa fish which weighs a viss and above per one and we can fetch nearly K250,000 a viss,” said an official from Shwepuzun Myeik-produced kinds of seafood retail and wholesale distribution.
According to a Yangon-based trader, mantis shrimp have high consumption in Thailand, and traders have expressed interest in exporting. “Many traders are interested in exporting fishery products. Myanmar is rich in marine resources and my friends have also expressed interest in it,” he said. — Thit Taw/ZS

Source- The Global New Light of Myanmar

Octopus from Myeik is currently the best seller as the price has dropped, according to the information asked in the seafood market.
Octopus prices have been good for more than a month, and since the beginning of December, the price has been decreasing, so it has become the best seller.
“The biggest seller in the seafood industry is octopus. There are two main reasons for high sales — one is that the price decreased a lot from the peak of K50,000 per viss in early December after the Myanmar’s seasonal festivals.
Another point is that Octopus is a type of traditional Myanmar seafood. So, octopus is selling the most. The best seller is octopus from Myeik,” said an official from the Shwe Pazun seafood distribution in Myeik. Octopus, which used to have a good price, is now affordable and abundant in the market, so Mookata (Thai BBQ hot pot) buffet and hot pot restaurants are restoring it in their menus.
“Mookata and hotpot shops are restoring octopus in their menus. At present, octopus is the best seller. Other items such as cuttlefish and squid are going as usual, so they are not among the popular products. Yangon tops among the orders. We also have a branch in Yangon, so we distribute Octopus to all places from Yangon, including Shwe Padauk fish market and Kyimyindine fish market,” he explained. — Thit Taw/ZN

Source- The Global New Light of Myanmar

Fully applying economics key to State’s economic growth

Senior General Min Aung Hlaing stressed the need to analyze economic crises based on political and economic problems from the point of view of macroeconomics and political economics.
Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing said so at the ceremony to mark the 100th anniversary of economics education in Myanmar at Myanmar International Convention Centre II in Nay Pyi Taw yesterday morning.
Speaking on the occasion, the Senior General noted that protectionism is prioritized to overcome challenges of geopolitics, geoeconomic tensions, outbreak of pandemics, impacts of natural disasters, trade and monetary problems, technological competitiveness and difficulties of energy security. He unveiled that the State Administration Council has been striving to overcome disturbances, hindrances and crises in the State economy through various ways and means since its establishment. He emphasized that priority is given to equal opportunities for the development of all sectors and employment opportunities in relevant areas for national races.

The Senior General pointed out that the capacity to fully apply economics plays a key role in the economic growth of the State.
He noted that emphasis must be placed on raising productivity, quality products and grasping market share for products of the country to increase income for the State by creating incentives for those who strive for the economic development of the nation.
He urged businesspersons, those serving in government organizations and non-government organizations, economists, leaders in the economic development of the nation and investors to actively implement objectives and the roadmap of the State. He called on economists to analyze how to tackle the State economy based on basic data of the nation and implement short and long-term plans for different regions.
The Senior General highlighted that only when Myanmar doubles its export volume will it contribute to the development of the nation. Hence, efforts must be made to boost production based on agriculture and livestock tasks. Moreover, it is necessary to improve the industries based on cotton, bamboo and rubber raw materials, he added. He underscored that as some 90 per cent of the State GDP depends on the production of private businesses, agro-based industry must be implemented in addition to the development of MSME businesses to raise export volume and reduce imports.
Under the leadership of veteran economists of Myanmar Sayagyi Dr Hla Myint, Dr Aye Hlaing, Dr Maung Shein and Dr Than Nyun in successive eras, the Senior General recounted that universities of economics have turned out 96,696 graduates and are giving training to 19,042 students within 100 years period.
Meanwhile, he explained that Universities of Distance Education have produced 170,930 graduates in economics. Universities in regions and states offer BA (Economics) courses to turn out human resources from an economic point of view.
At the ceremony, the Senior General and attendees watched a video clip on the 100th anniversary of Myanmar’s economics education.
Patron of the organizing committee Dr Than Nyun spoke words of appreciation while Chairman of the Leading Committee Union Minister for Investment and Foreign Economic Relations Dr Kan Zaw reported on holding the commemorative ceremony.
After the ceremony, the Senior General and party visited the exhibition to mark the centenary celebration of Myanmar’s economics education.
Concerning teaching economics education in Myanmar, the Economics Department was opened under the Social Science Faculty of the Yangon University in 1924. This year falls on the centenary of economics education coincides with the 60th anniversary of the Yangon University of Economics.
Also present at the ceremony were Joint Secretary General Ye Win Oo, council members, Union ministers, Union-level dignitaries, the Nay Pyi Taw Council Chairman, senior Tatmadaw officers from the Office of the Commander-in-Chief, the commander of Nay Pyi Taw Command, deputy ministers, officials and students. — MNA/TTA

Source- The Global New Light of Myanmar

Production development can boost State GDP

The Senior General pledged to arrange investments and fulfilment of other needs to operate agriculture and livestock-based businesses.

Chairman of the Financial Commission Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing said so at the Financial Commission meeting at the SAC Chairman’s Office in Nay Pyi Taw yesterday morning.

The Senior General disclosed that this meeting aims to approve the demand for the additional budget for the Union as well as regions and states in the 2024-25 financial year.

He underscored that only when domestic production increases will import volumes be reduced and will spending foreign currency decline. Only then, domestic currency circulation improves and it will contribute to the stability of the State’s monetary sector.

He instructed Union ministries, and regional and state governments to scrutinize the spending of additional budget on prompt development of the State economy and socioeconomic development of the entire people.

He highlighted that the development of production can help increase the GDP of the State. As the development of agricultural, industrial, service and financial sectors are interrelated, efforts must be made for the improvement of agricultural and livestock sectors.

The Senior General pointed out that it is necessary to consider upgrading airports, repairing railways damaged by natural disasters, and learning opportunities and vocational learning for the offspring of Tatmadaw members and MPF members who sacrificed their lives and limbs in serving duties of State peace and stability and rule of law.

He pledged to arrange investments and fulfilment of other needs to operate agriculture and livestock-based businesses. Priority will be given to fulfil the basic needs of the people in Nay Pyi Taw as well as regions and states this FY and coming FY. He stressed that relevant ministries and regional and state officials need to consider how to provide the full volume of inputs to the agricultural tasks.

The Senior General noted that chicken, pig, goat, cow and fish can be bred in relevant regions, if people really operate their businesses, these sectors can help ensure the food security of the region. Hence, special emphasis must be placed on the welfare of people from basic strata.

The Senior General stressed the need to efficiently allocate the additional budget to Union ministries, regions and states under financial rules and regulations without waste and loss.

Myanmar’s GDP is lower than that of neighbouring and regional countries, so Union-level organizations, regions and states have to strive for an increase in GDP.

Vice-Chairman of the Commission SAC Vice-Chairman Deputy Prime Minister Vice-Senior General Soe Win explained that the National Disaster Management Fund must be provided for rehabilitation for unexpected natural disasters and preventive measures against other disasters, and basic needs and management measures for displaced people and the cash assistance account from the additional budget of the Ministry of Planning and Finance was added with K275 billion. So, the additional budget bill was submitted to seek the approval of the Financial Commission.

Secretary of the Commission Union Minister U Win Shein reported on the additional accounts of the Union, the prepared estimated accounts and the additional budget of the Union for the 2024-25 financial year.

Union Minister for Legal Affairs and Union Attorney-General Dr Thida Oo and Union Auditor-General Dr Khin Naing Oo discussed measures related to the bill and measures to be taken in the future for the findings on the budgets.

The Nay Pyi Taw Council chairman and chief ministers of regions and states reported on their sectors. — MNA/TTA 

Source- The Global New Light of Myanmar

STATE Administration Council Chairman Prime Minister Senior General Min Aung Hlaing met Mr Wang Ning, a member of the Communist Party of China’s Central Committee and Secretary of the Yunnan Provincial Party Committee, at the Haigeng Hotel in Kunming, China, yesterday evening.

The Myanmar delegation, led by the Senior General, was warmly received by Mr Wang Ning, and both parties took commemorative photos to mark the occasion. During the meeting, Mr Wang expressed his firm welcome, highlighting Yunnan Province’s ongoing economic development and the close diplomatic and economic ties shared with Myanmar.

He underscored Yunnan’s interest in expanding cooperation in infrastructure projects, cross-sector collaborations, and joint efforts to address cross-border issues.

Senior General Min Aung Hlaing expressed appreciation for the warm hospitality extended by Yunnan officials.

Noting the upcoming 75th Anniversary of Myanmar-China diplomatic relations, he spoke about the enduring ties between the two nations, especially the significant connection with Yunnan Province. The Senior General stressed the importance of peace and stability along the border to support trade and economic development and called for continued joint efforts to secure the border regions.

He further highlighted Myanmar’s potential for agricultural and resource-based investments to help meet global food security. The Senior General encouraged Yunnan Province to explore investment opportunities in agriculture, renewable resources, education, health, and culture, emphasizing Myanmar’s readiness for collaboration in these areas. He also underscored the need to enhance security measures for smoother exchanges and a stable bilateral framework.

In addition to discussing trade and economic cooperation, the meeting covered potential areas of collaboration in electricity generation and human resource development. SAC members, the Myanmar ambassador to China, and other representatives from both countries attended the meeting. The event concluded with an exchange of gifts and a formal dinner. — MNA/TMT

Source- The Global New Light Of Myanmar

AS there are orders for the production of PyinOoLwin ginger wine, there is demand in the local ginger market.

At present, although the price of ginger is slightly down, there are producers and sellers of ginger wine in PyinOoLwin, so there is demand in the ginger market.

“The price of ginger is falling, and the yield of ginger is still low. Sales depend on the season. The price of ginger will recover around June. The demand will depend on ginger wine. Some produce ginger wine in PyinOoLwin, and they order ginger for wine production,” said a ginger trader in PyinOoLwin Township.

“It’s the dry season in the country. So, sales are good. They sell them on festival days. They make ginger wine all year round. Every year, when ginger is plentiful, they buy ginger and make ginger wine and sell it. The market is not bad. It’s a market that people from all walks of life can buy and drink,” he continued.

At present, because the export of ginger is less, they have to rely on the domestic market. Despite the fall in ginger price, there is only a slight increase in wholesalers’ purchasing price, the farmers said. — Thit Taw/ZN

Source- The Global New Light Of Myanmar

Senior General Min Aung Hlaing underscored that Myanmar-Indian relations benefit technological cooperation and all economic sectors of both countries.

Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing delivered a speech at the ceremony to mark the 60th Anniversary of India Technical and Economic Cooperation 2024 at the Myanmar International Convention Centre II (MICC II) in Nay Pyi Taw yesterday afternoon.

A video clip on India Technical and Economic Cooperation was screened at the ceremony.

First, Indian Ambassador to Myanmar Mr Abhay Thakur explained the progress of India’s Technical and Economic Cooperation and expressed thanks to the Senior General and his wife for attending the ceremony to mark the 60th Anniversary of ITEC. The attendance of the Prime Minister showed the critical role of human resources in the sector-wise development and economic growth of Myanmar. In the coming week, India will organize Diwali Festival. Diwali and Thadingyut lighting festivals reflect friendly relations between Indian and Myanmar peoples. Hence, he prayed for strengthened relations between India and Myanmar and for lasting friendly ties.

Speaking on the occasion, the Senior General said that ITEC is a trademark of India to pledge to nurture human resources for knowledge-sharing, partnership and global development.

He recounted that Myanmar and India established their diplomatic relations on 4 January 1948 with initiatives of close relations throughout history.

The Senior General noted that Myanmar, strategically located in the focal point the Neighbourhood First policy and the Act East policy of India meet, and plays a vital role in Indian diplomacy in the Indo-Pacific region. Geographically, Myanmar, bridging South Asia and Southeast Asia, is a significant country for India, he added.

He unveiled his view that ITEC is an essential force for the South-South Cooperation.

He retold that ITEC has trained more than 200,000 staff from 160 countries in capacity-building courses since 15 September 1964, adding that ITEC is vital for the enhancement of the capacity and skills of public service personnel of Myanmar.

The Senior General expressed his gratitude to the Indian government and officials for offering more than 900 scholarships to students from 2021 to January 2024. Moreover, ITEC arranged electoral capacity-building courses for staff from the Union Election Commission of Myanmar, he added.

He pointed out that Myanmar-Indian relations benefit technological cooperation and all economic sectors of both countries.

The Senior General highlighted that India, standing as the seventh trade partner of Myanmar, conducted a total trade worth US$1,150.181 million with Myanmar up to February of 2023-24 financial year.

Moreover, India stands 11th in the chart of investments for 53 investor countries in Myanmar till January 2024.

The Senior General also expressed gratitude to the Indian government for providing humanitarian aid and relief supplies for Myanmar’s flood-affected people suffering the impacts of Typhoon Yagi, showing its friendly relations and good neighbourliness.

The Senior General disclosed that if Myanmar had a chance to attend the courses on Geographic Information (GIS) and remote sensing technology with the necessary assistance to be applied in disaster risk reduction and early warning system, Myanmar would reduce its loss and damage in the disasters.

A ceremony to exchange the memorandum of understanding on the implementation of the Quick Impact Projects-QIPs between Myanmar and India followed.

In the presence of Senior General Min Aung Hlaing, officials from relevant ministries and the deputy head of mission of the Indian Embassy exchanged the MoUs on the upgrade of a digital criminal science laboratory, provision of teaching aid for Myanmar’s management development school, rural water supply through solar energy in the villages facing water shortage in the dry region of Myanmar, construction of AI laboratory at Yangon University, and the making slow pyrolysis with the use of farming waste and the use of fuel from tar-free biomass pyrolysis experiments as witnesses of Union Minister for Investment and Foreign Economic Relations Dr Kan Zaw and Indian Ambassador Mr Abhay Thakur.

The Senior General, his wife, and attendees enjoyed the cultural dance of students from Swami Vivekananda Cultural Centre (SVCC), the Ramayana dance troupe, and Myanmar traditional dances.

Former trainees of ITEC shared their experiences.

The Senior General and his wife had the dinner to mark the 60th Anniversary of ITEC for 2024 together with attendees.

Also present at the ceremony were SAC Joint Secretary General Ye Win Oo and his wife, council members and their wives, Union ministers, union-level dignitaries and their wives, Indian Ambassador to Myanmar Mr Abhay Thakur and his wife, senior Tatmadaw officers from the Office of the Commander-in-Chief and their wives, deputy ministers, Indian Defence Attachés to Myanmar and embassy officials. — MNA/TTA

Source- The Global New Light Of Myanmar