The Thai central bank has lowered its interest rate by a quarter percentage point in the face of US President Donald Trump's trade tariff measures.
The Bank of Thailand said on Wednesday it cut the rate to 2 percent in its first reduction in four months. Policymakers said the country's economy is subject to "heightened risk from trade policies of major economies," apparently with the US in mind.
The Thai central bank has lowered its interest rate by a quarter percentage point in the face of US President Donald Trump's trade tariff measures.
The Bank of Thailand said on Wednesday it cut the rate to 2 percent in its first reduction in four months. Policymakers said the country's economy is subject to "heightened risk from trade policies of major economies," apparently with the US in mind.
They also projected slower economic growth, as Thai manufacturers, notably automotive and petrochemical makers, are facing intense competition from imported goods.
The Thai central bank had been cautious about rate cuts despite growing calls from political and business leaders.
Other central banks in Asia and Oceania have also cut rates due to growing worries about US tariffs as well as slowing inflation.
Source: NHK World
The Thai central bank has lowered its interest rate by a quarter percentage point in the face of US President Donald Trump's trade tariff measures.
The Bank of Thailand said on Wednesday it cut the rate to 2 percent in its first reduction in four months. Policymakers said the country's economy is subject to "heightened risk from trade policies of major economies," apparently with the US in mind.
They also projected slower economic growth, as Thai manufacturers, notably automotive and petrochemical makers, are facing intense competition from imported goods.
The Thai central bank had been cautious about rate cuts despite growing calls from political and business leaders.
Other central banks in Asia and Oceania have also cut rates due to growing worries about US tariffs as well as slowing inflation.
Source: NHK World
AB InBev, the world’s leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid.
The Belgian-Brazilian firm posted a net profit of $1.77 billion for the year, up by six percent from 2023.
The company’s shares rose by more than six percent in morning trading in Brussels. Sales revenue increased by 2.7 per cent to $59.8 billion.
AB InBev, the world’s leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid.
The Belgian-Brazilian firm posted a net profit of $1.77 billion for the year, up by six percent from 2023.
The company’s shares rose by more than six percent in morning trading in Brussels. Sales revenue increased by 2.7 per cent to $59.8 billion.
That came despite sales sliding 1.4 per cent by volume, with beer volumes down by 1.9 per cent. “While our overall volume performance this year was constrained by the soft consumer environments in China and Argentina, the global beer category remains vibrant with our volumes growing in the majority of our markets and by 0.9 per cent overall when excluding these two countries,” the company said in a statement. — AFP
Source: The Global New Light of Myanmar
AB InBev, the world’s leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid.
The Belgian-Brazilian firm posted a net profit of $1.77 billion for the year, up by six percent from 2023.
The company’s shares rose by more than six percent in morning trading in Brussels. Sales revenue increased by 2.7 per cent to $59.8 billion.
That came despite sales sliding 1.4 per cent by volume, with beer volumes down by 1.9 per cent. “While our overall volume performance this year was constrained by the soft consumer environments in China and Argentina, the global beer category remains vibrant with our volumes growing in the majority of our markets and by 0.9 per cent overall when excluding these two countries,” the company said in a statement. — AFP
Source: The Global New Light of Myanmar
BRICS 2025 Global Agriculture Exhibition and Forum that will take place on 5-7 May 2025 in Moscow, Russia, welcomes the participation of Myanmar business people, companies and business delegates involved in the agriculture and food industry, according to Myanmar Trade Promotion Organization.
The exhibition will be held under the theme of Food Security and Sustainable Agricultural Development, to draft master strategies for bilateral cooperation and build momentum to sign agreements that will reap a fruitful result in the long term.
BRICS 2025 Global Agriculture Exhibition and Forum that will take place on 5-7 May 2025 in Moscow, Russia, welcomes the participation of Myanmar business people, companies and business delegates involved in the agriculture and food industry, according to Myanmar Trade Promotion Organization.
The exhibition will be held under the theme of Food Security and Sustainable Agricultural Development, to draft master strategies for bilateral cooperation and build momentum to sign agreements that will reap a fruitful result in the long term.
The BRICS 2025 Global Agriculture Exhibition and Forum is expected to attract high-ranking officials from Russia and over 15,000 visitors, with the participation of over 500 companies.
The exhibition will feature soil management for sustainable agriculture, pesticide products for agricultural production, synthetic fertilizer, organic fertilizer, livestock machinery, machines utilized in processing ready-made meat products, water treatment factory and ventilation systems, equipment used in commercial fish breeding businesses, crop production and storage system, biofuel from organic waste, turning trash into organic fertilizer system, chemical composition of feedstuffs including fruits and vegetables, dairy products, feedstuffs, nuts and supplement.
The expo offers a VIP package for 25,000 Russian roubles per square metre and a package for foreign delegations for 30,000 roubles per square metre. That expo space is 50 by 150 square metres area that can accommodate about 70 10 by 10 square feet standard booths.
Five representatives can enjoy expo participation, lunch and coffee, engagement in a forum, getting a taste of the latest menu and beverages, exchange and discussions, offering a visual display of their business through Display Screens, interview with media outlets, participation in the BRICS 2025 Catalogue and other interesting programmes.
For the package of foreign delegations, exhibition space is 100-150 square metres area covering over 150 10 by 10 feet standard booths. Five representatives will enjoy the same benefits, plus becoming a food judge and advertisement of their products on display screens.
Interested Myanmar business people can contact the Myanmar Trade Promotion Organization at 067 408622 and email: event.td.myantrade@gmail.com. — NN/KK
Source: The Global New Light of Myanmar
BRICS 2025 Global Agriculture Exhibition and Forum that will take place on 5-7 May 2025 in Moscow, Russia, welcomes the participation of Myanmar business people, companies and business delegates involved in the agriculture and food industry, according to Myanmar Trade Promotion Organization.
The exhibition will be held under the theme of Food Security and Sustainable Agricultural Development, to draft master strategies for bilateral cooperation and build momentum to sign agreements that will reap a fruitful result in the long term.
The BRICS 2025 Global Agriculture Exhibition and Forum is expected to attract high-ranking officials from Russia and over 15,000 visitors, with the participation of over 500 companies.
The exhibition will feature soil management for sustainable agriculture, pesticide products for agricultural production, synthetic fertilizer, organic fertilizer, livestock machinery, machines utilized in processing ready-made meat products, water treatment factory and ventilation systems, equipment used in commercial fish breeding businesses, crop production and storage system, biofuel from organic waste, turning trash into organic fertilizer system, chemical composition of feedstuffs including fruits and vegetables, dairy products, feedstuffs, nuts and supplement.
The expo offers a VIP package for 25,000 Russian roubles per square metre and a package for foreign delegations for 30,000 roubles per square metre. That expo space is 50 by 150 square metres area that can accommodate about 70 10 by 10 square feet standard booths.
Five representatives can enjoy expo participation, lunch and coffee, engagement in a forum, getting a taste of the latest menu and beverages, exchange and discussions, offering a visual display of their business through Display Screens, interview with media outlets, participation in the BRICS 2025 Catalogue and other interesting programmes.
For the package of foreign delegations, exhibition space is 100-150 square metres area covering over 150 10 by 10 feet standard booths. Five representatives will enjoy the same benefits, plus becoming a food judge and advertisement of their products on display screens.
Interested Myanmar business people can contact the Myanmar Trade Promotion Organization at 067 408622 and email: event.td.myantrade@gmail.com. — NN/KK
Source: The Global New Light of Myanmar
ELON Musk’s Department of Government Efficiency (DOGE) has sparked alarm by seeking access to a system with the US tax office that has detailed financial data about millions of Americans, US media reported.
Spearheaded by Musk, the world’s richest man, US President Donald Trump has embarked on a campaign to slash public spending deemed wasteful or contrary to his policies.
The Washington Post and others reported that the latest request is for DOGE officials to have broad access to Internal Revenue Service (IRS) systems, property and datasets.
ELON Musk’s Department of Government Efficiency (DOGE) has sparked alarm by seeking access to a system with the US tax office that has detailed financial data about millions of Americans, US media reported.
Spearheaded by Musk, the world’s richest man, US President Donald Trump has embarked on a campaign to slash public spending deemed wasteful or contrary to his policies.
The Washington Post and others reported that the latest request is for DOGE officials to have broad access to Internal Revenue Service (IRS) systems, property and datasets.
This includes the Integrated Data Retrieval System (IDRS), access to which is usually extremely limited and which offers “instantaneous visual access to certain taxpayer accounts”, according to the IRS.
As of Sunday evening, the request had not been granted, the reports said. But it has sparked alarm within the government and among privacy experts who say granting Musk access to private taxpayer data could be extraordinarily dangerous, according to ABC News. — AFP
Source: The Global New Light of Myanmar
ELON Musk’s Department of Government Efficiency (DOGE) has sparked alarm by seeking access to a system with the US tax office that has detailed financial data about millions of Americans, US media reported.
Spearheaded by Musk, the world’s richest man, US President Donald Trump has embarked on a campaign to slash public spending deemed wasteful or contrary to his policies.
The Washington Post and others reported that the latest request is for DOGE officials to have broad access to Internal Revenue Service (IRS) systems, property and datasets.
This includes the Integrated Data Retrieval System (IDRS), access to which is usually extremely limited and which offers “instantaneous visual access to certain taxpayer accounts”, according to the IRS.
As of Sunday evening, the request had not been granted, the reports said. But it has sparked alarm within the government and among privacy experts who say granting Musk access to private taxpayer data could be extraordinarily dangerous, according to ABC News. — AFP
Source: The Global New Light of Myanmar
THE farmers say that turmeric roots, which are used as a mosquito repellent, are a good sale item for them. “It is good for the farmers.
It is easy to deliver. We dig and sell them by ourselves without brokers. It is not bad. There is already a market for it, so it is good for the farmers and we can grow it on a small scale,” said a turmeric farmer in Hinthada Township.
They will start digging turmeric roots this month, and sell them directly to the Bayintnaung warehouses, without going through brokers.
THE farmers say that turmeric roots, which are used as a mosquito repellent, are a good sale item for them. “It is good for the farmers.
It is easy to deliver. We dig and sell them by ourselves without brokers. It is not bad. There is already a market for it, so it is good for the farmers and we can grow it on a small scale,” said a turmeric farmer in Hinthada Township.
They will start digging turmeric roots this month, and sell them directly to the Bayintnaung warehouses, without going through brokers.
“We will dig them by the end of this month. Our farmers in Hinthada do not sell turmeric roots to brokers. They sell it directly at the Bayintnaung market in Yangon. We boil and dry turmeric roots in the sun. It is used as a mosquito repellent,” he added.
Turmeric grows naturally in many parts of Myanmar. It is also cultivated commercially.
The turmeric powder is used as a spice, and some use turmeric roots to make mosquito repellents. It grows during the rainy season, blooms in the months of Waso and Wakhaung, and harvested plants are sold as turmeric powder or roots. —Thit Taw/ZN
Source: The Global New Light of Myanmar
THE farmers say that turmeric roots, which are used as a mosquito repellent, are a good sale item for them. “It is good for the farmers.
It is easy to deliver. We dig and sell them by ourselves without brokers. It is not bad. There is already a market for it, so it is good for the farmers and we can grow it on a small scale,” said a turmeric farmer in Hinthada Township.
They will start digging turmeric roots this month, and sell them directly to the Bayintnaung warehouses, without going through brokers.
“We will dig them by the end of this month. Our farmers in Hinthada do not sell turmeric roots to brokers. They sell it directly at the Bayintnaung market in Yangon. We boil and dry turmeric roots in the sun. It is used as a mosquito repellent,” he added.
Turmeric grows naturally in many parts of Myanmar. It is also cultivated commercially.
The turmeric powder is used as a spice, and some use turmeric roots to make mosquito repellents. It grows during the rainy season, blooms in the months of Waso and Wakhaung, and harvested plants are sold as turmeric powder or roots. —Thit Taw/ZN
Source: The Global New Light of Myanmar
NAY PYI TAW February 14
Prize-presentation ceremony of union-level MSME products fair and competition was held at Taboung grounds of Uppatasanti Pagoda here this late afternoon, attended by Chairman of MSME Development Work Committee Vice Chairman of State Administration Council Deputy Prime Minister Vice-Senior General Soe Win.
NAY PYI TAW February 14
Prize-presentation ceremony of union-level MSME products fair and competition was held at Taboung grounds of Uppatasanti Pagoda here this late afternoon, attended by Chairman of MSME Development Work Committee Vice Chairman of State Administration Council Deputy Prime Minister Vice-Senior General Soe Win.
Also present were union ministers, union level dignitaries, senior military officers from the Office of the Commander-in- Chief, deputy ministers, MSME agency chairs from regions and states and officials,officials of associations, exhibition in-charges, heads of department, and local people.
Nay Pyi Taw Council Chair U Than Tun Oo presented special awards for MSME ideal products (food, personal goods, woven fabric, handicraft items) to 12 winners, and Union Minister for Science and Technology Dr Myo Thein Kyaw, special awards for production cooperative society performance to five winners and micro business to five winners.
Union Minister for Commerce U Tun Ohn presented honorary medals, certificates and cash awards to five small enterprises special awards winners and five medium enterprises special award winners, Union Minister for Industry U Charlie Than presented honorary medals, certificates and cash to best one region one product (OROP) award winners, contestants of Magway Region, Mandalay Region, Mon State, Rakhine State, Yangon Region, Shan State, Ayeyawady Region and Union Territory.
Union Minister for Cooperatives and Rural Development U Hla Moe presented honorary medals, certificates and cash awards to best OROP award winners, contestants of Kachin State, Kayah State, Kayin State, Chin State, Sagaing Region, Taninthayi Region and Bago Region, Union Minister for Agriculture, Livestock and Irrigation U Min Naung presented honorary medals, certificates and cash awards for micro enterprise ideal products (food, personal goods, woven fabric, handicraft items) awards to four winners, and to third prize winners for micro enterprises performance competition, Daw Phyu Phyu Ou of “Withakha” Incense Stick and personal goods enterprise, Yangon Region, for micro enterprises performance competition, U Hlaing Moe of “HMG”vehicle air filter checkers enterprise, Mandalay Region, for medium enterprises performance competition to U Soe Moe Naing of “Myanmar Atlantic” Co Ltd, Taninthayi Region, and for cooperative society performance competition, officials of “Thar Tin Oo” general business cooperative society, Union Territory Nay Pyi Taw.
Union Minister for Planning and Finance U Win Shein presented honorary medals, certificates and cash awards for second prize winners in micro enterprise performance competition to Daw Malar San of “M-Treasure” betel nut leave production enterprise, Ayeyawady Region, for second prize winners in micro enterprise performance competition to U Zin Myo Htaik of “MG Myanmar Gasket” production enterprise, Yangon Region, for second prize winners in medium enterprise performance competition to Daw Lae Lae Oo of “Myanmar Shwe Fruits” Co Ltd, Union Territory Nay Pyi Taw, and for second prize winners in production cooperative society performance competition to officials of “Thirisanda” garment and general trade cooperative society, Yangon Region.
Then, the Vice-Senior General Soe Win presented honorary medals and certificates and cash rewards to the first prize winners of micro-, small- and medium enterprises and manufacturing cooperatives performance including Daw May Hnin Way of “Healthy & Happy” foodstuff industry in Mandalay Region for micro-enterprises, U Pyae Phyo Hlaing of “Thansin Nay La” (Sun and Moon Melody) honey purifying factory in Sagaing Region for small-enterprises, U HtooWai of “Thalawaddy” Company Ltd., in Yangon Region for medium-enterprises and an official from “Anawrahta” Edible Oil Mill of Nyaung-U Township cooperatives organization of Mandalay Region.
After the prize presentation ceremony, the Vice-Senior General cordially greeted and congratulated the prize winners. The union-level MSME products exhibition and competition was held with the aims of enhancing cooperation among MSMEs in respective states and regions and fulfillment of the needs of a region by another region in the production chain by identifying advantages and disadvantages, highlighting the need for manufacturing entrepreneurs to understand and work towards the concept of “Better products at cheaper prices and the same products of higher quality”, promoting the success of measures for one region, one product in respective regions and states, constantly boosting the production and services of MSMEs, replacing imports with domestic new value-added products and expanding the export market, encouraging B2B links with MSMEs and local and foreign investors, offering model product prizes and contributing to the last-long operations of MSMEs.
The exhibition is underway for 10 to 16 February, featuring 96 booths of ministries, states and regions, stalls for traditional food of national races and booths for enterprises linking with MSMEs, services available for mutual contacts between Myanmar exporters and Myanmar commercial counsellors in other countries, services for commercial ads provided by the Ministry of Information for entrepreneurs, foreign machinery and products and products of micro-enterprises and cooperatives.
A total of 63 prizes under seven prize categories were offered at the competition and digital trophies, honorary certificates and cash prizes worth Ks-75 million were offered to reflect the digital transformation practically at the prize presentation ceremony. Prize presenters will make cash transfers for the cash prizes through the digital payment system and recipients will receive them in their E-banking accounts.
Source: Myawady Web Portal
NAY PYI TAW February 14
Prize-presentation ceremony of union-level MSME products fair and competition was held at Taboung grounds of Uppatasanti Pagoda here this late afternoon, attended by Chairman of MSME Development Work Committee Vice Chairman of State Administration Council Deputy Prime Minister Vice-Senior General Soe Win.
Also present were union ministers, union level dignitaries, senior military officers from the Office of the Commander-in- Chief, deputy ministers, MSME agency chairs from regions and states and officials,officials of associations, exhibition in-charges, heads of department, and local people.
Nay Pyi Taw Council Chair U Than Tun Oo presented special awards for MSME ideal products (food, personal goods, woven fabric, handicraft items) to 12 winners, and Union Minister for Science and Technology Dr Myo Thein Kyaw, special awards for production cooperative society performance to five winners and micro business to five winners.
Union Minister for Commerce U Tun Ohn presented honorary medals, certificates and cash awards to five small enterprises special awards winners and five medium enterprises special award winners, Union Minister for Industry U Charlie Than presented honorary medals, certificates and cash to best one region one product (OROP) award winners, contestants of Magway Region, Mandalay Region, Mon State, Rakhine State, Yangon Region, Shan State, Ayeyawady Region and Union Territory.
Union Minister for Cooperatives and Rural Development U Hla Moe presented honorary medals, certificates and cash awards to best OROP award winners, contestants of Kachin State, Kayah State, Kayin State, Chin State, Sagaing Region, Taninthayi Region and Bago Region, Union Minister for Agriculture, Livestock and Irrigation U Min Naung presented honorary medals, certificates and cash awards for micro enterprise ideal products (food, personal goods, woven fabric, handicraft items) awards to four winners, and to third prize winners for micro enterprises performance competition, Daw Phyu Phyu Ou of “Withakha” Incense Stick and personal goods enterprise, Yangon Region, for micro enterprises performance competition, U Hlaing Moe of “HMG”vehicle air filter checkers enterprise, Mandalay Region, for medium enterprises performance competition to U Soe Moe Naing of “Myanmar Atlantic” Co Ltd, Taninthayi Region, and for cooperative society performance competition, officials of “Thar Tin Oo” general business cooperative society, Union Territory Nay Pyi Taw.
Union Minister for Planning and Finance U Win Shein presented honorary medals, certificates and cash awards for second prize winners in micro enterprise performance competition to Daw Malar San of “M-Treasure” betel nut leave production enterprise, Ayeyawady Region, for second prize winners in micro enterprise performance competition to U Zin Myo Htaik of “MG Myanmar Gasket” production enterprise, Yangon Region, for second prize winners in medium enterprise performance competition to Daw Lae Lae Oo of “Myanmar Shwe Fruits” Co Ltd, Union Territory Nay Pyi Taw, and for second prize winners in production cooperative society performance competition to officials of “Thirisanda” garment and general trade cooperative society, Yangon Region.
Then, the Vice-Senior General Soe Win presented honorary medals and certificates and cash rewards to the first prize winners of micro-, small- and medium enterprises and manufacturing cooperatives performance including Daw May Hnin Way of “Healthy & Happy” foodstuff industry in Mandalay Region for micro-enterprises, U Pyae Phyo Hlaing of “Thansin Nay La” (Sun and Moon Melody) honey purifying factory in Sagaing Region for small-enterprises, U HtooWai of “Thalawaddy” Company Ltd., in Yangon Region for medium-enterprises and an official from “Anawrahta” Edible Oil Mill of Nyaung-U Township cooperatives organization of Mandalay Region.
After the prize presentation ceremony, the Vice-Senior General cordially greeted and congratulated the prize winners. The union-level MSME products exhibition and competition was held with the aims of enhancing cooperation among MSMEs in respective states and regions and fulfillment of the needs of a region by another region in the production chain by identifying advantages and disadvantages, highlighting the need for manufacturing entrepreneurs to understand and work towards the concept of “Better products at cheaper prices and the same products of higher quality”, promoting the success of measures for one region, one product in respective regions and states, constantly boosting the production and services of MSMEs, replacing imports with domestic new value-added products and expanding the export market, encouraging B2B links with MSMEs and local and foreign investors, offering model product prizes and contributing to the last-long operations of MSMEs.
The exhibition is underway for 10 to 16 February, featuring 96 booths of ministries, states and regions, stalls for traditional food of national races and booths for enterprises linking with MSMEs, services available for mutual contacts between Myanmar exporters and Myanmar commercial counsellors in other countries, services for commercial ads provided by the Ministry of Information for entrepreneurs, foreign machinery and products and products of micro-enterprises and cooperatives.
A total of 63 prizes under seven prize categories were offered at the competition and digital trophies, honorary certificates and cash prizes worth Ks-75 million were offered to reflect the digital transformation practically at the prize presentation ceremony. Prize presenters will make cash transfers for the cash prizes through the digital payment system and recipients will receive them in their E-banking accounts.
Source: Myawady Web Portal
WITH the elevated temperature, the consumption of watermelon has increased, helping the sale of watermelon expanded internally. The temperature has started rising from this month, meanwhile, watermelon trade has mounted as people buy it for eating, or reselling or making juice as watermelon is a fruit which improves hydration.
WITH the elevated temperature, the consumption of watermelon has increased, helping the sale of watermelon expanded internally. The temperature has started rising from this month, meanwhile, watermelon trade has mounted as people buy it for eating, or reselling or making juice as watermelon is a fruit which improves hydration.
“In summer, people enjoy eating watermelon so the trade is usually high when the weather is hot. Now, there are people who buy watermelon for eating, reselling or making juice,” said a watermelon sell er from Danyingone market.
As overseas market, watermelon export goes to China through land borders, and under the current situation, the watermelon trade has been promising in the domestic market too, said an official from the Khwanyo fruits trading wholesale centre.
Watermelon contains many health benefits and rich in nutrients such as Vitamin A and C, potassium and magnesium and it is perfect to eat in summer. — MT/ZS
Source: The Global New Light of Myanmar
WITH the elevated temperature, the consumption of watermelon has increased, helping the sale of watermelon expanded internally. The temperature has started rising from this month, meanwhile, watermelon trade has mounted as people buy it for eating, or reselling or making juice as watermelon is a fruit which improves hydration.
“In summer, people enjoy eating watermelon so the trade is usually high when the weather is hot. Now, there are people who buy watermelon for eating, reselling or making juice,” said a watermelon sell er from Danyingone market.
As overseas market, watermelon export goes to China through land borders, and under the current situation, the watermelon trade has been promising in the domestic market too, said an official from the Khwanyo fruits trading wholesale centre.
Watermelon contains many health benefits and rich in nutrients such as Vitamin A and C, potassium and magnesium and it is perfect to eat in summer. — MT/ZS
Source: The Global New Light of Myanmar
ALTHOUGH the grapes from Yamethin in Mandalay Region are in low production, there are orders from all over the country, said Ko Nanda Aung, a grape wholesaler.
“The price is good com pared to last year. Trading is not very brisk. Sales are not active due to poor road con nections and prices. This year, the yield is low, not as much as last year. The low yield means a high price. Orders are placed from all areas with road connectivity. Yangon is the largest buyer,” he said.
ALTHOUGH the grapes from Yamethin in Mandalay Region are in low production, there are orders from all over the country, said Ko Nanda Aung, a grape wholesaler.
“The price is good com pared to last year. Trading is not very brisk. Sales are not active due to poor road con nections and prices. This year, the yield is low, not as much as last year. The low yield means a high price. Orders are placed from all areas with road connectivity. Yangon is the largest buyer,” he said.
Last year, the rain-fed grapes from Yamethin harvested during the rainy sea son were sold in Yangon, Mawlamyine and Mandalay, with Yangon making the most orders, however, its price was not as good as the summer grapes.
Last December, the first grapes in the vineyards were sold at a good price, and the prices fell as the other farms also produced fruits. — Thit Taw/ZN
Source: The Global New Light of Myanmar
ALTHOUGH the grapes from Yamethin in Mandalay Region are in low production, there are orders from all over the country, said Ko Nanda Aung, a grape wholesaler.
“The price is good com pared to last year. Trading is not very brisk. Sales are not active due to poor road con nections and prices. This year, the yield is low, not as much as last year. The low yield means a high price. Orders are placed from all areas with road connectivity. Yangon is the largest buyer,” he said.
Last year, the rain-fed grapes from Yamethin harvested during the rainy sea son were sold in Yangon, Mawlamyine and Mandalay, with Yangon making the most orders, however, its price was not as good as the summer grapes.
Last December, the first grapes in the vineyards were sold at a good price, and the prices fell as the other farms also produced fruits. — Thit Taw/ZN
Source: The Global New Light of Myanmar
CHINA is accelerating the market-oriented re form of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation.
The National Development and Reform Com mission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice on deepening the pricing re form for electricity generated from renewable energy.
CHINA is accelerating the market-oriented re form of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation.
The National Development and Reform Com mission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice on deepening the pricing re form for electricity generated from renewable energy.
The reform focuses on three key aspects: allowing market forces to determine renewable power pricing, establishing a pricing and settlement mechanism that supports the long-term sustainability, and adopting differentiated policies for existing and new pro jects.
“This new pricing policy will significantly accelerate the construction of a modern power system and ensure the sustainable development of renewable energy,” said Zhang Dayong, deputy secretary-general of the China Association for the Promotion of Indus trial Development.
Industry experts believe this reform is essential as China enters a new stage of renewable energy development.
China highly values the new energy sector, such as wind and solar power, rolling out an array of favourable pol icies spanning pricing, finance and industry. The supportive measures, including a fixed pricing mechanism, have led to exponential growth in re newable energy capacity.
At the end of 2024, the country’s total installed renewable power capacity reached 1.41 billion kilowatts, accounting for over 40 per cent of its total electricity capacity and surpassing coal-fired power installations.
Despite this rapid expansion, the existing fixed-pricing mechanism for renewable power has struggled to reflect real market supply and demand dynamics.
Conditions are now ripe to shift to market-based pricing, analysts said, citing falling power generation costs and an evolving market and predicting that the re form will enhance industry efficiency and ensure sustainable high-quality growth. — Xinhua
Source: The Global New Light of Myanmar
CHINA is accelerating the market-oriented re form of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation.
The National Development and Reform Com mission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice on deepening the pricing re form for electricity generated from renewable energy.
The reform focuses on three key aspects: allowing market forces to determine renewable power pricing, establishing a pricing and settlement mechanism that supports the long-term sustainability, and adopting differentiated policies for existing and new pro jects.
“This new pricing policy will significantly accelerate the construction of a modern power system and ensure the sustainable development of renewable energy,” said Zhang Dayong, deputy secretary-general of the China Association for the Promotion of Indus trial Development.
Industry experts believe this reform is essential as China enters a new stage of renewable energy development.
China highly values the new energy sector, such as wind and solar power, rolling out an array of favourable pol icies spanning pricing, finance and industry. The supportive measures, including a fixed pricing mechanism, have led to exponential growth in re newable energy capacity.
At the end of 2024, the country’s total installed renewable power capacity reached 1.41 billion kilowatts, accounting for over 40 per cent of its total electricity capacity and surpassing coal-fired power installations.
Despite this rapid expansion, the existing fixed-pricing mechanism for renewable power has struggled to reflect real market supply and demand dynamics.
Conditions are now ripe to shift to market-based pricing, analysts said, citing falling power generation costs and an evolving market and predicting that the re form will enhance industry efficiency and ensure sustainable high-quality growth. — Xinhua
Source: The Global New Light of Myanmar
Union-level MSME Product Exhibition and Competition aim to produce value-added products at home as import-substitute goods and penetrate foreign markets.
Union-level MSME Product Exhibition and Competition aim to produce value-added products at home as import-substitute goods and penetrate foreign markets.
A ceremony to open the Union-level MSME Product Exhibition and Competition took place at Tabaung Ground near the Uppatasanti Pagoda in Nay Pyi Taw yesterday morning, attended by Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing.
Chairman of the Micro, Small and Medium Enterprise Development Work Committee SAC Vice-Chairman Deputy Prime Minister Vice-Senior General Soe Win, Union Ministers U Win Shein, U Min Naung. U Hla Moe, Dr Charlie Than, Dr Myo Thein Kyaw and Nay Pyi Taw Council Chairman U Than Tun Oo cut the ceremonial ribbon to open the expo.
The Senior General pressed the button to inaugurate the expo.
At the opening ceremony, the Senior General and attendees enjoyed the dance performances of traditional cultural troupes with the song in honour of the opening of the expo in commemoration of the 78th Anniversary of Union Day.
The Senior General and his entourage interestingly visited the ministerial booths, and MSME booths of regions and states and asked about matters related to products, discussed work process of relevant products, use of raw materials, manufacturing of products, market shares at home and abroad, requirements of workplaces, and potentials to extend distribution of products domestically and internationally and fulfilled the needs.
In the afternoon, the Senior General viewed round MSME products at the booths of Mandalay Region, Ministry of Information, Business Matching Hall, Myanmar Banks Association, Digital Corner, Myanmar Economic Holding Public Company Limited, Myanmar Economic Corporation, Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, Myanmar Traditional Medicine Producers and Medical Entrepreneurs Association and Myanmar Oil Millers Association and asked about production, supply of raw materials, grasping foreign market shars, more distribution of products at home and abroad, and gave guidance. They rode buggies to view round products displayed by small-scale industries and manufacturing cooperative societies.
Also present at the ceremony were Daw Than Than Nwe, wife of the Vice-Senior General, Council Joint Secretary General Ye Win Oo, council members and their wives, Union ministers and their wives, Union-level dignitaries and their wives, chief ministers of regions and states and their wives, senior Tatmadaw officers from the Office of the Commander-in-Chief and their wives, deputy ministers and officials.
The expo will last for five days from 10 to 14 February, at Tabaung Ground, south of Uppatasanti Pagoda in Nay Pyi Taw. The expo aims to develop cooperation among MSMEs in regions and states to fulfil requirements for each other in the production chain and analyze strong and weak points, to help businesspersons seek the significant points for manufacturing better quality products at fair prices than others, to encourage successful implementation of the One Region One Product scheme, to continuously enhance products and services of MSMEs, to produce value-added products at home as import-substitute goods and penetrate foreign markets, to further cooperate between MSMEs and local and foreign investors, to honour model product awards to MSMEs and contribute to long-standing of MSME.
The expo features product sales at 96 booths of ministries, regions and states, traditional food stalls of ethnic people, business matching process, technological booths, foreign machinery and products, small-scale industries and manufacturing cooperative societies.
Plans are underway to present digital trophies, certificates of appreciation and cash awards for products to winners in 31 genres in the product competition. Cash award winners can take cash from e-banking through the digital payment system. — MNA/TTA
Source: The Global New Light of Myanmar
Union-level MSME Product Exhibition and Competition aim to produce value-added products at home as import-substitute goods and penetrate foreign markets.
A ceremony to open the Union-level MSME Product Exhibition and Competition took place at Tabaung Ground near the Uppatasanti Pagoda in Nay Pyi Taw yesterday morning, attended by Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing.
Chairman of the Micro, Small and Medium Enterprise Development Work Committee SAC Vice-Chairman Deputy Prime Minister Vice-Senior General Soe Win, Union Ministers U Win Shein, U Min Naung. U Hla Moe, Dr Charlie Than, Dr Myo Thein Kyaw and Nay Pyi Taw Council Chairman U Than Tun Oo cut the ceremonial ribbon to open the expo.
The Senior General pressed the button to inaugurate the expo.
At the opening ceremony, the Senior General and attendees enjoyed the dance performances of traditional cultural troupes with the song in honour of the opening of the expo in commemoration of the 78th Anniversary of Union Day.
The Senior General and his entourage interestingly visited the ministerial booths, and MSME booths of regions and states and asked about matters related to products, discussed work process of relevant products, use of raw materials, manufacturing of products, market shares at home and abroad, requirements of workplaces, and potentials to extend distribution of products domestically and internationally and fulfilled the needs.
In the afternoon, the Senior General viewed round MSME products at the booths of Mandalay Region, Ministry of Information, Business Matching Hall, Myanmar Banks Association, Digital Corner, Myanmar Economic Holding Public Company Limited, Myanmar Economic Corporation, Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, Myanmar Traditional Medicine Producers and Medical Entrepreneurs Association and Myanmar Oil Millers Association and asked about production, supply of raw materials, grasping foreign market shars, more distribution of products at home and abroad, and gave guidance. They rode buggies to view round products displayed by small-scale industries and manufacturing cooperative societies.
Also present at the ceremony were Daw Than Than Nwe, wife of the Vice-Senior General, Council Joint Secretary General Ye Win Oo, council members and their wives, Union ministers and their wives, Union-level dignitaries and their wives, chief ministers of regions and states and their wives, senior Tatmadaw officers from the Office of the Commander-in-Chief and their wives, deputy ministers and officials.
The expo will last for five days from 10 to 14 February, at Tabaung Ground, south of Uppatasanti Pagoda in Nay Pyi Taw. The expo aims to develop cooperation among MSMEs in regions and states to fulfil requirements for each other in the production chain and analyze strong and weak points, to help businesspersons seek the significant points for manufacturing better quality products at fair prices than others, to encourage successful implementation of the One Region One Product scheme, to continuously enhance products and services of MSMEs, to produce value-added products at home as import-substitute goods and penetrate foreign markets, to further cooperate between MSMEs and local and foreign investors, to honour model product awards to MSMEs and contribute to long-standing of MSME.
The expo features product sales at 96 booths of ministries, regions and states, traditional food stalls of ethnic people, business matching process, technological booths, foreign machinery and products, small-scale industries and manufacturing cooperative societies.
Plans are underway to present digital trophies, certificates of appreciation and cash awards for products to winners in 31 genres in the product competition. Cash award winners can take cash from e-banking through the digital payment system. — MNA/TTA
Source: The Global New Light of Myanmar