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.
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
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
Business news / Business-International news - Tue, 10-Dec-2024
ECONOMISTS have warned that US President-elect Donald Trump’s proposed tariffs could trigger retaliatory measures, leading to significant losses for California’s agriculture industry, The Los Angeles Times reported on Sunday. A recent analysis, published by the University of California’s Giannini Foundation of Agricultural Economics, examined potential scenarios involving tariffs and retaliation.
ECONOMISTS have warned that US President-elect Donald Trump’s proposed tariffs could trigger retaliatory measures, leading to significant losses for California’s agriculture industry, The Los Angeles Times reported on Sunday. A recent analysis, published by the University of California’s Giannini Foundation of Agricultural Economics, examined potential scenarios involving tariffs and retaliation.
If a major trade war were to erupt, the report said, California’s agricultural exports could decline by as much as 25 per cent, resulting in annual losses of up to US$6 billion. California’s agricultural sector generates billions of dollars from exporting products such as pistachios, wine, and other goods to countries including China, Mexico, and Canada.
The study also pointed to some of the most vulnerable commodities, including pistachios, dairy products, wine, and almonds, all of which are exported in large quantities to China.
Researchers from the University of California, Davis, and North Dakota State University identified these products as especially at risk in the event of a trade war. “The worst-case scenario is pretty bleak,” Sandro Steinbach, director of North Dakota State University’s Centre for Agricultural Policy and Trade Studies was quoted as saying. “Basically, tariffs are harmful to US agriculture, and to California agriculture in particular, because they will invite tariff retaliation.” — Xinhua
Source- The Global New Light of Myanmar
ECONOMISTS have warned that US President-elect Donald Trump’s proposed tariffs could trigger retaliatory measures, leading to significant losses for California’s agriculture industry, The Los Angeles Times reported on Sunday. A recent analysis, published by the University of California’s Giannini Foundation of Agricultural Economics, examined potential scenarios involving tariffs and retaliation.
If a major trade war were to erupt, the report said, California’s agricultural exports could decline by as much as 25 per cent, resulting in annual losses of up to US$6 billion. California’s agricultural sector generates billions of dollars from exporting products such as pistachios, wine, and other goods to countries including China, Mexico, and Canada.
The study also pointed to some of the most vulnerable commodities, including pistachios, dairy products, wine, and almonds, all of which are exported in large quantities to China.
Researchers from the University of California, Davis, and North Dakota State University identified these products as especially at risk in the event of a trade war. “The worst-case scenario is pretty bleak,” Sandro Steinbach, director of North Dakota State University’s Centre for Agricultural Policy and Trade Studies was quoted as saying. “Basically, tariffs are harmful to US agriculture, and to California agriculture in particular, because they will invite tariff retaliation.” — Xinhua
Source- The Global New Light of Myanmar
Business news / Business-Local news - Mon, 9-Dec-2024
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.
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
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
Business news / Business-International news - Mon, 9-Dec-2024
Christmas ads have become a cultural phenomenon in Britain, captivating audiences and driving economic growth
Christmas ads have become a cultural phenomenon in Britain, captivating audiences and driving economic growth
THEY come with big budgets, are wrapped in sentimentality and boost company revenues — Britain’s latest installment of eagerly awaited Christmas television advertisements has a nation tuned in.
Known for talking about the weather 12 months a year, Britons will begin sharing thoughts on the latest festive commercials as soon as they hit screens, usually once the Halloween pumpkins are discarded.
“It’s the time of year when media budgets swell, and creative teams pull out all the stops to deliver memorable messaging that resonates,” noted James McDonald, director of data, intelligence & forecasting at marketing strategists WARC. Companies are to spend a record £10.5 billion ($13.3 billion) on mostly online UK promotion of products during the present Christmas season, according to data from WARC and the Advertising Association, a British trade body. “Brands know that a well-crafted Christmas campaign can boost salience, anchor loyalty and drive impressive sales results,” McDonald added.
Tesco’s 2024 Christmas ad transforms people, animals, and buildings into gingerbread, blending nostalgia, family grief, and festive joy. The campaign supports food charities, with sales from gingerbread items contributing to these efforts. Tesco reported an 8.1 per cent increase in UK sales during its third-quarter and Christmas period, reaching £16.8 billion. Richard Lim, CEO of Retail Economics, highlighted the complexity of measuring ad ROI but noted that flagship campaigns effectively leverage multiple platforms. — AFP
Source- The Global New Light of Myanmar
Christmas ads have become a cultural phenomenon in Britain, captivating audiences and driving economic growth
THEY come with big budgets, are wrapped in sentimentality and boost company revenues — Britain’s latest installment of eagerly awaited Christmas television advertisements has a nation tuned in.
Known for talking about the weather 12 months a year, Britons will begin sharing thoughts on the latest festive commercials as soon as they hit screens, usually once the Halloween pumpkins are discarded.
“It’s the time of year when media budgets swell, and creative teams pull out all the stops to deliver memorable messaging that resonates,” noted James McDonald, director of data, intelligence & forecasting at marketing strategists WARC. Companies are to spend a record £10.5 billion ($13.3 billion) on mostly online UK promotion of products during the present Christmas season, according to data from WARC and the Advertising Association, a British trade body. “Brands know that a well-crafted Christmas campaign can boost salience, anchor loyalty and drive impressive sales results,” McDonald added.
Tesco’s 2024 Christmas ad transforms people, animals, and buildings into gingerbread, blending nostalgia, family grief, and festive joy. The campaign supports food charities, with sales from gingerbread items contributing to these efforts. Tesco reported an 8.1 per cent increase in UK sales during its third-quarter and Christmas period, reaching £16.8 billion. Richard Lim, CEO of Retail Economics, highlighted the complexity of measuring ad ROI but noted that flagship campaigns effectively leverage multiple platforms. — AFP
Source- The Global New Light of Myanmar
Business news / Business-International news - Thu, 5-Dec-2024
To boost EV adoption, the government has renewed its EV policy, offering road tax exemptions for electric vehicles.
To boost EV adoption, the government has renewed its EV policy, offering road tax exemptions for electric vehicles.
DELHI Chief Minister Atishi Marlena has declared that the national capital has emerged as the Electric Vehicle (EV) capital of India. Highlighting the city’s progress in promoting clean and green mobility, she revealed that Delhi boasts the highest number of registered EVs in the country.
“Delhi has become the EV capital of the country. Currently, 12 per cent of all vehicles registered in Delhi are electric. To encourage the adoption of EVs, we have recently renewed our EV policy, which includes exemptions on road tax for electric vehicles,” said CM Atishi. She further stated that the development of EV charging infrastructure is being expedited across the city to facilitate the growth of EV usage and make it more convenient for residents to transition to sustainable transportation.
“The development of charging infrastructure is also progressing in Delhi to promote EV sales,” she added.
This progress underscores the city’s environmental goals to reduce vehicular pollution and transition towards cleaner energy solutions. — ANI
Source- The Global New Light of Myanmar
To boost EV adoption, the government has renewed its EV policy, offering road tax exemptions for electric vehicles.
DELHI Chief Minister Atishi Marlena has declared that the national capital has emerged as the Electric Vehicle (EV) capital of India. Highlighting the city’s progress in promoting clean and green mobility, she revealed that Delhi boasts the highest number of registered EVs in the country.
“Delhi has become the EV capital of the country. Currently, 12 per cent of all vehicles registered in Delhi are electric. To encourage the adoption of EVs, we have recently renewed our EV policy, which includes exemptions on road tax for electric vehicles,” said CM Atishi. She further stated that the development of EV charging infrastructure is being expedited across the city to facilitate the growth of EV usage and make it more convenient for residents to transition to sustainable transportation.
“The development of charging infrastructure is also progressing in Delhi to promote EV sales,” she added.
This progress underscores the city’s environmental goals to reduce vehicular pollution and transition towards cleaner energy solutions. — ANI
Source- The Global New Light of Myanmar
Business news / Business-Local news - Fri, 29-Nov-2024
Fully applying economics key to State’s economic growth
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
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
Business news / Business-International news - Thu, 28-Nov-2024
VOLKSWAGEN Group and SAIC Motor announced on Wednesday that they have signed an extension for their joint venture contract in Shanghai until 2040, further strengthening their long-term partnership.
SAIC Volkswagen is China’s first joint venture for passenger cars. This marks the second time that both parties have renewed the contract, extending the period of their joint venture to 55 years.
VOLKSWAGEN Group and SAIC Motor announced on Wednesday that they have signed an extension for their joint venture contract in Shanghai until 2040, further strengthening their long-term partnership.
SAIC Volkswagen is China’s first joint venture for passenger cars. This marks the second time that both parties have renewed the contract, extending the period of their joint venture to 55 years.
“The foundation of our success in China lies in the strong, trustful partnerships. The best example of such a partnership is our long-term, successful cooperation with SAIC,” said Ralf Brandstätter, member of the board of management of Volkswagen AG for China, who delivered a speech via video link during the signing ceremony. — Xinhua
Source- The Global New Light of Myanmar
VOLKSWAGEN Group and SAIC Motor announced on Wednesday that they have signed an extension for their joint venture contract in Shanghai until 2040, further strengthening their long-term partnership.
SAIC Volkswagen is China’s first joint venture for passenger cars. This marks the second time that both parties have renewed the contract, extending the period of their joint venture to 55 years.
“The foundation of our success in China lies in the strong, trustful partnerships. The best example of such a partnership is our long-term, successful cooperation with SAIC,” said Ralf Brandstätter, member of the board of management of Volkswagen AG for China, who delivered a speech via video link during the signing ceremony. — Xinhua
Source- The Global New Light of Myanmar
Business news / Business-Local news - Thu, 28-Nov-2024
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.
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
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
Business news / Business-International news - Wed, 27-Nov-2024
DURING his third visit to the Chinese mainland this year, Apple CEO Tim Cook said he highly values Chinese suppliers.
Analysts believe this has demonstrated the importance of China’s supply chain and market for the American company. “I am so proud that Apple has an exhibit here with our partners. We could not do what we do without them,” Cook said on Monday ahead of the second China International Supply Chain Expo (CISCE), scheduled from Tuesday to Saturday in Beijing.
DURING his third visit to the Chinese mainland this year, Apple CEO Tim Cook said he highly values Chinese suppliers.
Analysts believe this has demonstrated the importance of China’s supply chain and market for the American company. “I am so proud that Apple has an exhibit here with our partners. We could not do what we do without them,” Cook said on Monday ahead of the second China International Supply Chain Expo (CISCE), scheduled from Tuesday to Saturday in Beijing.
At the expo’s main venue, Cook visited the joint booth of Apple’s four Chinese suppliers, which will exhibit components and technologies involving flexible production lines, green technology and optical products. He highlighted innovations in the Apple supply chain.
Despite challenges including external uncertainties, China remains an indispensable part of Apple’s global supply chains. Out of Apple’s 200 major suppliers worldwide, over 80 per cent have set up factories in China, contributing to the manufacturing of a wide range of Apple products.
During his visit to Shanghai in March, Cook reiterated the company’s long-term commitment to the Chinese market when he opened Apple’s biggest retail store on the Chinese mainland. — Xinhua
Source- The Global New Light of Myanmar
DURING his third visit to the Chinese mainland this year, Apple CEO Tim Cook said he highly values Chinese suppliers.
Analysts believe this has demonstrated the importance of China’s supply chain and market for the American company. “I am so proud that Apple has an exhibit here with our partners. We could not do what we do without them,” Cook said on Monday ahead of the second China International Supply Chain Expo (CISCE), scheduled from Tuesday to Saturday in Beijing.
At the expo’s main venue, Cook visited the joint booth of Apple’s four Chinese suppliers, which will exhibit components and technologies involving flexible production lines, green technology and optical products. He highlighted innovations in the Apple supply chain.
Despite challenges including external uncertainties, China remains an indispensable part of Apple’s global supply chains. Out of Apple’s 200 major suppliers worldwide, over 80 per cent have set up factories in China, contributing to the manufacturing of a wide range of Apple products.
During his visit to Shanghai in March, Cook reiterated the company’s long-term commitment to the Chinese market when he opened Apple’s biggest retail store on the Chinese mainland. — Xinhua
Source- The Global New Light of Myanmar
Business news / Business-International news - Thu, 21-Nov-2024
YAMAHA Motor, a leader in the motorcycle industry, is advancing its innovation to provide riders with more convenience, comfort, and safety.
Recently, the company introduced the Yamaha Automated Manual Transmission (Y-AMT) system, a breakthrough that combines the functions of a clutch lever, shift pedal, and automated/manual transmission control into a single handlebar lever.
YAMAHA Motor, a leader in the motorcycle industry, is advancing its innovation to provide riders with more convenience, comfort, and safety.
Recently, the company introduced the Yamaha Automated Manual Transmission (Y-AMT) system, a breakthrough that combines the functions of a clutch lever, shift pedal, and automated/manual transmission control into a single handlebar lever.
An official from Yamaha Motor stated, “The purpose of the Y-AMT system is to expand the range of enjoyment for motorcycle riders. Even experienced sports riders can now experience a new level of comfort beyond what was previously possible.
We’ve designed the system to merge the excitement of sports riding with enhanced rider-machine communication. Our goal is to elevate the fun of motorcycling while providing riders with more options”. He also noted, “With the Y-AMT system, riders can shift gears with a simple finger movement. The switch between automated and manual driving modes can also be controlled effortlessly with the same hand. This revolutionary system offers an unprecedented level of convenience and comfort for riders. By simplifying the riding experience, Y-AMT allows riders to better appreciate their surroundings and focus on road safety. As a result, the system promotes safer and more enjoyable rides”. — ANI
Source- The Global New Light Of Myanmar
YAMAHA Motor, a leader in the motorcycle industry, is advancing its innovation to provide riders with more convenience, comfort, and safety.
Recently, the company introduced the Yamaha Automated Manual Transmission (Y-AMT) system, a breakthrough that combines the functions of a clutch lever, shift pedal, and automated/manual transmission control into a single handlebar lever.
An official from Yamaha Motor stated, “The purpose of the Y-AMT system is to expand the range of enjoyment for motorcycle riders. Even experienced sports riders can now experience a new level of comfort beyond what was previously possible.
We’ve designed the system to merge the excitement of sports riding with enhanced rider-machine communication. Our goal is to elevate the fun of motorcycling while providing riders with more options”. He also noted, “With the Y-AMT system, riders can shift gears with a simple finger movement. The switch between automated and manual driving modes can also be controlled effortlessly with the same hand. This revolutionary system offers an unprecedented level of convenience and comfort for riders. By simplifying the riding experience, Y-AMT allows riders to better appreciate their surroundings and focus on road safety. As a result, the system promotes safer and more enjoyable rides”. — ANI
Source- The Global New Light Of Myanmar