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With this much increase in export our GDP should reach 100 B at the next FY and should mean bigger government budget which mean bigger defense budget. Well I hope anywayA day after bagan is recognized as UNESCO world heritage site.
Bangkok Airways expresses interest in opening routes to Bagan
Chan Mya Htwe 08 Jul 2019
Immigrations counters at the Yangon International Airport. Aung Myin Ye Zaw/The Myanmar Times
Bangkok Airways, a Thai regional airline, is interested in opening a direct route between Bangkok and Bagan, which has just been accorded the World Heritage Site status by UNESCO.
Bagan, an ancient site of Buddhist temples, monasteries and fortifications in Mandalay Region, already popular with tourists, could see more interest now that it has finally been endorsed by UNESCO.
Other destinations the airline would like to open direct routes to include Heho in Shan State and Myeik in Tanintharyi Region as part of plans to expand operations to Myanmar’s tourist destinations.
Bangkok Airways vice-president of sales Mr. Varong Israsena said in a media briefing that the airline would like to open up direct routes to Heho, Bagan and Myeik due to their tourism potential.
He noted that a Bangkok to Myeik route could open the way for tourism to developin the islands off Myanmar’s southernmost coastline bordering Thailand.
The airline currently operates direct flights to Yangon, Nay Pyi Taw and Mandalay from Bangkok. It also operates flights between Chiangmai and Yangon as well as Chiangmai and Mandalay.
Currently, Myanmar has three international airports, Yangon, Mandalay and Naypyitaw. It plans to upgrade 14 out of the 31 other domestic airports with customs, immigration and quarantine (CIQ) facilities as well as aprons, or tarmacs, which can handle bigger aircraft. Foreign visitors wanting to get to destinations such as Heho, Bagan and Myeik must first fly into one of the international airports before taking connecting flights to these locations.
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Export of manufactured goods exceeds over US$400 million
Trucks and forklifts move containers at Aisa World port in Yangon. Photo: Lynn Bo Bo/EPA
Myanmar’s export of manufactured goods has exceeded over US$400 million during the week between 22 and 28 June, increasing by nearly $155 million, or more than 60 per cent, from this time last 2017-2018 Fiscal Year, state media reported.
The current figures included $258.5 million by the public sector and $147.8 million by the private sector. From the corresponding period last FY, the country’s export of the same totalled $251.8 million.
From October through June this 2018-2019 FY, the country’s exports of manufactured goods reached $7.08 billion, including public sector exports pegged at $2.9 billion and private sector exports valued at $4.15 billion.
well. it will become when our negotiation with China settle. trade with china is falling in these days while others are rising.With this much increase in export our GDP should reach 100 B at the next FY and should mean bigger government budget which mean bigger defense budget. Well I hope anyway
Meh i would love to visit Burma! Its beautiful. Our people fought the japs there.
Hey guys I would like your opinion on this camouflage pattern compared to the current one.
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ndian businesses visit Myanmar to seek investment opportunities
Business
Shri Chandra Mohan Patowary, minister for commerce and industry at the Assam government, shares the delegation’s experience with invited guests in Yangon (Photo- Khine Kyaw, Myanmar Eleven)
Published 10 July 2019
Khine Kyaw
A 20-member business delegation from the northeastern Indian state of Assam recently visited Yangon for two days to explore investment opportunities and cooperation with major organisations and businesses in Myanmar.
Chandra Mohan Patowary, Assam’s minister of commerce and industry and head of the mission, said the visit aims to brief decision-makers in Myanmar on the growth potential of Assam and the larger northeastern region of India as well as their proximity to Myanmar.
“Connectivity is our main target. Once connectivity is strengthened, business will automatically take off,” he said.
“In this regard, we are looking at improving air travel connectivity as well as transportation and roads to connect the [India’s] Northeast with Myanmar, as we see good opportunities for both sides.”
Patowary said the Assam government would facilitate cooperation between Indian and Myanmar businesses.
“Many big names are here and there are many more to follow,” he said, referring to two Indian companies -- Oil and Gas Corporation Ltd and Indian Oil Corporation Ltd -- that are already engaged in oil and gas exploration and production in Myanmar.
The India-Myanmar Chamber of Commerce is also organising a business mission to India next month, including top officials from Indian and Myanmar corporations. It will also meet with the governments of Rakhine and Mandalay states to explore further opportunities for cooperation in Northeast India.
Patowary said oil and gas, health, education, tourism and manufacturing are among the most promising sectors for bilateral ventures.
“By aggressively addressing challenges in these sectors, Myanmar’s economy will grow fast. We must work together to make it happen,” he said.
“We are exploring opportunities in many Southeast Asian countries, and Myanmar is really important to us. We also want Myanmar businesses to explore opportunities in the Indian market, particularly in the Northeast. Under our Act East Policy, we have opened our trade routes so we can connect through railways, waterways and airways.”
India plans to build cross-border infrastructure to enable stronger international economic ties eastwards. It will include construction of roads and international highways as well as providing seaport and rail links to boost logistics for traders across India, Bangladesh, China, and Asean, he said.
Recently, Assam-based Numaligarh Refinery Ltd exported wax to Myanmar, which Patowary has hailed as a development that underlines India’s increasing engagement with its eastern neighbour.
“Myanmar can export minerals and forest products thanks to advantages in transport cost to Northeast India. Additionally, Myanmar’s coastal areas have huge deposits of natural gas,” he said.
Patowary said India’s demand for energy is expected to rise rapidly and the growing economy and gas supply from Myanmar are of great advantage to the nation.
“Services like healthcare, hospitality and tourism can improve trade between Myanmar and Northeast India,” he said.
He foresees bilateral cooperation in the tourism sector, citing high potential for destination weddings and movie-making as well as visits to the border areas where various ethnic groups reside.
“Many ethnic groups are living along the Indo-Myanmar border from Arunachal Pradesh through Nagaland and Manipur to Mizoram. The political boundary keeps them separate,” he said.
“Softening of the border is bound to increase contacts between people sharing the same ethnicity across the boundary.”
At the event, India’s Ambassador to Myanmar Saurabh Kumar stressed the importance of connectivity in all dimensions: physical, transport and air with Southeast Asia and South Asia.
“We need more people-to-people and cultural contacts, so we build relationship between Southeast Asian countries and India. This trip reflects the initiatives that we are taking to implement the Act East policy,” he said.
India is currently the 11th largest investor in Myanmar and the country’s fifth largest trading partner. Kumar foresees a surge in the inflow of Indian investments from both public and private sectors.
“We look forward to more delegations from India visiting this country, and we also welcome delegations from Myanmar visiting India. This has already started picking up and we look forward to moving ahead,” he said.
Personally, i would like to see some sort of positive development take place in the Ledo-Myitkyina sector, that can further be extended to China(if our relations with them become favourable in due course) or the contiguous South East Asian countries.Connectivity is our main target. Once connectivity is strengthened, business will automatically take off,” he said.
“In this regard, we are looking at improving air travel connectivity as well as transportation and roads to connect the [India’s] Northeast with Myanmar, as we see good opportunities for both sides.”
Patowary said the Assam government would facilitate cooperation between Indian and Myanmar businesses.
Personally, i would like to see some sort of positive development take place in the Ledo-Myitkyina sector, that can further be extended to China(if our relations with them become favourable in due course) or the contiguous South East Asian countries.
Of all the people in NE(other than Meghalaya for obvious geographical reasons) the people to people to people contact between Assam and Myanmar is the least, we have to bury the past baggage behind us to start afresh. Other states like Manipur and Nagaland already have extensive contact with one another, apart from flourishing regional trade and visa free travel upto a certain extent. @Nilgiri