Prized phone SIM cards hit new high
Myanmar's "low-cost" SIM card price has reached 500,000 kyats (about Bt16,500) in Mandalay's resale market for numbers considered "beautiful". The official price is 1,500 kyats (about $2) per card, according to sources.
The cards fetching high prices have numbers like “123456 …”, or “7777” or “9999” as their last four numbers, according to vendors.
Local mobile shops are selling the prized cards at a starting price of 100,000 kyats (about $111) according to the numbers.
“I sold a card numbered “093308 9999” to one of my acquaintances for 500,000 kyats. I am also seeking a card which has the same numbers as my date of birth,” said a young person from Mandalay.
A Sagaing resident said he bought a card with four identical last numbers for 450,000 kyats. Insufficient SIM-card quotas for townships, which began selling cards on April 24, have reportedly forced prices up.
Development plan for livestock sector
The Ministry of Livestock and Fisheries is planning to form working groups to develop the private livestock breeding and fishery sector, Win Kyaing, general secretary of the Myanmar Fisheries Federation, said.
The working groups will carry out development tasks for the private livestock-breeding and fishery sector, joining hands with the related departments.
Union Minister for the President’s Office Tin Naing Thein met with members of livestock breeding and fisheries organisations.
“At the meeting, the minister gave instructions on forming working groups,” Win Kyaing added.
He also said, “We have already agreed to form working groups. And then, we will carry out the tasks cooperating with the newly formed working groups.”
The Myanmar Fisheries Federation has formed eight working groups concerning the fisheries sector and will do the same for the fishery development programme.
“Likewise, the Myanmar Livestock Breeding Federation will also carry out breeding sector development by forming five working groups,” said Win Sein, vice chairman of the federation.
Tie up with S Korean firm
Korean firm Inno Company and the military-owned Union of Myanmar Economic Holding Ltd (UMEHL) have formed a joint venture to run a garment factory in Mingalardon township, Yangon, according to the Ministry of National Planning and Economic Development.
The joint venture, named Myanmar Inno International Ltd, will operate the garment factory with a cutting, making and packing system in Pyinmabin Industrial Zone.
The Myanmar Investment Commission approved the business under the foreign investment law on May 10. This is the third business the commission has approved for UMEHL this year.
Military-owned conglomerate UMEHL obtained approval for an automobile assembly plant in Bago region and a cement factory in Kyaukse township, Mandalay region, under the new investment law earlier this year.
