UMFCCI, KADIN sign MoU agreement to bolster economic relations

Indonesia-Myanmar Roundtable Dialogue with participants from Indonesian and Myanmar successful entrepreneurs was held at the Sultan Hotel on the same day and stepped up bilateral trade and economic cooperation.

The two countries reaffirmed the commitment to maintain vigorous economic relations at the roundtable dialogue, which took place during the ASEAN Business and Investment Summit held in Jakarta.

The dialogue shed light on promising trade and investment cooperation in various sectors, from best-selling consumer goods to garment manufacturing and energy collaboration and financial and trade transaction matters.

The chair of ASEAN-BAC and the KADIN, Mr M Arsjad Rasjid P M elaborated that “As ASEAN matters as an epicentre of growth, we make sure to leave no one behind. We expect cooperation in the multiple industries of the two nations.

The ASEAN-BAC Myanmar Chair and President of the UMFCCI U Aye Win expressed his deep appreciation to the KADIN for cooperation and support. He highlighted that economic stability plays a pivotal role in accelerating the momentum of regional integration”.

The MoU between the KADIN and UMFCCI covers knowledge sharing, best practices, organizing joint activities like conferences and workshops and prioritizing the promotion of business ventures and projects. Last but not least Indonesia plays a pivotal role in the palm oil supply for Myanmar’s households. Similarly, Myanmar is also crucial in the rice and pulses trade for Indonesia. Thus, dealing with food security is of vital importance, he emphasized in the dialogue.

Source:The Global New Light of Myanmar

MAI’s Myanmar-Russia direct flight lands back in Yangon successfully

The MAI launched the Yangon-Mandalay-Novosibirsk-Mandalay-Yangon flight on 5 September ensuring the essential connectivity between the Russian Federation and Myanmar, and the flight landed in Yangon successfully yesterday morning.
The MAI flight left for Russia at 2:05 pm on 5 September from Yangon International Airport and headed to Novosibirsk in Russia from Mandalay. Before the departure to Russia, the relevant officials of Mandalay Region cordially met flight passengers and had commemorative photos taken with them at Mandalay International Airport.
To strengthen the bilateral relationship between the two countries, the two governments, departmental officials, tourism industries and travel and tour companies should promote their tourism industries with their existing cultural heritage, picturesque scenes and beaches.
Moreover, the MAI launched the new flight not just for the profits but for aiming to facilitate the trade flows of the two countries, economy, hotels and tourism industries, health and other services for the people of the two countries.
The Myanmar-Russia direct flight will operate twice a week every Tuesday and Saturday. Myanmar travellers can visit the territory of the Russian Federation including its city Moscow from Novosibirsk with Russia’s S7 airlines. Similarly, Russian travellers can visit Myanmar and ASEAN countries where the MAI operates its flights.
Besides the current new flight, the MAI will fly to Moscow, and St Petersburg in Russia soon with flights like Airbus A330 and long-haul flights. Moreover, it also arranged to expand operations to 11 cities including Beijing in China.

Source: The Global New Light of Myanmar