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INFORMATION SHEET N0.A-0592(I)



                            MYANMAR INFORMATION COMMITTEE
                 
                                                   YANGON


                                        INFORMATION SHEET

             N0.A-0592(I)
September 4th 1998 	

(1)		Board of Directors of MID Bank Meets
		The Board of Directors of Myanma Industrial Development Bank held the
Meeting 6/98 at the bank on Pansodan Street in Yangon on 3 September.  Plans
are under way to open MIDB branches in industrial zones so as to widely
disburse loans to industries.  Recently, a branch of MIDB was opened in
Meiktila Industrial Zone, and the bank raised the interest rate by 15 percent
in the interest of those who opened saving accounts at the bank.  The meeting
approved to disburse  loans for development of industries.

(2)		Major Maintenance to be Carried out at Pathein Sheet Glass Factory
		Myanmar Ceramic Industries of the Ministry of Industry-1 on 3 September
signed contracts with Daimaru Co Ltd of Japan and Ace Pressureweld Int'l Pte.
Ltd for undertaking of major maintenance at Pathein Sheet Glass Factory.  The
factory built in 1977 by Daimaru Co Ltd started production in 1979.
Maintenance is carried out every five years.

(3)		Students of Yangon Cooperatives Degree College Visit Sein Naga Glassware
			Industrial Cooperative Society
		The students and teachers of Yangon Cooperatives Degree College, visited
Sein Naga Glassware Industrial Cooperative Society in Mayangon Township Yangon
on 3 September. Officials explained to them on history of the factory,
production process, account system, marketing and distribution. The students
studied in the factory.

OFFICE CALLS IN YANGON ON 3 SEPTEMBER

(A)		 Chairman of Myanmar Investment Commission received Director Mr. Takuo
Yamauchi and party of Chubu Electric Power Co Inc. of Japan at his office.
They discussed investment in Myanmar.

(B)		Chairman of Yangon City Development Committee Mayor received 
Officer-In-Charge of United Nations Development Programme Mr. YY Kim in the
Mayor's Parlour at City Hall of YCDC.  They discussed tasks of the Yangon City
Development Committee.


(C)		Secretary of Myanmar Investment Commission received President 
Mr. Satoshi Kambe of Sanwa Trading Co. Ltd. of Japan at the MIC Office.  They
discussed investment matters.

(D)		Deputy Minister for Health  received ICRC Regional Representative Mr.
Toni Pfanner of Asia and the Pacific Region and Ms. Gitte Gammelgaard of
Danish Red Cross at his office.  They discussed upgrading health programme in
Shan State.

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