[Date Prev][Date Next][Thread Prev][Thread Next][Date Index ][Thread Index ]

Business news from Myanmar (24 Augu



Subject: Business news from Myanmar (24 August 1999) 


MyaBuzz
Business news from Myanmar (24 August 1999)

C O N T E N T S
0824-01 Singapore Investments Growing
0824-02 New Port Opens for Large Vessels
0824-03 Triumph for Myanmar Ladies - US $ 15 Million Int'l Lingerie Co.
Opens
0824-04 Myanmar's Summer Capitals Designated as Model Towns
0824-05 The International Exhibition Yangon 99 Starts
0824-06 Bran Oil To be Commercialized
==============================================
0824-01 Singapore Investments Growing
**The Minister for Industry-1 U Aung Thaung on 20th August met with the
Technical Director of Pec-Tech Group Of Singapore.

Singapore Myanmar economic cooperation has deep economic roots. Singaporean
investments are scattered in various sectors and is stimulus to the
economic modernization of the country. 66 Singaporean companies invested
US$1,485.76 million in different business undertakings, and according to a
survey, No.1 investor in Myanmar.

Their investments range from agriculture, mining, oil and gas, real estate,
transport and   communication and real estate development, and service, up
to tourism. The cooperation may proceed further as Myanmar skilled and
semi-skilled work force will likely work in Singapore under the new
employment law promulgated by Myanmar government early last month.

0824-02 New Port Opens for Large Vessels
** A new port at Thilawa is now operational and larger vessels at 180 m can
now anchor at the port. Very recently, the Yangon Jetty renovation work too
has completed and 167 m long vessels can now enter the port.

Yangon, Mandalay, Mawlamyaing, Sittwe are the major port cities across the
country. Yangon port serves as the international port.

0824-03 Triumph for Myanmar Ladies - US $ 15 Million Int'l Lingerie Co.
Opens
**Myanmar Triumph International Company, a 100% German owned garment
company opens a ladies wear shop in Yangon's oldest market, Bogyoke Aung
San market, last 20 August.

Myanmar Triumph International produces top-of-the line lingerie, ladies
underwear, and swimwear and is popular around the globe. Myanmar Triumph
International Ltd, a wholly foreign owned company, invested US$ 15 million
for its garments company in Yangon.

0824-04 Myanmar's Summer Capitals Designated as Model Towns
**Top officials toured the southern Shan state region on 20th August and
urged for joining hands to seek prosperity. They designated two towns in
the region Kalaw and Yasauk as the model towns.

Kalaw, lies 71 km west of Taungyi, the provincial capital. It is beautiful
hill station surrounded by mountains and has been popular as a peaceful
summer resort with meandering mountain streams and fragrant pinewood. Shan
and the tribal culture are so rich in the area. Visitors can buy Shan and
tribal traditional goods and clothes at the street market lay once in five
days.

Other attractive places in the region are Pindaya, which is 45 km from
Kalaw. It is famous for its caves where thousands of year-old Buddha images
are seated. Of course here one finds the magnificent Inlay Lake popular for
the leg rowers.

0824-05 The International Exhibition Yangon 99 Starts
**The International Exhibition Yangon'99 started yesterday until 26th
August 1999. Goods from over 65 companies from more than 15 countries will
display computers and accessories, electronic goods, security equipment,
construction materials, furniture, and cosmetics, among others.

Daily fashion shows will be staged for displaying Myanmar and Western
clothes. No admission fee will be charged from the visitors.

0824-06 Bran Oil To be Commercialized
** Bids are solicited by the ministry of commerce for a new bran oil
factory to be built in the Ayeyawaddy Delta region. Local companies and
individuals as well as joint venture companies established in collaboration
with the Myanmar citizens may make the bids. The factory will be built on
pre-engineered steel structure.

Bran oil is mainly for cooking and is cholesterol free. It is substituted
for groundnut oil.
==============================================================
MyaBuzz is available via email 5 days a week except holidays.
For subscriptions or queries, email Pornjit at thaibuzz@xxxxxxxxxxxxxxxxx
==============================================================