Business news from Myanmar (16 Sept

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Subject: Business news from Myanmar (16 September 1999) 

Business news from Myanmar (16 September 1999)

C O N T E N T S
0916-01 Marubeni, Kawasaki, ABB Contributes To Yangon Power Plant
0916-02 Xiamen Entrepreneurs Invited to Myanmar
0916-03 Thailand's Tak District Chamber Of Commerce Head In Yangon
0916-04 Chinese Medicines In Myanmar
0916-05 Myanmar Sends Delegation to ASEAN Transport Summit in Hanoi
0916-06 New Modern Hospital For Ayeyawady Delta Region
0916-07 Diplomatic/Foreign/ Economic Relations
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0916-01 Marubeni, Kawasaki, ABB Contributes To Yangon Power Plant
**A new power plant was inaugurated in Yangon's Ahlone district (about 15
minutes drive from city center). On 14th September, Marubeni Corporation,
Kawasaki Heavy Industry of Japan and ABB of Germany contributed the
machinery and technical assistance for the power plant.

Ministry of Electrical Power and Marubeni Corporation of Japan signed a
contract back in March'97 to build two power new plants in Yangon,
including the Ahlone power plant, each with the capacity of producing 54
megawatt of electricity. The other was opened earlier this year in Hlawga,
about 30 km north of Yangon.

The Ahlone power plant was built at a cost of over US$ 30 million. It is a
combined cycle power plant, which, do not need to burn extra fuel but
generate power by recycling the waste heat from the gas-powered plants in
nearby Ahlone. The new plant will generate 350 million units of electricity
annually for Yangon's rapidly growing power consumption. Yangon alone needs
over 750 megawatt of electricity.

Ministry of Electricity also disclosed its plan for building more
hydroelectric power plants; natural gas powered plants and combined cycle
power plants in future to meet the growing demand.

0916-02 Xiamen Entrepreneurs Invited to Myanmar
**An economic and trade delegation from Xiamen, Fujian province, China is
currently in Yangon at the invitation of the Chairman of the Myanmar
Economic Cooperation.

The Deputy Director General of Xiamen Municipal Economic Development
Commission headed the delegation. The 14-member delegation includes 8 Heads
of companies.

The delegation comprises entrepreneurs of textiles, foodstuff, electric
power, jewelry, and edible oil enterprises.

Officials from Ministries of Industry-1, Energy, Commerce, ASEAN Economic
Affairs and Myanma Investment Commission will closely coordinate the
respective business matters with the delegation.

0916-03 Thailand's Tak District Chamber Of Commerce Head In Yangon
**The Chairman of Tak District Chamber Of Commerce of Thailand is currently
in Yangon and met with Secretary 1, Khin Nyunt, on 14th September.

Recently, Thai Commerce Ministry officials and entrepreneurs visited Yangon
and discussed bilateral economic cooperation with the Chairman and members
of the Myanmar Chamber of Commerce and Industry officials.

0916-04 Chinese Medicines In Myanmar
**Secretary of Myanma Investment Commission met with the visiting Managing
Director of Sichuan Dikang Pharmaceutical Industry Stock Co Ltd of Sichuan
Province of China on 14th September.

The Chinese pharmaceuticals especially from Sichuan province and Yunnan
province bordering Myanmar are familiar with Myanmar market since the early
80's. Myanmar merchants brought in the country via Myanmar-China border.

Perhaps what would make the success of Chinese medicines is the presence of
Chinese community in the country.  The Chinese accounts for 3 % of the
country's 46 Million population.

0916-05 Myanmar Sends Delegation to ASEAN Transport Summit in Hanoi
**The 5th ASEAN Ministerial meeting of the transport minister will be held
in Hanoi, Vietnam on 15 and 16 September.

Myanmar sends its 6-member delegation to Hanoi headed by the Minister of
Transport.

Transportation in Myanmar may need a number of improvements. Thus it is
expected that the participation of Myanmar in the summit may uplift the
condition of the transport industry in the country.

0916-06 New Modern Hospital For Ayeyawady Delta Region
**A Memorandum of Understanding was signed between Ministry of Health and
Known-You Seed Co., to construct a new modern hospital in Hsamalauk
Village, Nyaungdon Township in the Ayeyawady Delta region.

Nyaungdon-Hsamalauk region of Ayeyawady delta is about 160 km south of
Yangon.

0916-07 Diplomatic/Foreign/ Economic Relations
**On every Thursdays, Myabuzz will bring snippets of bilateral events in
the areas of foreign and economic relations. This will include arrivals of
foreign luminaries, ins and goings out of economic trade delegations.  This
may also include news on Myanmar's participation to world economic affairs.
The following news appeared on the week of September 6 to 10, 1999.

Myanmar and Indian archeologists tour across central Myanmar towns and
visited several ancient archeological sites there. Archeologists
coordinated the matter relating the conservation of 5th century pagoda in
Pyay Township. Indian Ambassador and Myanmar Deputy Minister for Culture
accompanied the archeologists during their tour.

British Ambassador in Yangon met with the Minister for Posts and
Telegraphs.

UN Secretary- General sent a massage for International Literacy Day.
Myanmar, a member of United Nations Science and Cultural Organization
(UNSCO), observes this occasion annually

The President of the Union of Myanmar Federation of Chamber of Commerce
and Industry (UMFCCI) met with the visiting Thai Trade Delegation to
discuss promotion of trade investment and mutual cooperation and transport.

A 6-member delegation of the entrepreneurs representing the Union of
Myanmar Federation Chamber of Commerce and Industry, left for Singapore to
attend the Wood Mac Asia-99 exhibition. The exhibition was held in
Singapore from 7 to 11 September.
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