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Business news from Myannmar (18 Nov



Subject: Business news from Myannmar (18 November 1999) 

MyaBuzz
Business news from Myannmar (18 November 1999)

C O N T E N T S
1118-01 Myanmar Ceramic Ware For Export
1118-02 Myanmar Delegation To Vientiane
1118-03 Tokyo Stock Exchange Officials In Yangon
1118-04 Myanmar's Cottage Industries on Exhibit
1118-05 Natural Gas For Yangon's Power Plants
1118-06 Ministry News 
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1118-01 Myanmar Ceramic Ware For Export
**A ceramic factory in Mawlamyine city, in Myanmar's Mon province is
planning to export its products to the international market.

The factory is expected to export mostly home decoration ceramics ware by
next year. The quality of the factory's ceramic ware according to the
factory officials, are at par with the international quality norms.

1118-02 Myanmar Delegation To Vientiane
**Officials of the Ministry of Hotel & Tourism went to Vientiane, Laos on
16th November to attend the ceremony marking the "Visit Laos Year".

The ceremonies for Visit Laos Year, 1999-2000 will be held in Vientiane
from 18 to 23 of this month. 

1118-03 Tokyo Stock Exchange Officials In Yangon
**Myanmar's Finance Minister and Managing Director of the Tokyo Stock
Exchange (Singapore Branch) discussed Myanmar's financial sector in Yangon
on 15th November.

Japan's Daiwa Securities Company and the Myanmar Central Bank has
established Myanmar Securities Exchange Centre Co. to pave the way for
establishing a capital market in Myanmar.

1118-04 Myanmar's Cottage Industries on Exhibit
**Cottage Industries Exhibition '99 opened in Yangon on 16th November. Five
Myanmar cooperative societies and 31 business institutions put on display
the range of industrial goods produced by Myanmar cottage industries in the
exhibition. 

Myanmar's cottage industries are producing industrial and household goods
as well as foodstuff and cosmetics. 

In his speech to the opening ceremony of the exhibition Myanmar Minister
reiterated the success of the Myanmar cottage industry. One of the most
profitable was that of last year when Myanmar exported 12 units of barbwire
producing machines worth US$ 40,000 to Indonesia. 

1118-05 Natural Gas For Yangon's Power Plants
**Myanmar's Energy Ministry is planning to supply natural gas produced from
Aphyauk and Nyaungdon gas fields in southwestern Ayeyarwady province for
Yangon's Power Plants.

The newly found Nyaungdon gas field alone is capable of producing 4.8
million cubic feet of natural gas per day.

This year two combined cycle power plants were built in Yangon to meet the
city's growing power consumption. The power plants were built with the
technical assistance from Japan's Marubeni Corporation.

1118-06 Ministry News 
**Every Thursday, Myabuzz features Ministry News.  This will tackle issues
in the preceding week (with emphasis on business and investment news) in
the various ministries in the country.

1. A delegation of Education Council of South-East-Asia (SEAMC) led by
Singapore's Education Minister visited Myanmar and met Myanmar officials
last week.

2. Myanmar's Minister for Agriculture and Irrigation last week went to
Rome, Italy to attend the FAO conference held there.

3. Last week Myanmar's No.3 Mining Enterprise, under the Mining Ministry
and local company Ayeyarwady Myitphya Company signed a joint venture
agreement on production of coal in northern Myanmar Lweje region. Myanmar
has the estimated coal deposits of over 200 million tons in numerous
deposits mainly in the northern Myanmar region.

4. Under the arrangement of Myanmar's Ministry of Health and United Nations
Children Fund (UNICEF), a 15-member delegation from China and Vietnam went
on study tour in Myanmar. The team will study Myanmar regarding fresh water
availability and other health issues during their stay.   
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