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Business news from Myannmar (12 Oct



Subject: Business news from Myannmar (12 October 1999) 

ThaiBuzz
Business news from Myannmar (12 October 1999)

C O N T E N T S
1012-01 Grouper Earns Foreign Currency for Myanmar
1012-02 New Paper And Pulp Mills Under Construction
1012-03 New Research Centre For Horticultural Crops
1012-04 Myanmar Information Delegation To PR China
1012-05 Big Enterprises Sponsor Myanmar Golfing Event
1012-06 Myanmar Statistician To Train In Singapore
1012-07 Companies In Brief
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For traders information: 1) Ready stock hard and soft wood available for
export from Myanmar.
2) Gold rush mining with quick return in Myanmar.  Quick permit can be
arranged.
Interested parties kindly contact Mr. Chew at e-mail:
mmigroup@xxxxxxxxxxxxxxx
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1012-01 Grouper Earns Foreign Currency for Myanmar
**Myanmar southern Taninthayi coastal region has abundant reserve of
grouper fish, which carry highest price in the international market amongst
the Myanmar export fishes.

Breeding grouper fish proves to be very lucrative. The fish breeders can
buy 4-inch size groper fish for Kyats 200 (approx. US$0.60). The breeders
have to spend another Kyats 200 per fish before it reach to the exportable
size. The grouper fish price on Hong Kong FOB is around US$ 6,000 per ton.

In most Hong Kong Restaurants grouper has proven to make one of the best
dishes and is a favourite among Hong Kong dinners.

1012-02 New Paper And Pulp Mills Under Construction
**Myanmar's Ministry of Industry-one is constructing a pulp mill and a
paper mill in southwestern province of Ayeyawady.

The daily production capacity of the pulp mill will be 200 tons and that of
the paper mill will be 50 tons.

Last month Myanmar's Ministry of Industrial1 and Tianjin Machinery Import &
Export Corporation (Group) of China signed a contract to build new paper
mill within a year in central Myanmar. The daily production capacity of the
new paper mill will be 25 tons. Main product of the factory will be for
newsprint.

1012-03 New Research Centre For Horticultural Crops
**A new horticultural crops centre is set up in Hpa-an, capital city of
Myanmar's southeastern Kayin province.

The financial assistance for setting up of the research centre is given by
Japan's Mitsui Fire and Marine Insurance Company.

The company will give Yen 25 million assistance to Myanmar over the five
years.

1012-04 Myanmar Information Delegation To PR China
**A High level Myanmar Information delegation left Yangon on 10th October
to China at the invitation of TV Broadcasting Bureau of the People's
Republic of China.

The Minister for Information heads the 5-member Myanmar delegation.

1012-05 Big Enterprises Sponsor Myanmar Golfing Event
**Leading Myanmar business enterprises are contributing for second leg of
2nd London Myanmar Golf Tour starting this week in upper Myanmar's capital
city Mandalay.

The Rothmans of Pall Mall Myanmar Pte. Ltd Company, producer of London
brand cigarette will be the main sponsor.Other well-known Myanmar business
enterprises like Mandalay Rum, Max Soft Drink Factory, Mandalay Airport
Hotel and foreign businesses in Myanmar as Wilson, Canon and other computer
companies will also be the contributors for this event.

London Myanmar Golf Tour is held as a qualifying round for the
international sports event, London Myanmar Open to play in Myanmar by the
early year 2000.

1012-06 Myanmar Statistician To Train In Singapore
**A statistician from Myanmar's Central Statistical Organization (CSO) will
be trained in Singapore from 13th October to November 6,1999.

The training will be conducted under the ASEAN Experience Training
programme.

1012-07 Companies In Brief
**Every Tuesday Myabuzz will include news about companies operating in
Myanmar.  These may be trivia or information about the companies'
businesses in the country:
1. Last week Yangon based company Htoochar Service and General Trading
Cooperative Society opened a souvenirs shop in Yangon. The company will
offer Myanmar wooden-crafts, wooden sculptures and furniture.
2. Japan's Matsushita Electric Industrial Co., parent company of National
and Panasonic held a seminar in Yangon's Traders hotel on 8th October. The
company introduced National's range of new electronic home appliances to
Myanmar market. The dealers and officials from the National's overseas
branches attended the seminar.
3. In the past week Singapore's paint company ICI held a demonstration
session in Yangon on paint utilization.
4. A Myanmar travel agency Columbus Travels and Tours get membership to the
International Air Transport Association (IATA). This is the first time that
a Myanmar travel agency get such membership. Columbus Travels and Tours
agency is a representative of Thai based Golden Pyramid Services Co., Ltd
operating package and special tours as well as worldwide ticketing.
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