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Business news from Myannmar (26 Oct



Subject: Business news from Myannmar (26 October 1999) 

MyaBuzz
Business news from Myannmar (26 October 1999)

1026-01 Morison Int'l Holds Annual Investment Conference
1026-02 Int'l IT Exhibition In Yangon
1026-03 Sugar Cane Cultivation Growing
1026-04 Strategic Development Plan For Yangon 
1026-05 Quality Meats & Fish for Export
1026-05 Quality Meats & Fish for Export
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1026-01 Morison Int'l Holds Annual Investment Conference
**A leading Singaporean Consultancy and Accounting firm, Morison Int'l held
its annual conference in Yangon on 22nd October.

Myanmar's top officials and leading businessmen discussed the country's
economic development and further investment opportunities at the opening
day session of the conference. The conference also highlighted rules and
regulations for setting up of companies in Myanmar as well as to give
greater emphasis to bring out more statisticians and administrators in
country.

Over 40 consultants, accountants and auditors representing the countries in
Asia & Pacific region attended the conference. The conference will end on
the 25th of October.       

1026-02 Int'l IT Exhibition In Yangon
**Myanmar computer entrepreneurs staged an IT exhibition in Yangon from
October 23rd to 26th in Yangon.

Over 37 computer companies displayed the GIS system, wireless LAN system,
Internet system and computer accessories.

The objective of the exhibition is to open Myanmar computer market to local
as well as regional and global investments.   

1026-03 Sugar Cane Cultivation Growing
**Myanmar's northeastern towns, particularly those close to northern
Thailand, have started the cultivation of sugar cane this year for the
first time.

The region has grown Chinese sugarcane species on over 400 acres of land in
the regional capital town, Kengung, which gave the per acre yield of 32 to
40 tons.

Myanmar has good potentials for sugarcane plantation/ sugar production. The
construction projects of six new sugar mills are expected to finish by
earlier next year, one incorporation with Thai's Sutech Company. The ARCAM
Company is also known to have cultivated sugarcane in Myanmar.         

1026-04 Strategic Development Plan For Yangon 
**Plans are underway for the drawing up of strategic development plan for
Yangon City by the Yangon municipal authorities.

Recently on 22nd October a group of Myanmar municipal authorities went on a
study tour to Malaysia regarding the strategic development of Yangon City.

1026-05 Quality Meats & Fish for Export
**In his address to the annual Veterinary Council meeting held in Yangon on
23rd October Myanmar's Livestock and Fishery Minister, Maung Maung Thein,
called for the production of valued added quality meat and fishery products
for export.

According to him, the Myanmar Fishery sector production stands at 12.92% of
the total GDP while that of meat production stand at around 60% of the
national GDP. 

1026-06 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. The annual profit of the Forest Products Joint Venture Company for the
last fiscal year was over Kyats 3,000 million (nearly US$ 1 million). From
the past five years the company has made profit of over Kyats 1,000 million
(nearly US$ 3 million)

2. Myanmar Construction Entrepreneurs Association in cooperation with
Olympic Company, a leading Myanmar construction company, opened a sale cum
exhibition center in downtown Yangon last week. 15 Myanmar real estate
developers and home decorators put on display their home models and home
decoration goods at the exhibition that will be open until December 31st
this year.

3. Last week at the ceremony marking the World Food Day in Yangon, UN's
Food and Agricultural Organization presented a prize to Yangon based
Myanmar Seafood Company for its achievement as the largest foreign currency
earning fisheries company in Myanmar. 
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