Shrimp industry battles through external challenges
“At its peak, from 1999 to 2003, Myanmar was the fourth largest exporter to the US market after Vietnam, Thailand and Philippines,” he said. “At that time, 95 percent of farmed shrimp went for export. “Now, only 20pc is exported, and what is left is consumed locally,” (Volume 27, No. 537 - August 23 - 29, 2010)
Asia Green to expand banking network
ASIA Green Development Bank is continuing to expand and plans to open two new branches in September and a third in October, a senior bank official said last week. The openings are contingent upon permission being granted by the Central Bank of Myanmar, he said. (Volume 27, No. 537 - August 23 - 29, 2010)
Battery prices edge upward
“We normally import batteries from Thailand by land. Since the checkpoint was closed, we’ve been using shipping, which takes more than six days and costs more for us. In June, a 150-ampere battery cost K120,000, and now it’s increased to K130,000,” (Volume 27, No. 537 - August 23 - 29, 2010)
Wood plastic factory to start in October
The plant will produce a mix of wood and plastic that can be used to make a wide range of objects, from plastic bags to construction materials, depending on the level of processing. “We are currently preparing to assemble the machinery with the help of local and foreign technicians,” (Volume 27, No. 537 - August 23 - 29, 2010)
Myanmar to exhibit products at Vietnam International Expo
Myanmar companies will exhibit jewellery, wooden furniture and agricultural products such as beans and pulses, said Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) general secretary Dr Mg Mg Lay. The expo will take place from August 31 to September 6. (Volume 27, No. 537 - August 23 - 29, 2010)
CAEXPO Pavilion of Trade in Services ADVERTORIAL
THE Pavilion of Trade in Services will make its debut at the 7th China-ASEAN Expo (CAEXPO) in Nanning, China, from October 20 to 24. The latest edition of CAEXPO is the first since the establishment of the China-ASEAN Free Trade Area (CAFTA) on January 1. (Volume 27, No. 537 - August 23 - 29, 2010)
Mekong region rail network a step closer: ADB
A plan for connecting regional rail lines is expected to be endorsed in Vietnam by ministers from Cambodia, China, Laos, Myanmar, Thailand and Vietnam, said the Asian Development Bank (ADB). It is “the first step in developing and implementing an integrated railway system in the sub-region”, Kunio Senga, director general of ADB’s Southeast Asia department, said in a foreword to the 25-page plan. (Volume 27, No. 537 - August 23 - 29, 2010)
