National Planning Ministry drawing up competition law
MYANMAR has taken another step towards becoming a competitive regional economy with the decision to adopt laws and policies on business competition in preparation for entry into the ASEAN single market in 2015. (Volume 27, No. 538 - August 30 - September 5, 2010)
ASEAN leaders warn on Southeast Asia’s rich-poor gap
DANANG, Vietnam – Southeast Asian leaders warned last week of a widening gap between the booming region’s richest and poorest nations that could threaten its ambitious drive for an EU-style single market. (Volume 27, No. 538 - August 30 - September 5, 2010)
Myanmar urged by ASEAN to open market
MYANMAR and the other three developing members of ASEAN should open up their economic sector more in order to participate in the regional single market due to open in 2015, a senior ASEAN spokesperson said last week. (Volume 27, No. 538 - August 30 - September 5, 2010)
Myanmar to take part in CABIS mining forum
MYANMAR will participate in the China-ASEAN Mining Cooperation Forum for the first time at the 7th annual China-ASEAN Business and Investment Summit (CABIS) next month, said the leader of the Myanmar delegation. (Volume 27, No. 538 - August 30 - September 5, 2010)
Car prices continue downward slide
CAR prices in Yangon and Mandalay continue to sag, traders say. The latest reason given for the downward spiral of prices – following a spate of government auctions last year – is the decision by the government to licence unlicensed vehicles. (Volume 27, No. 538 - August 30 - September 5, 2010)
Wheat flour price likely to rise: traders
WILDFIRES in Russia – which forced the government there to halt grain exports – are driving up the price of wheat here in Myanmar, traders say. (Volume 27, No. 538 - August 30 - September 5, 2010)
New cross-border route to Japan
A NEW cross-border route is to be opened to Thailand to transport Myanmar-made garments bound for Japan. At present, manufacturers have the choice either of transportation by sea, which can take up to three weeks, or the much quicker air route, which is also much more expensive. The overland route, via Myawaddy/Mae Sot, would be faster than shipping, and much cheaper than air transport. (Volume 27, No. 538 - August 30 - September 5, 2010)
Nursery owners enjoy strong monsoon sales
SALES of nursery shady plants are up this rainy season because of increasing demand from plant donators and Nay Pyi Taw’s order for road side shrubbery, a number of shop owners in Yangon said last week. (Volume 27, No. 538 - August 30 - September 5, 2010)
Yangon’s middle range developers halve projects on demand fears
BUSINESS might be brisk at the high end of the condominium and apartment development spectrum but middle- and low-end firms said they are cutting back the number of projects they take on. (Volume 27, No. 538 - August 30 - September 5, 2010)
