HOUSE OF THE WEEK
Kamaryut duplex on offer as sale or rental
YOU can buy it or you can rent it, and it’s available at Hanthar Yeikmon housing project, just off Bayintnaung Road, about 25 minutes from downtown, and not far from the Hledan Junction and Thirimingalar market. more
Media roundup
(Volume 26, No. 520)
Hlawga Park privatised by Htoo Trading
HTOO Trading Company on April 1 took over management of Hlawga Nature Park in Yangon Division, The Yangon Times reported on April 22.
“The park is being privatised by Htoo Trading Company. Detailed discussions have not been made on how this will affect operations at the park,” said U Thein Tun, an administrative officer from the Hlawga Nature Park.
The Ministry of Forestry is retaining ownership of the land but began renting it to Htoo Trading on April 1. The company is submitt-ing a formal proposal to the Myanma Investment Commission that could see it take over operations at Hlawga for 15 to 30 years, a Htoo Trading official said.
Railway lines will not be sold off: official
MYANMAR’S railway network will not be privatised, The Yangon Times reported on April 22, quoting officials from the Ministry of Railways.
The official was responding to rumours that the government would transfer the operating rights on major routes, such as Yangon-Mandalay and Mandalay-Myitkyina, to private companies including Htoo Trading and Max Myanmar.
An official from Htoo Trading confirmed it had no plans to enter the railways business “at the moment”.
“Our company will not be involved in the operation of railways in Myanmar,” a Max Myanmar Company official said.
Betel exports to Bangladesh on the rise
BETEL nut-hungry Bangladesh is developing into a lucrative market for some traders in the west of Myanmar, Biweekly Eleven reported on April 23.
Traders in Maungdaw township, Rakhine State, told the journal the betel nut trade with Bangladesh is on the up. Bangladesh brokers buy wet betel nut, rather than the dry nuts preferred in Myanmar.
Still, trade remains small, with little more than 10,000 betel nuts crossing the border each day, according to the report.
The current price of betel nut is K10,000 (about US$10) for 1250 nuts.
