“Although 40,000 companies were registered in the country, the number of companies that are really operating is just 4000,” Lieutenant General Thein Sein was quoted as saying in the official New Light of Myanmar newspaper on July 15.

“We sold over 4300 jade lots out of 5880. This is the biggest jade sale in terms of the number of lots sold and money made in the history of these emporiums,” the official said on condition of anonymity.

BY now, the fishery sector hoped to be almost a third of the way to their considerably increased export target of US$750 million for the 2007-08 financial year. Instead, they are more than $70 million short.

COOKING oil dealers have welcomed research by the Ministry of Health in which three peanut oil brands on the market failed quality tests, adding they hoped action would be taken against the companies concerned in order to protect the market’s integrity.

THE Myanmar Rice Millers Association has called on millers operating in remote areas without licences to register with authorities before the association begins compiling a list of unauthorised rice mills next month.

INVITING foreign investment into Myanmar’s real estate market would help stimulate the property sector and its related industries as well as assist the recovery of the country’s sluggish economy, realtors in Yangon said last week.

“However, buyers are seeing in movies or when they go abroad how other people decorate their houses, and they’re willing to give it a try too. We had our best sales last year,”