Myanmar Times & Business Reviews

Aug. 27 - Sept. 2, 2007

Myanmar's first international weekly ©

Volume 20, No. 381

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IPO signals major rice shake-up

“This is a private company that will be led by the private sector,” another MRMA executive committee member told The Myanmar Times on condition of anonymity. “The company aims to control the Myanmar rice market both domestically and in exports.”

Sesame prices fall as new crops hit market

“In late July, demand from China was high and this caused prices of all varieties to increase sharply. But demand from China has decreased over the last three or four days, probably because the surge in orders late last month satisfied demand there to some extent,”

Energy seminars to start Sept 1

THE Myanmar Engineering Society (MES) has declared September “Energy Month” – as well as October and November – after plans to hold the series of seminars spotlighting energy usage were postponed from August.

Plans for $7m rice husk power plant edge forward

IT will likely be several more months before the government signs a memorandum of understanding (MoU) with a Japanese organisation for the construction of a US$7-million rice husk electricity plant, an official with the Ministry of Agriculture and Irrigation said.

Myanmar, Thailand discuss joint venture gas pipeline

Thai Energy Minister Piyasvasti Amranand, who was attending the 25th ASEAN Energy Ministers Meeting in Singapore last wee, said he had discussed with his Myanmar counterpart progress in negotiations for natural gas trading between Thailand and Myanmar through a joint venture.

Awarding of wharf contract imminent

“The multimillion-dollar project includes the installation of a 40-tonne moveable portal crane and construction of a concrete platform 11 metres wide and 21.5 metres long. It is expected be completed by the end of next year,” ...

Garment industry told to own up to FDI

“If a factory has been set up with foreign direct investment, all taxes have to be paid in foreign currency, whereas those factories owned by Myanmar citizens are able to pay all their taxes in local currency,”

Talking tough pays off for housing dept

“We are glad to see them developing again and we really appreciate what the developers are doing to help us. If progress continues to be made on the projects like it is now, they will all be finished by the end of 2009,”


HOUSE OF THE WEEK
Teak ceilings top off inviting home
	There are four bedrooms – two on each floor – although two smaller rooms on the second floor could easily be used to accommodate a larger family if not used as a study, storage space or altar room.


Brief
»	Yangon water supplies to rise by year's end
»	YCDC cement factory to open next year

Flood help arrives from Red Cross

“MRCS is set up to help victims of disasters that occur in a limited region but it is not easy to get information on how to provide aid when the flooding is spread out over such a wide area,”

ASEAN ‘yes’ to nuclear safety network

SOUTHEAST Asian countries agreed last Thursday to establish a regional nuclear energy safety network, amid warnings from environmental activists that the risks of atomic power outweigh the benefits.

Plans laid for Yangon townships’ upgrades

TWELVE townships in Yangon Division administered by the Ministry for Progress of Border Areas and National Races will be “upgraded” by the Yangon Division Peace and Development Council to serve as model townships for the rest of Myanmar, an official from the council said last week.

Puppeteers strive to hang on to art

“One of our main aims is to promote the art by filling the seats and increasing tourist numbers. You have to persuade people to see your show. If the tourism industry can see how valuable our art is, then the performances will regain their popularity.”

Graduates present designs at Talents and Models ceremony

“We have fulfilled our purpose over the past 11 years,” said Tin Moe Lwin, founder of Talents and Models. “We have trained many very exceptional, talented young individuals to become success-ful entertainers and models.”

JOB |Domestic|

	Job Vacancy ARCHITECT CONSULTANT is URGENTLY Looking for autocad designer/ architect. 2 yrs, experience in 2d/3d. Must be BS, Arch/ or Civil: Please send the CV to chinsu Myanmar Bldg, RM 402 9Mile, Pyay Rd, Mayangone, Yangon.Ph: 661605 ext:35

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