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Business news from Myanmar (18 Octo



Subject: Business news from Myanmar (18 October 1999) 

MyaBuzz
Business news from Myanmar (18 October 1999)

C O N T E N T S
1018-01 Timber Entrepreneurs On Trade Promotion Tour
1018-02 Jade Sale In Yangon's Mid-year Gems Emporium
1018-03 Yangon's Economic Development Stressed
1018-04 Malaysia Delegation In Yangon
1018-05 Marubeni Corporation in Bilateral Talks with Finance Ministry
1018-06 Japanese Educational Contribution
1018-07 Myanmar Last Week 
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1018-01 Timber Entrepreneurs On Trade Promotion Tour
**A group of 22 Myanmar timber entrepreneurs left for Malaysia, Thailand,
Singapore and Hong Kong last weekend.

The entrepreneurs representing the Myanmar Timber Entrepreneurs Association
will seek for the export potentials for Myanmar timber and to study the
timber based industries during their 11 days tour.

1018-02 Jade Sale In Yangon's Mid-year Gems Emporium
**Bidding for jade at the ongoing Mid-year Gems Emporium in Yangon started
on 14th October.

150 lots of jade worth over US$ 1.3 million were sold during the first day
of the jade sale. Further sale of jade are expected in coming days. Over
1,000 lots of jade are put on display at the emporium.

1018-03 Yangon's Economic Development Stressed
**Yangon Mayor attended the Regional Exchange Summit in the Jingsu
provincial capital Nanjing (China) from 8 to 11 of this month.

The summit was attended by the 200 representatives including the mayors and
governors from 10 ASEAN nations plus Korea and Japan. The Chinese Vice
Premier delivered the opening address to the summit meeting. 

The meeting stressed need for the greater economic prosperity and ecosystem
conservation of the cities in the participating nations. 

1018-04 Malaysia Delegation In Yangon
**A delegation led by the Director of Prime Minister Department of Malaysia
is currently in Yangon and on 14th October met with the Myanmar's Commerce
Minister.

Compared to last year Myanmar-Malaysia bilateral trade has increased this
year. Myanmar's export figure with Malaysia for the first half of this year
stands at US$ 24.9 million. Myanmar's export figure to Malaysia for the
same period last year was US$ 19.7 million.

1018-05 Marubeni Corporation in Bilateral Talks with Finance Ministry
**General Manager of Japan's Marubeni Corporation met this Thursday with
Myanmar's Finance Minister in Yangon to discuss for increased bilateral
cooperation. 

During this year, Marubeni Corporation and Myanmar's Ministry of Electrical
Power built two combined cycle power plants in Yangon.  

1018-06 Japanese Educational Contribution
**A grant contract was signed between the Japanese ambassador in Yangon and
Myanmar educational authority for the building of four schools in Myanmar's
Yangon and Bago provinces.    

This August, a Japanese non-governmental organization ACCU entered into
contract for the setting up of a centre for literacy activities for women. 

1018-07 Myanmar Last Week 
**Last week's business summary:
1. Myanmar hosts the 17th Meeting of Health Minister of South East Asia
Region of WHO last week in Yangon's Traders Hotel. The meeting were
attended by the health ministers of Bangladesh, Myanmar, Maldives, Bhutan,
India, Korea, Thailand and representatives of the World Health Organization
(WHO).

2. Mid year gems emporium commences in Yangon last week. Myanmar jade,
various gems and pearls worth US$ 11.18 million were put on display for the
overseas gem merchants to check first. The bidding will be done from 14
October.

3 Myanmar's Ministry of Light Industry announced last week its plan on
building a new pulp mill and a paper mill in southwestern province of
Ayeyawaddy. The daily production capacity of the pulp mill will be 200 tons
and that of the paper mill will be 50 tons 
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