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Burma Related News - August 15, 2001.



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BURMA RELATED NEWS - August 15, 2001.
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HEADLINES
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AFP - Builders cash in on Brunei royal sell-off
Asia Pulse - Taiwan's External Trade Council to Tap Foreign Markets
The Star - Runcit scheme to be introduced to more nations
Bkk Post - God's Army duo ask to stay
Bkk Post - Cross-border drug fight tops meeting
Xinhuanet - Myanmar Increases Edible Oil Import in First Quarter
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Wednesday August 15, 4:20 PM
Builders cash in on Brunei royal sell-off
 
BANDAR SERI BEGAWAN, Aug 15 (AFP) - Stocks of rare teak from Myanmar and ash wood from the United States took the spotlight on Wednesday in Brunei's mammoth auction of assets belonging to a bankrupt firm of Sultan Hassanal Bolkiah's disgraced younger brother.
 
About 50 people, mostly building contractors, turned up to bid for the high-quality timber, some of which went for 20,000 Brunei dollarsper 100 tonnes.
 
Bits and pieces of mostly German-made machinery such as sawing and cutting equipment were also being snapped up at prices between 500 and 1,500 Brunei dollars.
 
A parallel auction of house fittings, including four jacuzzi bath-tubs going for 400 to 500 dollars, also continued.
 
British auction house Smith and Hodgkinson has compiled 10,000 items to be sold in the six-day event -- described by them as the "mother of all auctions" -- which began on Saturday.
 
More than 3,500 items have been cleared since the auction started, with more than two million Brunei dollars raised so far.
 
The 10,000-item catalogue comes from flamboyant Prince Jefri Bolkiah's flagship company Amedeo Development Corp., which collapsed under a mountain of debt three years ago.
 
Brunei filed a civil suit against Prince Jefri after discovering its foreign reserves were being siphoned off to pay for his high living.
 
The prince reached a settlement with the government last year and agreed to return all the assets he had acquired, including several hotels and high-end properties, aircraft, and luxury yachts.
 
Court documents presented at closed-door hearings showed Prince Jefri spent 2.75 billion US dollars over a 10-year period on aircraft, yachts, motor vehicles and jewellery.
 
While he was on trial on charges of misappropriating nearly 15 billion dollars, the prince was allowed by the courts almost 300,000 US dollars a month to support his four wives and 35 children.
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Wednesday August 15, 9:26 AM
Taiwan's External Trade Council to Tap Foreign Markets
 
TAIPEI, Aug 15-ASIA PULSE In order to tap foreign markets, the China External Trade Development Council [CETRA] will implement a "trade point project" to expand Taiwan's foreign trade, a CETRA official said Tuesday.
 
CETRA Secretary-General Huang Chih-peng presented a CETRA flag to six trade "explorers" who will tap trade opportunities in five new emerging market -- Myanmar, Pakistan, Ukraine, Iraq and Kazakhstan.
 
The project will consist of two-member teams equipped with notebooks, printers and digital cameras, who will visit the emerging market countries for three-month stays to collect first-hand information on trade opportunities and send regular and timely reports home to help local traders wishing to explore these markets.
 
The trade promotion teams are expected to call on more than 200 trade organizations, importers and exporters, chain stores and large enterprises and write 150 articles on business news during their visits.
 
The information sent in by the teams will be available on the CETRA Web site, the official added.
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The Star - August 15, 2001.
Runcit scheme to be introduced to more nations
 
SEMARAK Alamiah Sdn Bhd, the organiser of an innovative bumiputra entrepreneur development project, expects to introduce a similar scheme to other countries by the end of the year.
“So far Thailand, Indonesia, Myanmar and South Africa have already shown their interest in the project,’’ project chairman Mohd Shafi’e Jaffri said after the official launch of Projek Wawasan Peruncitan Bumiputra (Runcit) in Kuala Lumpur yesterday.
 
He, however, declined to say if the countries involved would participate in the project as part of a global e-commerce network or to have a modified scheme implemented in their respective countries.
 
Shafi’e said the Runcit scheme was aimed at enhancing the role of bumiputras in the retailing, franchising and construction industry through the extensive usage of information technology (IT) in every aspect of managing a business.
 
To date, Semarak Alamiah together with Compaq Worldwide and Wallet21 had spent RM45mil to develop the IT infrastructure and an e-payment and financial control application called Karung21 which is being implemented in the scheme.
 
Shafi’e said currently more than 1,000 vendors had agreed to participate in the project.
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Bangkok Post - August 15, 2001.
God's Army duo ask to stay
Wassana Nanuam
 
Johnny and Luther Htoo, the twin boys who led the Karen God's Army ethnic rebels, have decided to stay in Tak instead of migrating to the United States under a refugee repatriation programme.
 
A Kanchanaburi-based Surasee taskforce source said the boys decided not to leave despite passing repatriation interviews with the US embassy and the United Nations High Commissioner for Refugees.
 
The chain-smoking twins gave no reason for their decision but sought permission to stay at Ban Ton Yang shelter in Tak, the source said.
 
The army wants the brothers and their family to resettle in the US so they could benefit from better living conditions and education.
 
The boys were believed to have gained weight but were unable to quit smoking.
 
They continue to keep their hair long in the belief it ensures their good health.
 
They are currently at a border patrol police unit in Suan Phung district, Ratchaburi, awaiting transfer to Ban Ton Yang shelter in Tak.
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Bangkok Post - August 15, 2001.
Cross-border drug fight tops meeting
Anucha Charoenpo
 
Thai and Burmese officials meet in Phuket today to strengthen cross-border efforts against drugs trafficking from Burma to Thailand.
 
This would be the focal point of their fifth official meeting, said Chatchai Suthilklom, deputy secretary-general of the Office of the Narcotics Control Board. Mr Chatchai, who takes 10 delegates to the two-day meeting with Pol Maj-Gen Soe Win, Burma's police chief, and 12 Burmese officials, said trafficking had reached a critical point.
 
Delegates were expected to exchange information on a list of suspects to enable arrests.
 
Thai drug officials, he said, were worried about trafficking at sea and would ask their Burmese counterparts to pay attention to this trend, which originated from Burma.
 
Thai officials seized eight million methamphetamine tablets and 116 kilogrammes of heroin from two Thai trawlers off the Surin islands this year.
 
The drugs came in from Burma and were destined, via Thai waters, for Singapore and the world market.
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Myanmar Increases Edible Oil Import in First Quarter
Xinhuanet 2001.08.15 10:21:10
 
YANGON, August 15 (Xinhuanet) -- Myanmar imported 21.9 million U.S. dollars worth of edible oil including vegetable oil and other  hydrogenated oil in the first quarter of this year, a 69.7-percent increase compared with the same period of 2000, according to the  latest figures issued by the country's Central Statistical  Organization.
 
Myanmar's increase in the edible oil import was seen as its bid to meet the country's demand, while domestic production was low..
 
Meanwhile, Myanmar has been extending oil crops cultivation in  the country by private entrepreneurs, to whom more vacant and  virgin lands have been leased for the undertaking since early 1999.
 
Besides, the government encouraged the oil crop growers by  providing them with agricultural loans and advance payment for the purchase of the crops.
 
According to official statistics, Myanmar cultivates 650,000  hectares of oil crops, of which 450,000 hectares are covered by  groundnuts and 200,000 hectares by sunflower, the two major oil  crops in the country.
 
In addition, cultivation of soy beans and oil palm is also  being extended for extracting edible oil.
 
The statistics also show that annual production of edible oil  amounts to 200,000 tons, while annual import stands at 100,000  tons.
 
Meanwhile, an edible oil industrial zone is being developed  near Yangon's Thilawa Port to boost the country's oil production.
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