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November 17 - 23, 2003 Myanmar's first international weekly Volume 10 , No.192
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THE prime ministers of Myanmar, Thailand, Cambodia and Laos have hailed the outcome of their economic summit in Bagan last week as “productive and constructive”. The one-day summit on November 12 adopted the Bagan Declaration, which provides for a far-reaching plan of action on a range of development projects to be implemented during the next 10 years..[FullStory]

 

THE Thai Prime Minister, Mr Thaksin Shinawatra, has welcomed the outcome of the Bagan summit, saying it had forged a partnership aimed mainly at sharing prosperity.[FullStory]

A SENIOR government official has expressed cautious optimism about further foreign investment in the mining sector following a visit to China by a delegation headed by the Deputy Minister for Mines, U Myint Thein..[FullStory]

MYANMAR’S textile industry has shown signs of improvement in the past two months as companies find alternatives to the United States market, industry sources said last week.[Fullstory]

 
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 NEWS

THE advertising industry in Myanmar, which since last February has seen a reduction in the number of spots sold each month, enjoyed a slight increase in sales in October..[Fullstory]

MYANMAR’S textile industry has shown signs of improvement in the past two months as companies find alternatives to the United States market, industry sources said last week..[FullStory]

A nation-wide distribution network is essential to achieve good lottery sales because of high demand in rural areas, says one of the country’s biggest retailers of lottery tickets. [Fullstory]

MYANMAR Motion Picture Enterprise under the Ministry of Information has begun a training course aimed at providing its staff with knowledge of all facets of film production, an official said last week.[Fullstory]

 BUSINESS NEWS

THE tourism industry is quietly optimistic that the number of visitors during the current peak season could come close to matching last year’s record figures. Representatives of some travel companies and international-class hotels say their optimism is based on steady bookings for the coming months.[Fullstory]

DISCOUNTS of up to 50 per cent offered at some supermarkets across Yangon saw the generally busy Tazaung-dine festival period consistently good, a Myanmar Times market survey has found. [Fullstory]

LOW operating costs and the ability to easily move to another location have helped to ensure that street vendors in Yangon are able to make a profit despite movements in the economic climate. [Fullstory]

 
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