A GROUP of Myanmar merchant seamen returned
home last week after surviving an explosion aboard a cargo
ship off the South American coast.The ship’s captain, Kyaw
Htay Oo, and five Myanmar crewmen died in the explosion, off
the Colombian coast on February 28. Three crewmen who were
injured in the incident are still in hospital in Colombia. [FullStory]
Thinking Aloud talks to U
Nyein, the patron of the Myanmar Rice Traders’
Association.
A THAI company has been granted the right to
fish in Myanmar’s Exclusive Economic Zone under an agreement
that is expected for the government to earn more than US$260
million during the next five years, a senior official said
last week.[Fullstory]
ECONOMICS experts and leading business
figures last week said that many public-listed companies will
have to emerge in Myanmar if the country intends to strengthen
its economy and integrate further into an international
marketplace. [Fullstory]
“Three months ago we were selling 500 watt
Sumec-brand generators from China for K60,000 but strong
demand has pushed their price up to K100,000,” said U Hla Oo,
the general manager of the Tong Tah Company Ltd, which is also
the sole agent for Yamaha-brand generators from Japan. [Fullstory]
MANDALAY Division beach volleyball team realised its dream
of winning a hat-trick of gold medals at state and division
level last Friday, after staging a dramatic comeback against
Yangon Division at Thuwanna youth training playground.After
going a set down, veteran pair Maung Maung Htwe and Aung Thu
Myint displayed some brilliant blocking and electric spikes to
win 18-21, 21-11, 15-12 in 33 minutes, becoming the first
men’s team to win the competition three times. [Fullstory]
AN increasing number of hotels being built in Myanmar
are of international standard, the director general of
the Directorate of Hotels and Tourism, U Khin Maung
Latt, said last week. [Fullstory]
THE International Labour Organisation has welcomed a
commitment given by the government to implement a plan
of action on eradicating forced labour, the ILO said in
a report released last Friday.[Fullstory]
THE United Nations Food and Agriculture Association
has provided US$356,000 to the Ministry of Livestock and
Fisheries for a technical cooperation program to assist
the development of the small-scale dairy farming
industry. [Fullstory]
MORE THAN 30 journalists from Mekong sub-region
countries met in Bangkok late last month to share their
experiences after completing assignments under two media
fellowship programs.One program arranged by the
Bangkok-based Inter Press Service involved 17
journalists, including a senior editor from Myanmar
Times. [Fullstory]
CONSTRUCTION of the
extension on the western side of Zegyo Market, the
biggest market in Mandalay, will begin within the next
month, a spokesman for the project’s development company
said.[Fullstory]
A YANGON property
developer last week revealed plans to build a K2 billion
hi-tech condominium on the corner of Bo Soon Pat Street
and Merchant Road, in Pabedan township.[Fullstory]
INCREASED production is pushing the
country to export the rice crop in the near future and
with domestic prices low and export prices high the
timing could be right, rice industry players said last
week. [Fullstory]