Weekly Eleven News 2006


Weekly Eleven Vol. 2, No. 12 (December 27)


Weekly Eleven News Vol. 2, No. 11 (December 20)


Weekly Eleven News Vol. 2, No. 10 (December 13)

Weekly Eleven News Vol. 2, No. 9 (December 6)


Weekly Eleven News Vol. 2, No. 7 (November 22)

Weekly Eleven News Vol. 2, No. 5 (November 8)


Weekly Eleven News Vol. 2, No. 4 (November 1)


Weekly Eleven News Vol. 2, No. 3 (October 25)

Weekly Eleven News Vol. 2, No. 2 (October 18)


Weekly Eleven News Vol. 2, No. 1 (October 11)

Weekly Eleven News Vol. 1, No 51 (October 4)


Weekly Eleven News Vol. 1, No. 50 (September 27)


Weekly Eleven News Vol. 1, No. 49 (September 20)


Weekly Eleven News Vol. 1, No. 48 (September 13)


Weekly Eleven News Vol. 1, No. 47 (September 6)


Weekly Eleven News
Vol. 1, No. 46 (August 30)


Weekly Eleven News Vol. 1, No. 36 (June 21)


Weekly Eleven News
Vol. 1, No. 35 (June 14)


Weekly Eleven News
Vol. 1, No. 34 (June 7)


Weekly Eleven News Vol. 1, No. 33 (May 31)


Weekly Eleven News Vol. 1, No. 32 (May 24)


Weekly Eleven News Vol. 1, No. 31 (May 17)


Weekly Eleven News Vol. 1, No. 30 (May 10)


Weekly Eleven News
Vol. 1, No. 29 (May 3)


Weekly Eleven News
Vol. 1, No. 28 (April 26)

Lists of overseas investors, investment volume and their country of origin (As of 31/1/06)
           

No

Country

No. of Business

Investment volume (US$ in million)

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

Australia

Austria

Bangladesh

Brunei

Canada

China

Cyprus

Denmark

France

Germany

Hong Kong

India

Indonesia

Israel

Japan

Macao

Malaysia

Panama

Philippines

South Korea

Singapore

Sri Lanka

 Switzerland

Thailand

Netherlands

 UK (Britain)

USA

14

2

2

1

17

26

1

1

3

1

31

3

12

1

23

2

33

1

2

34

70

1

1

56

5

40

15

 

82.08

272.50

2.96

2.04

61.23

194.22

5.25

13.37

470.37

15.00

504.22

35.08

241.50

2.40

215.28

4.40

660.75

29.10

146.67

191.31

1434.21

1.00

3.38

1345.62

238.83

1569.52

243.57

 

 

Total

 

7785.86

 


Weekly Eleven News Vol. 1, No. 27 (April 12)

 ·         Vice-chairman of the State Peace and Development Council, vice-senior general Maung Aye paid a goodwill visit to Russia from April 2 to 7 at the invitation of the Russia Federation’s Prime Minister Mr Mikhail Fradkov. Burma and Russia have signed two bilateral agreements and a memorandum of understanding during vice-senior general Maung Aye’s visit. 

·         Private sector played a vital role in developing the country’s economy, Lieutenant General Myint Swe from the Ministry of Defence said, adding that 90 per cent of the country’s GDP was contributed by private sector.

·         Burma, Laos, Thailand and China have agreed to use Mekong River for oil transportation. China will make the 1200 tonnes per month trial oil transportation from May to December.

·         Local Matpe price rises significantly because of the higher demand from Indian market.

·         About 490 local and 125 overseas companies have invested K31483million and US$1610million respectively in industrial production sector. The total invested volume in that sector is the biggest compared to investments in the country’s top 11 economic sectors that include agriculture, mining, transportation and construction.

·         According to the figure released by the Ministry of Hotels and Tourism Kalaw in Southern Shan State is attracting increased number of tourists and more than 8400 tourists have visited the town in 2005-06 fiscal year.

·         The Bridge Asia Japan is building a new bridge in addition to its 44 three to 150-foot long bridges constructed for providing better transportation in Southern Maungtaw area. BAJ has already spent US$ 0.6million for bridge construction with the collaboration of UNHCR, WFP and other non-government organisations, and it will spend more $0.42million for building additional 20 bridges.

·         The Minister for Information, Brigadier General Kyaw Hsan confirmed on April 9 press conference that Naypyidaw, the new administrative seat of the country, as Burmas capital while Rangoon as a business city. Pyinmana, Laiwei and Tatkon will become the townships of the new capital.


Weekly Eleven News Vol. 1, No. 26 (April 5)

 ·         Garment industry still needs to struggle seriously even though garment factories, most of which stopped in July 2003 because of various reasons, are back in operation. Most of the garment factories in Rangoon enabled to resume their operations in early last year by receiving garment orders from countries such as China, Japan and Korea.

·         The Chairman of the commodity prices control committee, Rangoon mayor Brig-Gen Aung Thein Lin urged the business associations in Burma to help administer for stabilising the commodity prices and establishing the basic commodity price administration committee in each township. The commodity prices are skyrocketed shortly after the report of civil servants’ salary hike on March 24.

·         Ground survey for establishing the Burma-China natural gas pipeline was completed and pipeline establishing would proceed as agreed by two countries, the Times of India news agency reported.

·         Vehicle prices change slightly during this week and dealings are still low. Some owners and brokers postponed selling their vehicles due to the fluctuation prices even though demand increased since late March.

·         Prices of basic commodities and fuel changed noticeably during a couple of days as a result of closer water festival. Some suggested that the hiking prices were due to the salary raise for the government employees while some said it was because of the higher demand from beans and pulses farmers who received promising price for their crops in recent harvest season.

·         Gold price that went up few days ago became stable in end of March. The price reached to K0.4million per tical on March 26 and has dropped to K0.38million in late last month.

·         Burma has privatised 194 state-owned enterprises of ten ministries during 1995 to 2006. Among the privatised enterprises 123 are from the Ministry of Information.

·         The 5th 47-member State Sanga Maha Nayaka Committee urged the monk and novice community to follow the committee’s guideline number 72 that prohibited them involving any gambling, business activities, and requesting donations in the transportation stations, restaurants and tea shops.

·         Forty-three city buses will be included as part of the All Round Buses Control Committee’s Rangoon city passenger transportation service which is currently operated with 2226 buses.      



Weekly Eleven News Vol. 1, No. 25 (March 29)

 ·         Burma used preventative measure for controlling bird flu and it still was no plan to use bird flu vaccine in order not to generate undesirable outcomes because of using vaccines, an official from the bird flu control central committee said.

·         A Malaysian delegation led by the Malaysian FM, Dato’ Seri Syed Hamid Albar, visited Burma on March 23 and 24. The delegation has met with Burmese FM U Nyan Win on March 23 and Prime Minister General Soe Win on March 24.

·         Burmese announced amending of its Income and Commercial Tax laws on March 24.

·         The commodity price proposals of the importers are to go along with the prices prescribed by the Customs Department’s commodity prices for application of the import licences.

·         Burmas second largest border trade zone, Myawaddy Trade Zone situated in Burma-Thailand border area in Southern Karen, will be open later this year. Thailand is the main trading partner of Burma and bilateral trade volume last year increased about 20 per cent compared to 2004.

·         India still has yet to invest in Burma even though it desires increasing bilateral trade. It achieved US$425million out of targeted US$1,000million trading value, and it will strive to gain US$2,000million trading volume within three years.

·         Massive volumes of onion are smuggled to Thailand, and onion export will be withheld if illegal exporting impacts local market and price.

·         The Myanmar Citizens Bank Limited is listed at the Myanmar Securities Exchange Centre Co., Ltd which is established by Japan and the Myanma Economics Bank.

·         Burma became a member of the Asia-Pacific Group on Money Laundering on March 9. It was the eighth ASEAN countries that became a member of the group and as the member of the group Burma would enable to conduct money laundering activities more effectively, a senior official from the Ministry of Home Affairs said.

·         Japan International Cooperation Agency donated US$18,000 worth 465 writing materials for the blind to eight blind schools throughout the country. The blind schools formerly were using only 350 writing materials donated by the United Nations Development Program in 1990.

·         The 43rd gem emporium held from March 15 to 24 attracted more than 2,000 gem traders from 16 countries.                

·          The Department of Forestry is working to establish the Tanintharyi natural forest reserve project in collaboration with Mottama Gas Transportation Company and Tanintharyi Pipeline Company. The 30-year project is to be established between Dawei River and Burma-Thai border in Tanintharyi Division.

·         A 13-mile eight-lane road linking Kyatpyae and Ala Airport is expected to complete later this year. The completion of road will enable the passengers to go directly to the airport without passing Pyinmana.

·         Six hotels in Pyinmana hotel zone are open to help facilitate the guests from local and international organisations.

·         A small amount of Tamiflu bird flu vaccines arrived in Burma with the assistance of the World Health Organisation and more are likely to arrive later.

The Myanmar Rice Traders Association is planning to sell rice with discount prices in 18 townships and six tax-free markets in Rangoon municipal area in an attempt to control the rice prices


Weekly Eleven News Vol. 1, No. 24 (March 22)


Weekly Eleven News Vol. 1, No. 23 (March 15)


Weekly Eleven
News Vol. 1, No. 22 (March 8)


Weekly Eleven News
Vol. 1, No. 21 (March 1)


Weekly Eleven News Vol. 1, No. 20 (February 22)


Weekly Eleven News Vol. 1, No. 19 (February 15)


Weekly Eleven News
Vol. 1, No. 18 (February 8)


Weekly Eleven News
Vol.1, No. 17 (February 1)



Weekly Eleven News Vol. 1, No. 15 (January 18)



Weekly Eleven News Vol. 1, No. 14 (January 11)


Weekly Eleven News Vol. 1, No. 13 (January 4)