MYANMAR ECONOMIC ASPECTS

COCA COLA IS COMING TO MYANMAR

H.E. Mr. David L. Carden, U.S. Ambassador, said  on September 7 that Coca Cola  Company will invest in Myanmar US Dollars 100 million within three years.

This investment will give jobs to 2000 workers.Then with PACT Group,the company will search 20,000 jobs for women.

Coca Cola will be first American company invested in Myanmar.

MYANMAR AGRIBUSINESS PUBLIC CORPORATION LIMITED

Myanmar Rice Industry Association Information Officer

Dr. Soe Tun said that Myanmar Agribusiness Public Corporation Limited is arranging to make a Project of Rice Industry Complex on 1000 Acre Land at five main Rice Paddy areas. The project will cost US Dollars 10 million.

U Myo Thuya Aye of MAPCO said that tenders will be invited to Foreign Investors.Main job will be done by MAPCO.The mills included high quality Rice Mills,Full Boiled Rice Mills,Bran Oil Mills and Rice  Vercimeli Mills.

15  places will be  chosen in   Yangon Province, Ayeyawady Province and  Bago  Province.

Vietnam signed MOU to share US Dollars 200 million for the said Project.

MYANMAR INDUSTRIAL DEVELOPMENT BANK CHANGES

U Thein Zaw,Deputy Director General of Union Bank of Myanmar said that Myanmar Industrial Development Bank will be turned to Myanmar Small and Medium Scale Enteprises Development Bank.