MYANMAR RICE BUSINESS

MYANMAR RICE INDUSTRY ASSOCIATION

Myanmar Rice Industry Association will start sale of reserve rice at Bayintnaung Brokerage an Wadan Street Brokerage as of early  September with the aim of satisfying domestic rice demand.

"We prepare for more transparency in sale of rice.About 10,000 bags of rice will be sold directly at brokerage daily.It is aimed at controlling price of rice in domestic rice market as much as we can,"an official of MRIA.

In the previous sales through tender,the news spread out that only some rice merchants got the opportunities for sales of rice and it consequence raised the prices o frice.This time,the transparency of sale opportunity will be performed.

Rice merchants from regions and states have planned to sell out over 100,000 bags of rice at fair price for the people.

Last month,heavy rains and floods inundated over 200,000 acres of farmlands in Ayeyawady Region.

"Although reserve rice is being sold,price of rice is still high due to the fact that people buy rice based on jtheir worry.Regular consumers also purchaes rice more than their needs.If reserve rice is sold,anybody should not worry about problem of rice price in the market.Not only the association but also other rice companies will sell out their reserve rice if necessar,"said a general manager of rice company.-Myanma Alin.

INDIAN ENTREPRENEURS TO INVEST IN MYANMAR

Republic of the union of Myanmar Federation of Chambers of Commerce and Indutry and Indian entrepreneurs discussed bilateral trade, promotion of border trade,investment of Indian enterpreneurs in education,agriculture,health,services and transport infrastructures,cultivation of cotton and establishment of cotton ginning factory in Sagaing Region,direct flight of India-Myanmar aviation on 30th August,.

ASIAN CEMENT TRADE SEMINAR 13-14 SEPTEMBER

A seminar on cement trade and businesses of Asian countries will be held at Sedona Hotel on

13 and 14 September. The seminar will mainly be attended by entrepreneurs from China which is the top cement producing country ,Indian businesses and cement exporters from Thailand for enabling local cement entrepreneurs to have cement production and better techniques.

MYANMAR GLOBAL INVESTMENT FORUM

The Euromoney Myanmar Global Investment Forum will be held at Myanmar International Convention Ceter,Naypyidaw on 12 and 13 September.State digniteries,American Ambassador H.E. Mr. Derek Mitchell,CEO from S.E Asia of Standard Chartered Bank,Representatives from IFC,IMF.JICA,Bangkok Bank,Siam Bank,BNP Paribas,CIMB and Myanmar entrepreneurs.They will discuss on Future of Myanmar Economics,Marketing and Development of Banking Business,Myanmar Investment Laws,Land and Real-estate Business,Subject on Basic goods production,transportation,Development of infrastructure,Investment in Agriclulture Sector,etc.

UNION ENERGY MINISTER CALLS FOR BOLD REFORM

"The Ministry could achieve success in both upstreeam and downstream sections of energy sector.The operating ration stands at approximately 49.06 percent in five years beginning 2006-2007. The projected ratio for 2012-13 fiscal year is 57.17 per cent. The ministry should not be content with current success but is to exert greater efforts for contribution to national econonmic performance and better service delivery. The staff personnel are to make self-assessment while evaluating the objective conditions of own department and ministry in comparison  with international norms and are to make reforms as necessary" said Union Minister for Enegy U Than Htay at coordination meeting of the ministry on national development planning at the ministry hereon 7 September.

The Union Minister said that there are only two driving forces in implementing a piece of work,priciple and personnel. The upper hiearchy needs to adopt proper policy and management system as necessary and the staff personnel are to try hard to change their mindset and ensure self-improvement. Energy sector development straegies are to be fromulated considering nthe present economic,politicaland social status of the country.

Then Deputy Minister U Htin Aung,director-genral and managing directors and participants made discussion and suggested for energy sector development and reform.

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