Myanmar Times & Business Reviews

December 3-9, 2007

Myanmar's first international weekly ©

Volume 20, No. 395

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Bamboo blind workers face the machines

“We are entering the local market first and then we hope to penetrate the Asian market,” said U Thant Zin, production manager for bamboo products at KKA, which in October started using machines to produce bamboo blinds.

First Private Bank plans expansion

IN a show of its confidence in the future, First Private Bank Ltd will pursue plans to double its authorised capital from K5 billion to K10 billion after gaining unanimous approval from shareholders at its 16th annual general meeting on November 24.

Cheap and versatile, plywood furniture builds a solid future

“With the rise of deforestation resulting from economic development and urbanisation, the market for plywood furniture, which is a substitute for hardwood furniture, will flourish even more,”

FPB sees deposits rise 56pc

TOTAL deposits of First Private Bank (FPB) increased an impressive 56 percent to K24.7 billion in the 2006-07 financial year from K15.8 billion in 2005-06, the bank stated in its annual report.

Vague job titles creating confusion

COMPANY job titles and the responsibilities arising from them are not clear to many foreign businesspeople and confusion over positions could prove costly, a recent seminar was told.

Oil sector dominates Myanmar investments

FOREIGN investment in Myanmar’s oil and gas sector reached a record high of more than US$470 million in fiscal year 2006-07, accounting for more than 60 percent of the total, according to newly released government statistics.

Café banks on bold design

“It’s mostly glass walls on the ground floor – plus a few bricks at the back of the building – in order to let enough light in, but we design to install sunshades to prevent it overheating,”


briefs
»	YCDC breaks ground on new cement plant


HOUSE OF THE WEEK
Quality home calling for $4000 a month
	The newly built house on Kaba Aye Pagoda Road in Mayangone township has six bedrooms, is well-situated for business needs, and comes with a secondary two-storey brick house at the front of the property.

Colourful elephant parade attracts stampede of art fans

STRAND Hotel is famous for providing accommodation to well-heeled tourists from around the world, but on Thursday it played host to an altogether different kind of crowd – a herd of 21 brightly coloured elephants and their human admirers.

At last! Yangon taxies get meters

TAXIS in Yangon will be required to install fare meters starting January 1 under a directive issued last month by the Yangon Division Supervisory Committee Ensuring Smooth and Secure Transport, said a senior police official.

Yangon Zoo animal cages renovated

“We couldn’t renovate all the cages in two weeks so we arranged to do some of the simpler cages. After the training the staff will be able to renovate the rest of the cages in the zoo,”

New traditional medicine course opens

“The idea to offer a regular bridge course leading to a bachelor of Myanmar traditional medicine (BMTM) degree was suggested at a seminar on the development of Myanmar traditional medicine in July,”

Htay Htay creates art from circuit boards

“I was watching my son use acid to remove the unwanted copper from the circuit boards he was making when I suddenly wondered whether I could make a painting using the same technique,” ....

Designer forsakes healing for fashion

“I didn’t really set out to become a clothing designer but now that I’ve become one, I plan to make a successful business and open a health clinic that treats people for nothing. That is my dream,” ......

JOB |Domestic|

Job Vacancy Announcement
(for Local Service Only)

Position: Manager
Duty Location: Hpa-an Orthopedic Rehabilitation Centre, Hpa-an, Kayin State

Myanmar Red Cross Society is urgently looking for the above position with attractive salary .

Interested person can obtain the detail Job Description from the Administration and Health Division, MRCS Hqs building and ngoinmyanmar.org.mm website.The closing date is16:00 hours on 7th December 2007.

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