Monday, August 21, 2017

Gold prices up, even with weak demand

All is not well in the gold market, say jewellery shop owners and traders, as high international prices, combined with low consumer spending power at home have seen demand plummet by as much as half compared to last year.

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More SOEs up for auction

The government is inviting tenders for the purchase and privatisation of 57 state-owned enterprises (SOEs), according to an announcement issued by the State-Owned Privatization Commission (SOPC) in Nay Pyi Taw.

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Fertiliser sales remain flat

Chemical fertiliser sales in Mandalay and upper Myanmar remain flat as the monsoon rains have failed to arrive on time, say a number of market sources.

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Garment demand from SK strong

Korean firms are ordering more garments from Myanmar as tension along the border between North and South Korea has reportedly raised concerns about the security of the industrial zones there.

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Overseas medical services business picking up steam

Advanced technology and increased chances of survival are behind the increasing number of Myanmar people travelling abroad for medical procedures, a number of doctors in Yangon said last week.

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Struth! Eucalyptus to grow along the Ayeyarwady

Tough, quick-growing Eucalyptus trees will be grown along the western bank of the Ayeyarwady River by the end of 2009 to sustain the natural environment, said U Tin Maung, the director of Honda Myanmar Company Limited, last week.

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Rubber exporters missing out on bounty: MRPPA

Rubber producers are missing out on abundant demand for high-quality rubber, an official from the Myanmar Rubber Planters and Producers Association (MRPPA) said last week.

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Egg prices fixed at K90

The Egg Sellers Association has announced that it will fix the prices of eggs that it sells from its outlets at K90 each from August 7, said the association’s chairman, U Joseph.

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Regional fisheries team visits Myanmar to discuss industry

Members of the ASEAN Seafood Federation (ASF) recently visited Myanmar to discuss the future of the regional block’s fisheries industry.

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Govt announces huge Yangon property sale

The government has announced that it will auction 147 state-owned properties in Yangon’s municipal areas, the State-Owned Privatisation Committee announced in Nay Pyi Taw last week.

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