Myanmar mega-company given impunity for illegal oil import

3 Dec 2012

No legal action was reportedly taken against a giant import company 

for illegal import of petrol. Instead, the company will only be fined in line 
with customs procedures, officials from the Customs Department say.

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Vietnam, Myanmar sign US$543m worth agreements

3 Dec 2012

Vietnam and Myanmar signed five joint-venture agreements worth US$543 

million during a business forum in Yangon on November 30.

Vietnam President Truong Tan Sang attended the event at the head office 

of the Republic of the Union of Myanmar Federation of Chambers 

of Commerce and Industry.

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Myanmar to construct an offshore drill in 2013

3 Nov 2012

An oil and gas drilling machine will be constructed at the offshore site 

“M-11” in Myanmar in 2013, according to Total E&P Co (Yangon).

“We have 40 per cent share in the M-11 project, and we are now planning to set up 

a drill. I think we can begin after the rainy season of 2013 [November],” 

said Namita Shah, general manager of Total E&P.

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Inle Lake faces tourist dilemma

1 Dec 2012

A sharp increase in the number of visitors to Inle Lake in southern Shan State 

is forcing up the room rates at hotels and guest houses this season.

“Foreign tourists often don’t know what to do,” said local resident Mya Maung. 
“They expect to pay around US $25 per night for a room, but now the lowest rate 
you’ll find is between $60 and $70.”

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Naypyitaw real estate market comes alive

1 Dec 2012

Real estate agents in the Burmese capital are enthused that the long neglected 

market for houses in Naypyitaw is finally showing signs of a boom.

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Rangoon ICT Summit launches on Monday

1 Dec 2012

The Inya Lake Hotel in Rangoon will provide the setting for the “INTO MYANMAR ICT 

Global Summit: Mobile Telecom | Internet Infrastructure | Cloud Computing” summit on Dec 3-4.

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