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Vol. VI, No. 3, March 1992 +-+-+-+-+ - Ibiblio

Vol. VI, No. 3, March 1992 +-+-+-+-+ - Ibiblio

Vol. VI, No. 3, March 1992 +-+-+-+-+ - Ibiblio

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47 exporters, 49 importers, and 34 business representatives, bringing<br />

the total (minus cancellations) to 2,125, 1,455, and 735<br />

respectively. (WPD 3/1)<br />

Energy, Fuel, and Transport<br />

Feb. 29: Minister for Energy U Khin Maung Thein formally<br />

initiated operations at Laymyethna <strong>No</strong>. 1 Oil Test Well in Hinthada<br />

Twp. [Ayeyarwady]. (WPD 3/1)<br />

Mar. 1: State LORC Secretary (2) Maj-Gen. Tin Oo visited the<br />

natural gas pipeline of the Aphyauk test-well in Taikkyi Twp.<br />

[Yangon]. The 14.5 mile pipeline, being constructed by the <strong>No</strong>. 11<br />

Light Infantry Division, will bring natural gas from the well to the<br />

main pipeline at Thanatchaung village, from where it will go to<br />

factories in Yangon, Tanyin [Syriam], and Hmawby. The existing 6 inch<br />

pipeline from Kyetphugan to Zigon villages is being replaced with an<br />

11-mile 10 inch pipeline to send natural gas to Hmawby and<br />

Danyington. (WPD 3/2)<br />

Mar. 5: An agreement was signed between Myanma Petroleum<br />

Products Enterprise and Castrol Singapore Pte. Ltd. for selling and<br />

distributing fuel oil and lubricants on a consignment basis. (WPD<br />

3/6)<br />

Mar. 9: The first 100 (of 200) bogies purchased from Yunnan<br />

Machinery and Equipment Import & Export Corporation, arrived at<br />

Lashio, via Muse, on Feb. 29. The rest will arrive in May. The<br />

contract, for US$283,000, was signed in <strong>No</strong>v. 1991. (WPD 3/10)<br />

Mar. 16: 40 more Daewoo buses, out of 200 ordered by the Road<br />

Transport, arrived on the MV Mawlamyine. The new Ro Ro II ferryboat<br />

was completed; it is 130 ft. long, 30 ft. wide, and draws 6 feet.<br />

Fitted with a 250 HP engine, it cost over K2 million and can carry 7<br />

ten-ton trucks. It will be used on the Insein-Hlinethaya ferry<br />

service. (WPD 3/17)<br />

Mar. 27: Beginning Mar. 26, oil can be exploited commercially<br />

from Well <strong>No</strong>. 116 of the Pyaytaungdan Oil Field. (WPD 3/28)<br />

Gems and 29th Gems Emporium<br />

Mar. 2: Total sales at the 29th Myanma Gems Emporium were<br />

K52,909,943 (US$8,771,397). Of this K1,720,856 went to joint ventures<br />

and K4,246,822 to private entrepreneurs. The sales broke "the sales<br />

record." 585 merchants from 18 countries participated. (WPD 3/3)<br />

Mar. 6: 29th Myanma Gems Emporium: Source of finest gems, by<br />

Maung Maung Aye. [Interviews on notable gem sales.]<br />

Mar. 26: A new site with rough ruby deposits has been<br />

discovered, thanks to "some patriotic and duty-conscious persons."<br />

They deposited with the authorities 369 rough rubies weighing a total<br />

of 227 carats, including one 11.7 carat stone. Subsequently, 301 star<br />

rubies weighing 111 carats [details] and 67 cabochon rubies weighing<br />

15 carats were obtained. They are of "exquisite quality" with varying<br />

colours including pigeon blood. Tests are under way to decide whether<br />

to designate the area as a "stone tract of the State." [photo] (WPD<br />

3/27)<br />

New 10-pya Coin<br />

Mar. 2: A new 10-pya coin will be issued on April 1. The design<br />

is the same as that announced Feb. 27, 1983, except that the legend<br />

(in Burmese) reads "Central Bank of Myanmar" instead of "The Union of<br />

Burma Bank," and the date is 1991. [photo]. The coin is circular,<br />

with a diameter of 20.42 mm and a thickness of 1.3 mm. The edge is<br />

smooth (not milled). The weight is 2.8 grammes. All currency coins<br />

currently in use remain legal tender. (WPD 3/3)<br />

Coop Exports<br />

Mar. 10: Co-operative Societies export earnings were US$610,000<br />

in 1989-90; $3.16 million in 1990-91; and $9.29 million in 1991-92.<br />

The target for <strong>1992</strong>-93 is $11.33 million. (WPD 3/11)<br />

Banking System

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