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MYANMAR-JADE-SALE
New gems bill worries Lower House lawmakers. Gem merchants examine jade lots at a special sale of jade in Yangon, Myanmar, July 3, 2006.Photo: EPA

Nay Pyi Taw – The Lower House is planning to adjust a Myanmar gems bill to remove total government control over the lucrative gems industry.

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Local bean companies aim to double the export volume of beans to quality-sensitive European markets starting in the coming export period of January, bean exporters told Mizzima.

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Myanmar and Thailand’s chambers of commerce have held discussions in the Mae Sot Thailand-Myanmar border town to draw up a joint master plan to develop special economic zones in both countries, according to The Nation.

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oil-worker-under-an-oil-well
A file photo dated 09 November 2007 showing an oil worker under an oil well as he checks the oil pumping equipment at Gudong oil field which is a part of China's Shengli oil field, 09 November 2007.Photo: EPA/WU HONG

Singapore (AFP) - Oil prices bounced from multi-month lows in Asia on October 9, lifted by an equities rally and a weaker dollar as minutes from the US Federal Reserve's latest policy meeting indicate it may keep interest rates at record lows longer than expected.

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Myanmar rice exporters are set to resume maritime trade that was suspended during the rainy season, according to the Myanmar Rice Federation Joint Secretary Dr. Soe Tun October 9.

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Gem traders in Mandalay say they will submit a petition to the watchdog that controls the sale of the Myanmar’s gems, demanding they tighten their watch on foreign investors who they allege create false identities to buy precious stones at markets designed exclusively for local traders.