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China boosts tin ore imports from Myanmar as Indonesian supply dries up

China's tin industry is turning to Myanmar to help plug a gap in the supply of raw materials after new trading rules in the world's top exporter Indonesia squeezed its major source of refined tin.
China, the world's top metals consumer, has more than doubled its imports of tin ore and concentrates from Myanmar this year, shoring up an alternative source of the metal used mainly for solder in its vast electronics industry.


Myanmar's border trade hits over 1.8 bln USD in five months

Myanmar's border trade hit 1.881 billion U.S. dollars in the first five months (April-August) of the fiscal year 2013-14, 391 million dollars more than the same period of the previous year , local media reported Sunday.
Of the total, export amounted to 1.171 billion U.S. dollars while the import represented 710 million dollars, enjoying a trade surplus of 461 million dollars.


Myanmar companies seek joint operation with foreign counterparts in oil, gas

YANGON, Sept. 6 (Xinhua) -- Myanmar's domestic private companies are seeking joint operation with foreign counterparts in oil and gas exploration and production on mutually beneficial basis, local media reported Friday.

A total of 154 Myanmar companies have bid with the Ministry of Energy for the move in onshore and offshore areas of the country but restricted to offshore blocks in deep waters.


Wanbao prioritizes hiring of compensated residents

The Myanmar Wanbao Copper Mining Ltd, operating the copper mining project in Salingyi Township, will appoint residents from 26 villages in the project area to trainee positions in the company.
Speaking on the condition of anonymity, a member of the Employment Committee of the Myanmar Wanbao, said that the people who gave up their land and have received compensation will be given top priority in order to secure their livelihoods. Residents of Salingyi Township in Sagaing Region will get the highest priority, the committee member said.


Opinion divided on merit of further rate cuts for Burma’s banks

Opinions are mixed within Burma’s financial industry when the question of whether or not to lower interest and loan rates arises, with some touting a drop as pro-business, while others warn that lowered earnings on savings deposits could prompt a run on the nation’s banks.


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