Tata Motors to open showrooms
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India's Tata Motors will officially open car showrooms and three service centres in Yangon in the near future, said an official of Apex Greatest Industrial Co.
The company has received permission for the move as a sales representative of Tata Motors since May last year, and will officially launch the showrooms and service centres this year.
“Our company will sell commercial vehicles and passenger cars. Now, we have already started importing passenger cars. We will sell the vehicles at the end of April, and will import and sell one-tonne trucksas commercial vehicles,” the Apex official said.
Tata opened a showroom and service centre at the Pale Garden Housing project, on Sunday and will soon launch its next showroom and service centre near the Zoological Garden in Mayangon township, Yangon.
Tata is India’s largest and the world’s 18th-largest automobile company.
I’nesia bank to set up Myanmar branch
Indonesia's state-owned Bank Negara Indonesia (BNI) plans to open a branch in Myanmar, said Economic Cooperation Minister Hatta Rajasa.
BNI is conducting surveys and arrangements to launch the branch office, the Indonesian minister said, adding that Myanmar officials had offered the bank the opportunity to invest in the cement production and coal-powered generating sectors.
The minister met business associations and Myanmar President Thein Sein during his visit to the country.
He discussed matters related to the promotion of trade and other bilateral relations between the countries.
Govt to buy 100,000 tonnes of rice
The Myanmar government will buy about 100,000 tonnes of rice for the state reserve during the fiscal year 2013-2014, according to the Commerce.Ministry
The ministry has asked President Thein Sein for the necessary funds, which will be in addition to the currently approved budget for the programme.
The National Rice Reserves Supervisory Committee will start buying the rice this month, said Soe Tun, acting chairman of the Myanmar Farmer Association.
“Currently, we have a total of 14 billion kyat [Bt465 million] in hand. If we will buy 100,000 tonnes this year, it will require about 29 billion kyat. So, we need additional 15 billion kyat,” said Myint Soe, deputy director of the ministry.
The programme helps farmers to sell their rice at reasonable prices and secure a food reserve in the country, he said.
22 houses in central region burned down
A huge fire in central Myanmar destroyed 22 houses and some livestock on Saturday, according to sources. No casualties were reported.
The fire broke out around 4.30pm in Tegone village in Pakokku township of Pakokku district in Magway region. Firefighters managed to put out the blaze at around 8pm.
“The fire started from the kitchen. The hot weather caused the fire to spread across the village, destroying everything on its way.
“We had no time to take our things from homes. The losses are too much for the villagers. Victims are now taking refuge at nearby monasteries and some remaining buildings,” said Myint Sein, a victim who lost her house.
A total of 20 firefighting vehicles and 50 firefighters from Pakokku township were deployed to put out the fire, with support from local people.
