Japan to help boost Myanmar’s rice industry through imports and investments Reply

myanmar-rice-2011-3-4-1-0-10Reposted from blackseagrain

Japan is helping to boost Myanmar’s quest to regain its status as a top rice exporter by importing long-grain rice from the former military ruled Southeast Asian country for the first time in 45 years. Even more importantly, companies like Mitsui are investing in rice production to ensure the longevity of the industry. Myanmar Rice Industry Association Chairman Chit Khaing said that Japan is very enthusiastic about investing in the country’s rice industry.

Chit Khaing is also the head of the Myanmar Agribusiness Public Corporation Ltd (MAPCO) which is entering a joint venture with trading house Mitsui. They will be building four processing plants to produce rice for exports and to manufacture food products and produce power as well. This will be set up as part of the Integrated Rice Complex Project, which aims to produce 400,000 tons of rice per year. They will be creating other food products out of the rice like rice bran oil and rice noodles. Rice hulls will power the four factories as well. MAPCO will also be entering into a joint venture with Mitsubishi to mill tropical japonica rice, which is currently being milled in China. That particular kind of rice is used in the thin rice cakes that are very popular in Japan. More…

[Bangladesh] Japan loans $1bn for key schemes Reply

JICA-signing_edReposted from bdnews24.com

The Japan International Cooperation Agency (JICA) will provide a loan package worth $1.03 billion to implement four key projects including construction of the four-lane second Kanchpur, Meghna and Gumti Bridge.

Bangladesh on Sunday inked the four agreements with Japan under which the package will be provided as Official Development Assistance (ODA). More…

South Korea leads Asia’s big three as Cambodia’s leading investor Reply

The three main Asian economic powers, China, Japan and Korea, were the largest investors in Cambodia

The three main Asian economic powers, China, Japan and Korea, were the largest investors in Cambodia

Reposted from The Phnom Penh Post
By Hor Kimsay

South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). More…

Garment industry body sees bright future, with growth outside Yangon Reply

“We anticipate that there will be more than 700 new factories in 2015 that will employ more than 100,000 people”

“We anticipate that there will be more than 700 new factories in 2015 that will employ more than 100,000 people”

Reposted from The Myanmar Times

The garment industry has been growing rapidly in the past two years on increased orders from Japan and South Korea, a spokesperson for the key industry body said last week. More…

Haiti – Reconstruction : Japan financed 4 new projects Reply

sub-haiti2-articleLargeReposted from Haitilibre

Wednesday, Kenji Kuratomi, the Japanese Ambassador in Haiti, as part of the program “Assistance in the form of donations to the Micro-Local Projects contributing to the Human Security” APL of the Japanese Government, has signed 4 contracts with of Haitian organizations in the sector of education, health and food security. More…

Japanese ODA to fund Myanmar’s infrastructure Reply

Mr Aso reaffirmed an earlier promise to waive part of Myanmar’s US$5.74 billion debt to Japan

Mr Aso reaffirmed an earlier promise to waive part of Myanmar’s US$5.74 billion debt to Japan


Reposted from The Myanmar Times
By Aye Thidar Kyaw

The Japanese government will lend official development assistance (ODA) to Myanmar, implement a plan to cancel national debt and help complete the Thilawa special economic zone, Japanese officials announced in Yangon last week. More…

Burmese public company to run Thilawa industrial zone Reply

Japan with a 49% stake in the partnership and Burma with 51%.

Japan with a 49% stake in the partnership and Burma with 51%.

Reposted from Mizzima
By Aung Myat Tun

A public company needs to be formed to run the Thilawa Special Economic Zone, said the National Planning and Economic Development Deputy Minister Set Aung. More…

Japan Signs First Bilateral Emissions Offset Pact With Mongolia 1

19mongolia4
Reposted from Bloomberg Businessweek
By Chisaki Watanabe

Japan signed an agreement with Mongolia to help offset its greenhouse gas emissions, the Ministry of the Environment said in a statement today.

The agreement is the first of its kind as Tokyo seeks to develop similar bilateral offset-credit mechanisms with countries including Indonesia, Vietnam and Bangladesh. More…

Japan’s Government Pushes New Business Role in Myanmar Reply

Last month, Japan won a contract to develop Thilawa, one of the three pioneer special economic zones in Myanmar

Last month, Japan won a contract to develop Thilawa, one of the three pioneer special economic zones in Myanmar

Reposted from The Wall Street Journal
By MITSURU OBE

THILAWA SPECIAL ECONOMIC ZONE, Myanmar—Taro Aso, a week after becoming Japan’s new finance minister, put aside pressing domestic issues for a trip to Myanmar to cement Tokyo’s role in the largely untapped market, part of an effort to diversify from Japan’s exposure to China. More…

Japan to Waive Myanmar’s Debt This Month Reply

Japan will eventually forgive more than half of its Y502 billion ($6 billion) in claims on Myanmar

Japan will eventually forgive more than half of its Y502 billion ($6 billion) in claims on Myanmar

Reposted from NASDAQ

NAYPYIDAW, Myanmar–Japan will this month start waiving some of its debt claims on Myanmar and confirmed it will extend Y50 billion of new loans to the long-isolated Southeast Asian nation, Japan’s finance minister, Taro Aso, said Thursday. More…