May 27, 2013

Japan gives Myanmar $504M loan, forgives debt ^Reply

by Brian C. McMahon • Myanmar (Burma) News • Tags: ASEAN, Burma, Debt, Japan, Myanmar, Naypyitaw, Shinzo Abe, Thein Sein, Tokyo

Myanmar’s President Thein Sein (R) greets Japan’s PM Shinzo Abe in Naypyidaw, on May 26, 2013

Reposted from Myanmar Business Network

Japan’s government on Sunday extended its first loan to Myanmar in 26 years and canceled the remainder of the Southeast Asian country’s debt, as Tokyo looks to re-establish strong economic ties with the former pariah nation.

The 51 billion yen ($504 million) loan agreement was signed in Myanmar’s capital, Naypyitaw, after Japanese Prime Minister Shinzo Abe met with Myanmar President Thein Sein.

Abe arrived in Myanmar on Friday on the first visit to the country by a Japanese leader in 36 years, a major part of Tokyo’s effort to reassert its position as a top economic partner after decades of frosty relations with the previous military regime. More…

October 8, 2012

Japan Seeks a Deal on Myanmar Debt ^Reply

by RizwanHabib • Myanmar (Burma) News • Tags: ADB, Asia's last frontier market, Banking, bridge loan, China, Debt, debt-forgiveness, IMF, infrastructure projects, Japanese banks, Lending, loans, Myanmar, Paris club of sovereign creditors, President Thein Sein, Reform, Southeast Asia, Tokyo, World Bank

Japanese banks considering to offer a $900 million bridge loan for Myanmar

Reposted from The Wall Street Journal
By YOREE KOH

TOKYO—When the world’s top economic policy makers converge in Tokyo later this week, a prominent agenda item alongside the euro crisis and global slowdown will be debt relief for rapidly reforming Myanmar. More…

October 4, 2012

How Japan Inc stole a march in Myanmar ^Reply

by RizwanHabib • Myanmar (Burma) News • Tags: Asia's last frontier market, Aung San Suu Kyi, China, Coca-Cola, deal structure, foreign investment, GE, Hideo Watanabe, Japan, Japanese investors, Myanmar, project investment, Shigeto Inami, Siemens, Thailand, Thein Sein, Thilawa Special Economic Zone, Tokyo

Japan to provide at least $18 billion in aid, investment and debt forgiveness

Reposted from World News Report

YANGON/TOKYO: Japan Inc is charging into Myanmar. The rush began one night last October, when Myanmar’s new president rolled out a map after dinner to show an aging Japanese power broker a prize that could be Tokyo’s to develop – a swathe of land nearly as big as Macau. More…

June 7, 2012

‘On right track’ Myanmar woos investments ^Reply

by Leopard Capital • Myanmar (Burma) News • Tags: China, Japan, Myanmar, President Thein Sein, Prime Minister Yoshihiko Noda, Thailand, Tokyo

President Thein Sein touring Kawasaki City, Japan

Reposted from The Japan Times
By Kyodo

Win Aung, head of a group representing Myanmar’s Chambers of Commerce and Industry, has called for more Japanese businesses to invest in the Southeast Asian nation.

“Myanmar is on the right track politically and economically, and it’s on the runway to take off,” he said Tuesday in Tokyo in a seminar titled “Changing Myanmar: Challenges and Opportunities.” More…

April 26, 2012

Japan Inc. Rushes to Myanmar ^Reply

by Leopard Capital • Myanmar (Burma) News • Tags: CBM, Central Bank of Myanmar, Daiwa Securities Group, Japan, Myanmar, natural gas, President Thein Sein, rate earth metals, Takashi Hibino, Tokyo

Presient Thein Sein visits a thermal-power plant in Kawasaki, Japan

Reposted from The Wall Street Journal
By Yoree Koh

TOKYO—Japanese companies are jostling to line up business in Myanmar, as the country begins a historic push to open its markets and economy to the outside world, after decades of isolation.

Myanmar President Thein Sein, who just ended a five-day visit to Japan, spent much of the time talking to corporate executives. The president stayed two extra days after the regional conference he was attending ended so he could tour a pair of power plants and meet Japanese businessmen who had requested audiences in advance. More…

March 7, 2012

Japan to resume Myanmar loans after 25 years ^Reply

by Leopard Capital • Myanmar (Burma) News • Tags: Aung San Suu Kyi, China, gas pipeline, Hydropower, Japan, Myanmar, port, Tokyo, world community

The Myanmar Times

TOKYO – Japan is moving to resume loans to Myanmar after a quarter of a century, a report said on February 23, the latest move by the world community to bring the country in from the cold.

Tokyo hopes to reach an agreement with Myanmar on a conditional resumption of the loans – to be used for infrastructure projects such as ports and railways – at a summit in late April, the Nikkei newspaper said. More…

March 6, 2012

Mitsui Seeks Copper Acquisitions With Record $17 Billion Cash: Commodities ^Reply

by Leopard Capital • Mongolia News • Tags: Africa News, Australia, Chile, Copper, iron ore, Japan, JPMorgan & Chase Co., Misui & Co., Mongolia, Russia, South America, Tokyo

Reposted from Bloomberg
By Yuriy Humber and Ichiro Suzuki

Mitsui & Co. (8031), holding a record $17 billion in cash, wants to buy mining stakes and expand operations to triple copper output and more than double coal production, easing its reliance on iron ore sales.

The biggest Japanese iron ore supplier is looking to buy 9 million metric tons of annual coal production from Russia, Australia, South America and Africa, Fuminobu Kawashima, head of resources of the Tokyo-based company, said in an interview. Mitsui also wants to add 120,000 tons of copper a year from South America, expecting Chinese demand will expand, he said.
Enlarge image Mitsui Seeks Copper With Record $17 Billion Cash. More…

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