Business Economy Lead Story News
Burma, Thailand still committed to Dawei project
Plans are afoot to revitalise the role of two committees that aim to rev up the multibillion-dollar project.
Business Economy Lead Story News
Plans are afoot to revitalise the role of two committees that aim to rev up the multibillion-dollar project.
Business Dawei Lead Story News
The Burmese government’s decision to take back the Dawei deep-sea port concession from Italian-Thai Development Pcl (ITD) may raise the eyebrows of some investors looking at the country, but negative repercussions on investment are unlikely.
Business Dawei Lead Story News
Thailand and Burma seized control on Thursday of the multi-billion dollar Dawei special economic zone from Italian Thai Development Pcl to rescue the floundering project and convince foreign investors to finally come on board.
Business Dawei Infrastructure Lead Story News SEZ
Plans for the Dawei special economic zone have inched ahead after the Burmese government agreed to borrow 4.5 billion baht ($128 million) from Thailand to finance the construction of a road from Dawei’s proposed deep-sea port to Thailand’s Kanchanaburi province.
Thai firm ItalianThai Development Plc (ITD) says it is ready to restart construction of the longdelayed Dawei deepsea port and special economic zone over the next few months if the Thai and Burmese governments approve continuation of the megaproject at a joint meeting on 10 February.
Long-delayed mega-project is finally taking its first bookings, but whether it ever reaches its vast potential could depend on Burma’s new government.
Business Dawei Lead Story News
Siam Commercial Bank, a partner of Burma’s KBZ, is gearing up to offer financial facilities to fund investment by Italian-Thai Development in the SEZ.
This week in business: Dagon City development scrapped; Myanmar National Airlines launch first international flight; Dawei SEZ finally gets green light.
Business Dawei Lead Story News Tenasserim
Thailand, Japan and Burma effectively launched the US$50 billion industrial zone that will have a deep impact on trade and investment in Southeast Asia.
Business Dawei Lead Story News
Thailand, Burma and Japan agree terms to manage the port, road and rail links, power plants, waterworks, industrial estates and telecommunications.
Business Dawei Environment Land Lead Story News
The the presence of the project is already undermining local agricultural and fishing livelihoods, a new report by the Tavoyan Women’s Union claims.
Business Dawei Lead Story News
Officials from Burma and Thailand will meet next month to approve the framework of the initial phase of the delayed Dawei development project.
Business Dawei Lead Story News Trade
Burma’s Minister for National Planning and Economic Development Kan Zaw said “implementation is taking place on a step-by-step basis as the project area is immense.”
Business Dawei Lead Story News
Burma and Thailand are expected to announce the development of the initial phase of the delayed Dawei development project next month, with Japan’s involvement still on the table.
Dawei Human Rights Lead Story News
The Dawei Development Association has alleged that planning and construction work undertaken thus far in the Dawei SEZ project, has come without the free, prior and informed consent of local stakeholders.
Foreign Affairs Lead Story Migrants Issues News
Thailand and Burma’s old generals look to sign MoUs and promote ties, but Burmese migrant issues may overshadow ceremonial niceties in the wake of the Koh Tao murder case.
Business Weekly Lead Story News
Germany’s KfW and GIZ pledge €27 million for development; Govt gives green light for wine imports; Nestlé to open factory in Burma; Burmese investment forum held in New York; CAOG Sarl to begin energy production
Thai Prime Minister, Prayut Chan-o-cha’s, visit to Burma next month is expected to boost the stalled Dawei development project.
Business Dawei Lead Story News
The Dawei project, located in eastern Burma, has been delayed since ousted Thai prime minister Yingluck Shinawatra dissolved parliament last December.
Business Dawei Lead Story News
The massive Dawei project has taken a new twist, as no interested bidders have applied for concessions opened in February for three jobs: a dual-lane highway linking Thailand with the site in eastern Burma, a small port, and a 48 sq.km industrial estate.
Business Business Weekly Lead Story News
BUSINESS in BURMA THIS WEEK: Maersk makes Burma a port of call; Timber sales rise as logging ban nears; 24 new hotels given licenses; baker & MKenzie open office in Rangoon; and VP warns Burmese firms against falling under foreign control.
Burma’s Vice-president Nyan Tun has warned domestic companies working in joint ventures with foreign firms in Special Economic Zones (SEZs) not to “fall under foreign control”. According to a report[…]
Business Dawei Lead Story News
After years of uncertainty, the prospects of the massive Dawei project took a recent twist when Thailand and Burma officially tied the knot to push the ambitious scheme forward.
Business Lead Story News Politics
Japanese Premier Shinzo Abe plans to pledge 60 billion yen (US$580 million) in loans to Burma, chiefly to help it build infrastructure, at an upcoming summit with President Thein Sein, a Japanese government source told Kyodo News.
Business Business Weekly Lead Story News
BUSINESS in BURMA this WEEK: China offers tax breaks on Burmese gas; foreign banks to be allowed limited operations in Burma; construction begins at Thilawa industrial zone; telecoms giants ink deal; and new proposals for the Rangoon skyline.
Japan and Burma are looking to build upon their historical relationship on railways cooperation with both premiers scheduled to discuss the topic at an upcoming Japan-ASEAN summit in December.
Business Business Weekly Lead Story News
BUSINESS IN BURMA THIS WEEK: Sponsors for the SEA Games; international oil firms post finals bids for Burma’s offshore reserves; Japan in position to take over Dawei project; Singaporean bank looks to cater for increased bilateral trade; and Pepsi enters the cola wars.
Business Dawei Lead Story News
The 75-year concession granted to Italian-Thai Development Plc in Dawei remains in place, but construction of the deep-sea port has stopped while the participation of international investors is being arranged, a spokesman for the Burmese government said.
Business Dawei Lead Story News
Italian-Thai Development Plc is ready to defend itself if the Burmese government decides to seize the concession of the Dawei megaproject awarded to the Thai contractor but says it has not been informed about any such decision.
The Thai government has named a special task force headed by Energy Minister Pongsak Raktapongpaisal in its latest move to kick-start the massive Dawei project in eastern Burma.