May 27, 2013
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
Reposted from The Wall Street Journal
By YOREE KOH
Japanese banks considering to offer a $900 million bridge loan for Myanmar
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
Reposted from World News Report
Japan to provide at least $18 billion in aid, investment and debt forgiveness
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
Reposted from The Japan Times
President Thein Sein touring Kawasaki City, Japan
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…
March 7, 2012
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
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…