Caterpillar

Caterpillar, Volvo, Komatsu linked to mining abuses in Myanmar: report

June 28, 2018 by Thiha

Caterpillar, Volvo and Komatsu contribute to abuses in Myanmar by selling machinery used by domestic mining companies implicated in land expropriation, environmental destruction and armed conflict, according to a report published on Wednesday. The three companies “appear to be the dominant brands” represented in the Hpakant jade mines in northern Myanmar’s Kachin state, according to […]

Filed Under: Latest News Tagged With: Caterpillar, gemstone producer, heavy machinery, Komatsu, mining abuses, Myanmar, Myanmar’s jade production, Myanmar’s Kachin state, Volvo

Yangon govt targets ‘failing’ power firms

June 1, 2016 by thiha

Regional officials say they will investigate performance at private electricity providers and if necessary, cancel contracts signed by the former government, as frequent power outages continue across Yangon and frustrations are vented through social media. Four private companies signed with the previous administration to supply power to the city. They are not performing as expected, […]

Filed Under: Latest News Tagged With: Caterpillar, chief minister U Phyo Min Thein, Daw Nilar Kyaw, GE, general electric, Hlawga, Indonesian Firm Navigat, Maxpower, Myanmar Central Power Company, Regional, Southeast Asia, Thai, Thailand, Thaketa, Toyo, Union Ministry, UPP Power Myanmar, Yangon Electricity Supply Board, Yangon Electricity Supply Corporation, YESC, Ywarma

Business lobby calls for U.S. to drop sanctions on Myanmar

May 17, 2016 by Thiha

WASHINGTON — The U.S. business lobby says it is high time to drop the remaining U.S. sanctions on Myanmar, but human rights activists and U.S. lawmakers say not so fast. Former political prisoner Aung San Suu Kyi is now running the government after winning elections. Still, the military continues to wield considerable power. That poses […]

Filed Under: Latest News Tagged With: aung san suu kyi, Caterpillar, Chevron, coca cola, Esther Htusan, Foreign Assets Control, foreign investment, general electric, human rights, International Emergency Economic Powers Act, John Goyer, John Kerry, Matthew Smith, Myanmar’s National Economic and Social Advisory Council, President Barack Obama, Rohingya Muslims, State Department, Tin Htut Oo, U. S. Chamber of Commerce, U.S. business lobby, U.S. lawmakers, U.S. Treasury blacklist

Frontier Markets: Myanmar, Explosive GDP Growth

March 11, 2016 by thiha

The reason I’m revisiting Myanmar is because recently the State Bank of India (SBIN), together with the Vietnam Bank for Investment and Development, Taiwan’s E SUN Commercial Bank (2884:TT), and South Korea’s Shinhan Bank, were all granted permits to operate in that country. Last year, the first round of permits were granted to ANZ Banking […]

Filed Under: Latest News Tagged With: aim, All Aboard, American, ANZ Banking Group of Australia, asean, Asia, Bangkok Bank, CAT, Caterpillar, China, Chinese Banking Corporation, Currently, development, E. Sun Commercial Bank, European, Frontier Myanmar, investment, japanese, London Stock Exchange, Myanmar, Myanmar Investments International Ltd, Nikkei Asian Review, OCBC, Policies for Shared Prosperity, singapore, State Bank of India SBIN, Taiwan, Thailand, United Overseas Bank, UOB, Vietnam Bank, World Bank

Capital Diamond Star Group receives honour from World Economic Forum

May 27, 2014 by thiha

Domestic conglomerate Capital Diamond Star Group (CDSG) is one of the first Myanmar companies to be chosen as a Global Growth Company by the Global Growth Company(WEF), according to David Aikman, head of new champions at the WEF. Firms are selected based on their leadership potential in the global economy, with criteria evaluating the firm’s […]