The World Bank’s private sector lending arm the International Finance Corporation (IFC) has given the go ahead to support a multi-million dollar plan to expand a cement factory in Mandalay Region, operated by the Shwe Taung Conglomerate. The firm’s chairman, Aik Htun, had been alleged by US authorities to have had ties to the drug […]
IFC Approves Support for Controversial Tycoon’s Mandalay Cement Project
September 1, 2017 by Thiha
Filed Under: Latest News Tagged With: Aik Htun, Asia Wealth Bank, AWB, Burmese bank, CBOS, chairman, coal mine, Community Based Organizations, Critical Habitat area, Daw Aung San Suu Kyi, Drug Trade, Environmental and Social Impact Assessment, ESIA, former political prisoners, IFC, IFC Myanmar Country Chief, Jim Kim, Kokang ethnic group, Kyaw Win, Mandalay Region, Myanmar, Myanmar civil society groups, Myanmar National Democratic Alliance Army leader, Myanmar Vikram Kumar, Myanmar’s Minister of Planning and Finance, National League for Democracy, NGOs, NLD, notorious drug lord Peng Chia-Sheng, project proposal, Public Forum, Shwe Taung, Shwe Taung Conglomerate, Sino-Burmese businessman, The International Finance Corporation, Tycoon’s Mandalay Cement Project, us, US government, US government websites, US Patriot Act, US Treasury Department, WASHINGTON, World Bank head, World Bank policy, World Bank’s chief Jim Kim, World Bank’s private sector
World Bank Arm Defends Mandalay Cement Factory Project Amid Civil Society Opposition
July 3, 2017 by Thiha
Following an open letter sent to the World Bank’s President Jim Kim by a coalition of community-based organizations opposing a proposed plan to support the expansion of a cement plant in Mandalay Region and the coal mine that fuels it, the International Finance Corporation (IFC) maintains that the project is worthwhile. The open letter was […]
Filed Under: Latest News Tagged With: Burma’s banking industry, Civil society groups, coal mine, coal projects, controversial palm oil project, Dinant Corporation’s plantation project, Earth Rights International, Environmental and Social Impact Assessment, ERI, ERM, ESIA, financial backing, IFC, IFC’s water mangement plan, Irrawaddy, Kachin State, Karen activist Ka Hsaw Wa, Karen Environment and Social Action Network, KDNG, KESAN, Mandalay Cement Factory Project Amid Civil Society Opposition, Mandalay Region, military forces, Myanmar, Myanmar civil society, Myitkiyna, NGO, Sagaing Division, Shwe Taung Cement Company, Shwe Taung Group chairman Aik Htun, Sino-Burmese tycoon, STC, The Asia Wealth Bank, The International Finance Corporation, the Kachin Development Networking Group, the Shwe Taung Cement Factory, the UK-based Environmental Resource Management, the World Bank’s President Jim Kim, US authorities, US oil, Vikram Kumar, WASHINGTON, World Bank Arm, World Bank chief Jim Kim, World Bank coal-screening criteria
Dawei SEZ finally gets green light in Tokyo
July 8, 2015 by Thiha
Thailand, Japan and Burma on Saturday effectively launched the US$50 billion Dawei special economic zone by signing an agreement in Tokyo that will have a deep impact on trade and investment in Southeast Asia. Thai Prime Minister Prayut Chan-o-cha and Japanese Prime Minister Shinzo Abe both said the signing of the tripartite pact will boost […]
Filed Under: Latest News Tagged With: acid factory, asean, coal mine, Dawei, deep sea port, electricity, Japan, prayut chan-o-cha, Shinzo Abe, special economic zone, tavoy, Thein Sein
