9 Updates
South Korea to give $500 mn loan to Myanmar
Photo Credit: Jessica Hromas, Getty Images

South Korea to give $500 mn loan to Myanmar

Jun 20 2013, 3:58pm CDT | by

Yangon, June 21 (IANS) South Korea has agreed to provide $500 million in loans to Myanmar between 2013 - 2017 from its economic development cooperation funds, media reports said Thursday.

Yangon, June 21 — South Korea has agreed to provide $500 million in loans to Myanmar between 2013 - 2017 from its economic development cooperation funds, media reports said Thursday. It was...

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1 year ago

South Korea to give $500 mn loan to Myanmar

Jun 20 2013, 3:58pm CDT | by

Yangon, June 21 (IANS) South Korea has agreed to provide $500 million in loans to Myanmar between 2013 - 2017 from its economic development cooperation funds, media reports said Thursday.

Yangon, June 21 — South Korea has agreed to provide $500 million in loans to Myanmar between 2013 - 2017 from its economic development cooperation funds, media reports said Thursday.

It was announced at a joint committee meet on economic cooperation between the two countries and co-chaired by visiting South Korean deputy prime minister and minister for strategy and finance Hyun Oh-Seok and Myanmar Minister for National Planning and Economic Development Kan Zaw in Nay Pyi Taw Wednesday, Xinhua reported.

The joint committee also discussed eight areas of cooperation covering 39 projects including those related to infrastructure development, promoting services and sports sectors.

Appreciating South Korea for its support, Myanmar President U Thein Sein told Hyun that the its outcome would contribute to Myanmar's reform process.

South Korea was the fourth biggest investor in Myanmar as of March this year, with investment in the country totalling some $2.98 billion in 77 projects.

Myanmar opened itself to foreign investment in late 1988.

Bilateral trade between Myanmar and South Korea reached about $573 million in 2012, of which Myanmar's export to South Korea accounted for about $237 million while its import stood at about $335 million.

IANS

Source: IANS

 
Update
9

1 week ago

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YANGON, Myanmar (AP) — Four reporters and a magazine CEO were sentenced Thursday to 10 years of hard prison labor for violating Mya ...
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5 weeks ago

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YANGON, Myanmar (AP) — A parliamentary committee has voted against changing a clause in Myanmar's Constitution that bars opposi ...
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6

6 weeks ago

Finding a world of new species

Jun 8 2014 11:00pm CDT | Source: Citizens voice

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YANGON, Myanmar — A dragon fish with intricate, mazelike markings on every scale, a frog with rough, chocolate-colored skin and a ginger plant are among more than two dozen flora and fauna species found in Myanmar since it emerged ...
Source: Citizens voice   Full article at: Citizens voice
 

 
Update
5

6 weeks ago

South Korea unveils monument for bomb victims

Jun 6 2014 1:18am CDT | Source: Townhall's

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YANGON, Myanmar (AP) — South Korea has unveiled a memorial to the victims of a North Korean commando attack more ...
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Update
3

7 weeks ago

Cautious Optimism in Myanmar

Jun 2 2014 11:48am CDT | Source: Politics - The Huffington Post

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You may not have heard of Yangon, Myanmar. Since for most of recent history, it has been known as Rangoon, Burma - the former capital of a country that has been ruled by a military junta for most of the past 52 years. As Myanmar hurtles down the road of reform towards democracy, the country is beginning to burst with entrepreneurs eager to explore newfound investment opportunity in a society that ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
2

7 weeks ago

The Trouble with President Obama's West Point Speech: Reality

May 30 2014 1:37pm CDT | Source: Politics - The Huffington Post

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President Obama’s foreign policy address at West Point this week included a call for U.S. engagement in the world “when crises arise that stir our conscience.” A column by Nicolas Kristof that appeared in the New York Times a day later, “Myanmar’s Appalling Apartheid”, raised troubling questions about how this gets translated into the real world. The President used Burma to illustrate the success of his foreign policy approach. He praised and shared ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
1

8 weeks ago

Myanmar seeks views on religious conversion bill

May 27 2014 7:36am CDT | Source: Townhall's

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YANGON, Myanmar (AP) — Myanmar's government is trying to measure public support for a religious conversion bill put f ...
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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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