11 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
11

2 weeks ago

John Kerry stayed at US-blacklisted Myanmar hotel

Aug 12 2014 3:02am CDT | Source: Townhall's

YANGON, Myanmar (AP) — The U.S. said Tuesday that Secretary of State John Kerry wasn't breaking any rules when he stay ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
10

3 weeks ago

Kerry, Citing Bumps, Urges Myanmar to Stay on Path to Democracy

Aug 10 2014 11:31am CDT | Source: NYT-Politics

Secretary of State John Kerry, on the final day of a trip to Myanmar, pushed for further progress in what many perceive to be slowing political and leg ...
Source: NYT-Politics   Full article at: NYT-Politics
 

 
Update
9

3 weeks ago

Kerry seeks to calm South China Sea tensions

Aug 9 2014 5:28am CDT | Source: Townhall's

NAYPYITAW, Myanmar (AP) — Already scrambling to confront multiple simultaneous international crises, the Obama administration step ...
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Update
8

3 weeks ago

Kerry presses Myanmar on democratic reform

Aug 9 2014 3:50am CDT | Source: Townhall's

NAYPYITAW, Myanmar (AP) — U.S. Secretary of State John Kerry is warning the leaders of Myanmar that improved relations with the United States ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
7

3 weeks ago

Kerry aims to calm South China Sea tensions

Aug 8 2014 2:39pm CDT | Source: Townhall's

NAYPYITAW, Myanmar (AP) — U.S. Secretary of State John Kerry is in Myanmar seeking to calm tensions in the South China Sea betw ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
5

3 weeks ago

South China Sea, Myanmar likely topics at talks

Aug 8 2014 3:17am CDT | Source: Townhall's

NAYPYITAW, Myanmar (AP) — U.S. Secretary of State John Kerry and top diplomats from Europe and Asia are meeting to discuss regional security... ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
4

3 weeks ago

Rohingya children in Myanmar camps going hungry

Aug 8 2014 2:08am CDT | Source: Townhall's

OHN TAW GYI CAMP, Myanmar (AP) — Born just over a year ago, Dosmeda Bibi has spent her entire short life confined to a camp for one of the world ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
3

3 weeks ago

Nearly 5M sign up for changing Myanmar charter

Aug 6 2014 7:07am CDT | Source: Townhall's

YANGON, Myanmar (AP) — The party of opposition leader Aung San Suu Kyi has collected nearly 5 million signatures in support of chan ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
2

3 weeks ago

Sec. Kerry's Opportunity in Burma: Political Pressure Coupled With Economic Development

Aug 5 2014 1:47pm CDT | Source: Politics - The Huffington Post

The open windows on the second floor of the Mandaley farmers' association office do nothing to ease the unbearable heat of a balmy Mandaley afternoon in Burma. No breeze to speak of. But that doesn't keep over 60 local farmers, business owners and entrepreneurs from a lively exchange as they inspect and dissect with their hands a Prakti clean cook stove. In 10 minutes, the conversation shifts from how the stove helps reduce fuel consumption and hazardous smoke into "how much doe ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
1

4 weeks ago

Myanmar information and health ministers step down

Jul 29 2014 10:28am CDT | Source: Townhall's

YANGON, Myanmar (AP) — Myanmar's ministers for information and health have been allowed to retire, in the country's seco ...
Source: Townhall's   Full article at: Townhall's
 

 

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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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