Jailed American’s Family Pleads to US, Myanmar Govts in Hemp Case

The family of US citizen John Frederic Todoroki, who was accused of growing marijuana in Mandalay’s Nganzun Township, has appealed to the Myanmar government for help, pleading that Todoroki only tried to help Myanmar farmers growing industrial hemp and did not commit any drug-related crimes. The family sent the letters to Myanmar State Counselor Daw […]

American, 2 Others Held over Marijuana Plantation in Mandalay Division

A U.S. citizen was among three people detained under the Anti-Narcotics Law for allegedly operating a marijuana plantation in Mandalay Division’s Myotha Industrial Park, the Central Committee for Drug Abuse Control (CCDAC) said on Wednesday. The committee said U.S. citizen John Fredric Todoroki, 63, was arrested with Ko Shane Latt, 37, and Ma Shunlae Myat […]

Local businesses propose to establish industrial zone in central Myanmar

YANGON, Sept. 2 (Xinhua) — Local businesses will submit a proposal to the regional government in Myanmar’s central Magway to establish an industrial zone there, the official Global New Light of Myanmar reported Sunday. The industrial zone was proposed to be located far from the residential area as the noise, odor and air pollution from […]

Myotha Project Draws Investments of K150B, Developer Eyes IPO

With the Mandalay Myotha Industrial Project having attracted local and foreign investments totaling K150.5 billion so far, officials are now eyeing a public listing in the near future, said U Aung Win Khaing, chair of the project’s developer, Mandalay Myotha Industrial Development Public Co Ltd (MMID). “We are aiming for an Initial Public Offering in […]

Over $500m Worth of Investments Flow into Mandalay Myotha Industry Park Project

Local and foreign investments worth more than US$500 million were pumped into the Mandalay Myotha industry park project in Ngazun Township, Mandalay Region, as of the second week of January 2018. The Mandalay Myotha Industrial Development (MMID) public company expects to house more than 100 plants within three years, said U Tun Tun Aung, managing […]

Vacant plots in Myotha industrial zone on sale in second week of August

Vacant plots from Myotha Industrial Park (MIP) in Ngazun Township, Mandalay will go on sale starting from 9 August with the cooperation of Mandalay-Myotha Industrial Development Public Company Limited (MMID) and Mandalay regional government, said an official from MMID. This MIP was built on 10,000 acres of land in 2013. A total of 600 40×60-foot […]

Sembcorp lands $422m deal to develop power plant in Myanmar

Sembcorp Industries has landed its first deal in Myanmar – a contract to develop a gas-fired power plant. The US$300 million (S$422 million) project, which will be the nation’s largest privately developed gas-fired power plant, will sell electricity to the state-owned utility when completed by 2018. The plant, in central Myanmar near Mandalay, will deliver […]

Myotha park share sale to end

Mandalay Myotha Industrial Development (MMID) Public Company will halt its share issue in October after raising K126 billion (US$129 million) from 1167 separate investors to date, company director U Aung Win Khaing said. The share issue ended after a pre-determined six-month period, though company officials will provide a counter to function as a secondary market […]