Negotiations are currently being carried out for NPC to make the payments. The company owes 5.5 tonnes of gold (over 3,400 viss) priced at a fixed rate to the government. NPC has an 8-year contract with the government to mine for gold in the resource-rich Moehti Moemi area, which spans over 6,000 acres of land. […]
National Prosperity Company under scrutiny on gold debt to gov’t
July 27, 2017 by Thiha
Filed Under: Latest News Tagged With: 8-year contract, Amyotha Hluttaw, auction rules, bid, capital, debt, Development Party president, exchange, fixed rate, gold, government, Moehti Moemi area, MP U Saw Moe Myint, Myanmar, Myanmar gold, National Prosperity Company, Natural Resources and Environmental Conservation, Nay Pyi Taw, NPC, NPC’s website, payments, President's Office, product sharing ratio model, tender, The Myanmar Times, U Ohn Win, U Phyo Si Thu, U Thein Sein’s administration, Union Minister, Union Solidarity, Yangon Stock Exchange
FDI could exceed MIC’s target in 2017-18, but still lower than previous years’
July 21, 2017 by Thiha
Between April 1 and July 11 of the current fiscal year, FDI into the country hit US$2.7 billion, almost half the MIC’s target. Meanwhile, a total of US$127 million in fresh funds was pumped into the Thilawa Speical Economic Zone, while US$221 million was injected into existing projects. That’s US$3.1 billion in total for the […]
Filed Under: Latest News Tagged With: agricultural based products, China, Deputy Director General, DICA, Directorate of Investment and Company Administration, education, existing projects, farming, FDI, Fisheries, former president, health sectors, Hong Kong, hydroelectric distribution, Investment Law, Largest Foreign Investor, Livestock Breeding, local economy, Low-Cost Housing, MIC, MIC’s target, mining and mineral, National League for Democracy, New Myanmar Investment Law, oil and natural gas, service, singapore, South Korea, State Investment Commissions, Thailand, Thilawa Speical Economic Zone, Transport, U San Myint, U Thein Sein’s administration, Union Government
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