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another Viet investor places a big bet.



Embattled Vietnam property developer pledges another $230 mln for Myanmar project


Thanh Nien News
Tuesday, March 22, 2016

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A file photo shows Hoang Gia Lai Myanmar Center in Yangon. Photo: Nguyen Khanh


Vietnamese real estate conglomerate Hoang Anh Gia Lai Group has started work on the second stage of a major project in Myanmar estimated to cost US$230 million.

The amount accounts for more than half of the total projected cost of the Hoang Anh Gia Lai Myanmar Center in Yangon.

The group announced at a groundbreaking ceremony Saturday that it would build five 28-storied towers with more than 1,134 apartments and offices in the second stage.

It said it has leased out 60 percent of space at its two 27-storied office buildings and 100 percent of a shopping mall, which were completed at the end of last year.

Hoang Anh Gia Lai has begun the work amid reports about its increasing debts and shrinking profits.

Its debts were estimated at nearly VND32.64 trillion ($1.44 billion) at the end of last year, up 54.5 percent from 2014 and equivalent to more than 67 percent of its total assets, its latest financial statements show.

The group, which now mainly operates in the real estate and agriculture sectors, saw a year-on-year decrease of 46.5 percent in its post-tax profit to VND678.62 billion ($29.94 million) last year.
 
PHILIPPINES BEATS CHINA
(Myanmar picks UDMC over NORINCO in precision rifle selection trials.)
By: Gilbert Felongco

The Myanmar Army has declared UDMC rifles "winner" over NORINCO brand of CQ-A and CQ-B rifles following a nearly two years selection process participated in by several other manufacturers including Chinese military rifle maker, NORINCO.

Prior to this, Myanmar, or the Union of Burma had been scouting for military grade rifle makers that would produce rifles that may deliver better performance particularly in the aspect of ACCURACY. The Philippines-based firm responded by making its rifles---the F5-DGIS and F5-PVAR--- available for the selection process.

The trials pitted UDMC rifles against the Myanmar Army’s current use rifles and also the much cheaper but apparently lesser quality NORINCO M4 and M16 rifles.

Less than two years after the Myanmar Army announced that it is opening its test and evaluation, UDMC’s rifle had been chosen by the Southeast Asian nation’s army as technically and operationally better overall than the NORINCO M4 and M16.

“This only means that our rifles are better than anything that the Chinese can put up against it,” Gene Cariño, United Defense Manufacturing Corporation’s (UDMC) CEO said, adding that the Myanmar Army opted for the UDMC’s F5-DGIS and F5-PVAR rifles rather than NORINCO’s CQ-A and CQ-B models of M4 and M16 in caliber 5.56 NATO for their special purpose precision rifle.

The Myanmar Army had subjected the UDMC rifles---the M4 and M16 format 5.56 NATO F5's--- to rigorous selection process on the basis of safety, reliability and accuracy side-by-side with NORINCO.

“The selection experts made up of MOD officials and snipers from the Myanmar Army special forces, found UDMC rifles to be of premium quality compared to its Chinese NORINCO counterparts,” Cariño said.

UDMC Vice President International, retired Lt General Roland Detabali together with retired Major Philip Manlapaz had brought UDMC rifles to the selection process in Myanmar and spent sometime in Nay Pyi Taw demonstrating the quality of UDMC rifles.

“The Myanmar Army is very thorough in the tests that they had conducted, they want absolute reliability and accuracy which our rifles can definitely deliver,” Detabali said. (SEE PICTURES)

Cariño said they had proposed to the Myanmar Army to put up a manufacturing plant in Myanmar under a “Build Operate and Transfer Technology Program” and bring UDMC technology to that country.

“The Burmese are a patriotic people and they prefer to use weapons that they have produced in Myanmar and so Filipino rifle engineers from UDMC may train them, if the BOTT proposal is accepted by the Myanmar Army” he said. “We are in fact now bringing Filipino expertise in rifles making to other parts of the world,” he added.

UDMC is a 100 percent Filipino-owned privately controlled corporation research-based rifles manufacturer that has engineered and improved on the design of the M4 and M16 by incorporating their patented PVAR piston driven system that combines the strengths of the AK-47 and the M16. UDMC has developed their own Technical Data Package using design and programming softwares from Dassault Systèmes of France.

Cariño said UDMC is hoping at landing a major contract in Myanmar, possibly its biggest, in the coming years.

“Myanmar’s military is about 500,000 men and women and is three and a half times bigger than the Philippines military so you could just imagine how big a market we are aiming at, if ever,” he said.

Detabali and Manlapaz are Army Scout Rangers and had participated either as member or commander, during their respective time in service with the Philippine Army, in the annual ASEAN Armies Rifle Meet (AARM). They are veterans in the conflict with various threat groups in the Philippines.

“Having a rifle that could deliver rounds to the target with maximum reliability and accuracy and with consistency is the cutting edge in the battlefield…We know that from experience,” Manlapaz said.

UDMC rifles a few years ago passed the rigorous tests and evaluations conducted by the Philippine Army Research and Development Center, the Philippine Navy Special Operations Group, the PNP Special Action Force and the PNP Research and Development Center for its safety, reliability and accuracy.

For years, UDMC rifles had been relied upon by American and British maritime security contractors protecting international shipping against pirates prowling in the Gulf of Aden and the Indian Ocean.


13029629_784179198349599_3404807687372578009_o.jpg


13041072_784179728349546_3019918233024059699_o.jpg


13048227_784179491682903_7295131739650077414_o.jpg


12973310_784180261682826_7029596441834496267_o.jpg
 
PHILIPPINES BEATS CHINA
(Myanmar picks UDMC over NORINCO in precision rifle selection trials.)
By: Gilbert Felongco

The Myanmar Army has declared UDMC rifles "winner" over NORINCO brand of CQ-A and CQ-B rifles following a nearly two years selection process participated in by several other manufacturers including Chinese military rifle maker, NORINCO.

Prior to this, Myanmar, or the Union of Burma had been scouting for military grade rifle makers that would produce rifles that may deliver better performance particularly in the aspect of ACCURACY. The Philippines-based firm responded by making its rifles---the F5-DGIS and F5-PVAR--- available for the selection process.

The trials pitted UDMC rifles against the Myanmar Army’s current use rifles and also the much cheaper but apparently lesser quality NORINCO M4 and M16 rifles.

Less than two years after the Myanmar Army announced that it is opening its test and evaluation, UDMC’s rifle had been chosen by the Southeast Asian nation’s army as technically and operationally better overall than the NORINCO M4 and M16.

“This only means that our rifles are better than anything that the Chinese can put up against it,” Gene Cariño, United Defense Manufacturing Corporation’s (UDMC) CEO said, adding that the Myanmar Army opted for the UDMC’s F5-DGIS and F5-PVAR rifles rather than NORINCO’s CQ-A and CQ-B models of M4 and M16 in caliber 5.56 NATO for their special purpose precision rifle.

The Myanmar Army had subjected the UDMC rifles---the M4 and M16 format 5.56 NATO F5's--- to rigorous selection process on the basis of safety, reliability and accuracy side-by-side with NORINCO.

“The selection experts made up of MOD officials and snipers from the Myanmar Army special forces, found UDMC rifles to be of premium quality compared to its Chinese NORINCO counterparts,” Cariño said.

UDMC Vice President International, retired Lt General Roland Detabali together with retired Major Philip Manlapaz had brought UDMC rifles to the selection process in Myanmar and spent sometime in Nay Pyi Taw demonstrating the quality of UDMC rifles.

“The Myanmar Army is very thorough in the tests that they had conducted, they want absolute reliability and accuracy which our rifles can definitely deliver,” Detabali said. (SEE PICTURES)

Cariño said they had proposed to the Myanmar Army to put up a manufacturing plant in Myanmar under a “Build Operate and Transfer Technology Program” and bring UDMC technology to that country.

“The Burmese are a patriotic people and they prefer to use weapons that they have produced in Myanmar and so Filipino rifle engineers from UDMC may train them, if the BOTT proposal is accepted by the Myanmar Army” he said. “We are in fact now bringing Filipino expertise in rifles making to other parts of the world,” he added.

UDMC is a 100 percent Filipino-owned privately controlled corporation research-based rifles manufacturer that has engineered and improved on the design of the M4 and M16 by incorporating their patented PVAR piston driven system that combines the strengths of the AK-47 and the M16. UDMC has developed their own Technical Data Package using design and programming softwares from Dassault Systèmes of France.

Cariño said UDMC is hoping at landing a major contract in Myanmar, possibly its biggest, in the coming years.

“Myanmar’s military is about 500,000 men and women and is three and a half times bigger than the Philippines military so you could just imagine how big a market we are aiming at, if ever,” he said.

Detabali and Manlapaz are Army Scout Rangers and had participated either as member or commander, during their respective time in service with the Philippine Army, in the annual ASEAN Armies Rifle Meet (AARM). They are veterans in the conflict with various threat groups in the Philippines.

“Having a rifle that could deliver rounds to the target with maximum reliability and accuracy and with consistency is the cutting edge in the battlefield…We know that from experience,” Manlapaz said.

UDMC rifles a few years ago passed the rigorous tests and evaluations conducted by the Philippine Army Research and Development Center, the Philippine Navy Special Operations Group, the PNP Special Action Force and the PNP Research and Development Center for its safety, reliability and accuracy.

For years, UDMC rifles had been relied upon by American and British maritime security contractors protecting international shipping against pirates prowling in the Gulf of Aden and the Indian Ocean.


13029629_784179198349599_3404807687372578009_o.jpg


13041072_784179728349546_3019918233024059699_o.jpg


13048227_784179491682903_7295131739650077414_o.jpg


12973310_784180261682826_7029596441834496267_o.jpg

Thanks for picking filipino products guys
 
i love the part of the paragraph such as Plant will be built in Myanmar in BOTT process.. thz guys..!! we can produce the better lighter cheaper rifile in next coming year... :D

Its rifle tol anyhow far more better than chinese so it's good rifle our Special Forces are using it and have ball with it.
 
Its rifle tol anyhow far more better than chinese so it's good rifle our Special Forces are using it and have ball with it.

UMDC is the trust worthy defence company.. We do believe it's quality also.. Hope we can produce F5 PVAR in very soon and fix the error s of in-hand MA series AR with the tech of F5.. Anyhow this will go to positive for our armed forces..
 
Russia May Deliver first batch of Yak 130s to Myanmar By End of 2016

Russia plans to deliver three fighter jets to Myanmar by the end of 2016, media sources reported Tuesday.

Earlier this year, information from the 2016 acquisition plan of the Russian aircraft manufacturer Irkut had indicated that a batch of Yakovlev Yak-130 (Mitten) combat trainer aircraft and associated equipment could be delivered to Myanmar this year, along with a specialized full-mission tactical simulator to be delivered by the end of 2017. At the time, no further information about the exact delivery schedule was provided on the aircraft, which has an approximate export price of $15 million.

Now, a source has confirmed to the Russian daily Kommersant that the transfer will occur by the end of this year.

“The plan provides for the transfer of three aircraft to them [Myanmar] in 2016,” the source reportedly said.

The Yak-130, a Russian-made subsonic, two-seat, new-generation aircraft, was originally developed in the 1990s, with the prototype subsequently completing test flights and joint tests in the 2000s. Though it is classified as a lead-in fighter trainer (LIFT), which allows pilots to familiarize themselves with aircraft, it can also fly on genuine combat missions. And owing to several hard-points under each wing, the aircraft can support a combat payload weight of up to 3,000 kg, including air-to-air missiles, air-to-surface missiles, free-fall bombs, rockets, gun pods, and precision-guided bombs.

Myanmar signed the Yak-130 purchase contract in June 2015, three years after it had indicated its initial interest. Though the Russian Air Force still operates an overwhelming majority of the Yak-130s made thus far, other countries have expressed interest in buying them as well, including several from Latin America and North Africa.

As of now, Myanmar would become the fourth export customer for the Yak-130 after Algeria, Bangladesh, and Belarus. Previous reports have also indicated plans to export the aircraft to other countries, including Azerbaijan, Syria, Serbia, and Vietnam.

http://thediplomat.com/2016/04/russia-may-deliver-new-fighter-jets-to-myanmar-by-end-of-2016/
 
Russia May Deliver first batch of Yak 130s to Myanmar By End of 2016

Russia plans to deliver three fighter jets to Myanmar by the end of 2016, media sources reported Tuesday.

Earlier this year, information from the 2016 acquisition plan of the Russian aircraft manufacturer Irkut had indicated that a batch of Yakovlev Yak-130 (Mitten) combat trainer aircraft and associated equipment could be delivered to Myanmar this year, along with a specialized full-mission tactical simulator to be delivered by the end of 2017. At the time, no further information about the exact delivery schedule was provided on the aircraft, which has an approximate export price of $15 million.

Now, a source has confirmed to the Russian daily Kommersant that the transfer will occur by the end of this year.

“The plan provides for the transfer of three aircraft to them [Myanmar] in 2016,” the source reportedly said.

The Yak-130, a Russian-made subsonic, two-seat, new-generation aircraft, was originally developed in the 1990s, with the prototype subsequently completing test flights and joint tests in the 2000s. Though it is classified as a lead-in fighter trainer (LIFT), which allows pilots to familiarize themselves with aircraft, it can also fly on genuine combat missions. And owing to several hard-points under each wing, the aircraft can support a combat payload weight of up to 3,000 kg, including air-to-air missiles, air-to-surface missiles, free-fall bombs, rockets, gun pods, and precision-guided bombs.

Myanmar signed the Yak-130 purchase contract in June 2015, three years after it had indicated its initial interest. Though the Russian Air Force still operates an overwhelming majority of the Yak-130s made thus far, other countries have expressed interest in buying them as well, including several from Latin America and North Africa.

As of now, Myanmar would become the fourth export customer for the Yak-130 after Algeria, Bangladesh, and Belarus. Previous reports have also indicated plans to export the aircraft to other countries, including Azerbaijan, Syria, Serbia, and Vietnam.

http://thediplomat.com/2016/04/russia-may-deliver-new-fighter-jets-to-myanmar-by-end-of-2016/

Yak is for sure by the end of this year...!!!

Russian Defense Minister meets with Myanmar’s Defense Minister Sein Win
By
Mizzima
On Wednesday, 27 April 2016
Facebook Tweet Google +0 0 0


Russian-Defense-Minister-meets-with-Myanmar-Defense-Minister-Sein-Win.jpg



Minister of Defence of the Russian Federation General of the Army Sergei Shoigu had a meeting with Minister of Defence of Myanmar Lieutenant General Sein Win on 26 April. Photo: Ministry of Defence of the Russian Federation

Bilateral cooperation between Russia and Myanmar is developing dynamically, especially in the naval field, Russian Defense Minister Sergey Shoigu said on Tuesday, 26 April, at a meeting with Myanmar’s Defense Minister Sein Win, according to a report by the TASS news agency.

“During nearly 70 years of relations Russia and Myanmar have established strong friendly ties. The political contacts have become more active in recent years. The bilateral cooperation is developing dynamically, especially in the naval field and culture,” Shoigu said.

He pointed to another important area of cooperation - the training of military personnel from Myanmar in Russia.

“I am confident that today’s meeting will contribute to further strengthening our bilateral contacts and cooperation in the military and military-technical areas,” the report quoted Shoigu as adding.


- See more at: http://mizzima.com/news-internation...r’s-defense-minister-sein-win#sthash.uDOg2Uti

Intresting news.. Russia said we have improvement in naval field.. But I don't see nothing new in navy.. What can we get from Russia for our navy..? Kilo ..? Gepard..!?
 
UMDC is the trust worthy defence company.. We do believe it's quality also.. Hope we can produce F5 PVAR in very soon and fix the error s of in-hand MA series AR with the tech of F5.. Anyhow this will go to positive for our armed forces..

Its good to hear
 
Yak is for sure by the end of this year...!!!

Russian Defense Minister meets with Myanmar’s Defense Minister Sein Win
By
Mizzima
On Wednesday, 27 April 2016
Facebook Tweet Google +0 0 0


Russian-Defense-Minister-meets-with-Myanmar-Defense-Minister-Sein-Win.jpg



Minister of Defence of the Russian Federation General of the Army Sergei Shoigu had a meeting with Minister of Defence of Myanmar Lieutenant General Sein Win on 26 April. Photo: Ministry of Defence of the Russian Federation

Bilateral cooperation between Russia and Myanmar is developing dynamically, especially in the naval field, Russian Defense Minister Sergey Shoigu said on Tuesday, 26 April, at a meeting with Myanmar’s Defense Minister Sein Win, according to a report by the TASS news agency.

“During nearly 70 years of relations Russia and Myanmar have established strong friendly ties. The political contacts have become more active in recent years. The bilateral cooperation is developing dynamically, especially in the naval field and culture,” Shoigu said.

He pointed to another important area of cooperation - the training of military personnel from Myanmar in Russia.

“I am confident that today’s meeting will contribute to further strengthening our bilateral contacts and cooperation in the military and military-technical areas,” the report quoted Shoigu as adding.


- See more at: http://mizzima.com/news-international/russian-defense-minister-meets-myanmar’s-defense-minister-sein-win#sthash.uDOg2Uti

Intresting news.. Russia said we have improvement in naval field.. But I don't see nothing new in navy.. What can we get from Russia for our navy..? Kilo ..? Gepard..!?

Bro are you stopping with getting 3 Yaks or getting more in later years to fulfill larger requirement?
 

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