Thai-Japan railway to link Burma & Cambodia

[Aepsilons]

Finally...!!! we got 3 SEZ deal.. ; Thilawa , Kyout Phyu , and now Dawei SEZ.. among them, Dawei SEZ has the huge potential to become a one of main ports in SEA region... if Japan hold this besides Thilawa , it can kick off faster and can benefit for 3 nations.... for Myanmar-Thialand-Japan Friendship..

Definitely ! I'm rather pleased with Prayuth's speed of administrative decision making regarding this. What took years for the Thai government under Yingluck and Thaksin , Prayuth used mere months.

To greater Japanese-Thai-Burmese cooperation !

Chai Yo ! Chai Yo !

@somsak , to celebrate the success , i say we listen to some Northern Thai music , lol. @Aung Zaya --- do you guys have similar dances ?

 

[somsak]

Definitely ! I'm rather pleased with Prayuth's speed of administrative decision making regarding this. What took years for the Thai government under Yingluck and Thaksin , Prayuth used mere months.

To greater Japanese-Thai-Burmese cooperation !

Chai Yo ! Chai Yo !

Kumbangwa.
I only like Yingluck and Thaksin. They are democratically elected,

im using cell phones. Wait till I use desktop i will brift trnaslate for u, @Nihonjin

 

[Aepsilons]

Kumbangwa.
I only like Yingluck and Thaksin. They are democratically elected,

hehe, in time, a new government will be set in place. However, during this transitional period, I believe that Prayuth will lead Thailand gradually. I like him.

 

[Aung Zaya]

BD is more interested in connecting to China. We dont have much trade with ASEAN except Malaysia and Singapore.

Hey.. Think positive.. Dawei will be a one of main door of SEA mainland countries by reduction of transportation cost.. it's a great chance of big exportor like BD.. dont u..?

 

[somsak]

@Lux de Veritas
By pass Singapore. bye bye. In the future oil price will be based on Dawei's exchange.

 

[Aung Zaya]

Kumbangwa.
I only like Yingluck and Thaksin. They are democratically elected,

im using cell phones. Wait till I use desktop i will brift trnaslate for u, @Nihonjin

hehe, in time, a new government will be set in place. However, during this transitional period, I believe that Prayuth will lead Thailand gradually. I like him.

whatever i like both coz both has close relationship with myanmar..

@Lux de Veritas
By pass Singapore. bye bye. In the future oil price will be based on Dawei's exchange.

China by pass with Madey island Deep sea port.. now Thailand by pass with Dawei again..

 

[Echo_419]

Thailand and Japan Agree to Sign Deal on Dawei Mega Project
It is expected that Thailand’s Prime Minister’s, Prayut Chan-o-cha’s will sign a memorandum of understanding (MoU) on the $60 billion Dawei mega project during his visit to Japan next week.

The cabinet on Tuesday approved a wide-ranging economic partnership with Japan that will be signed during the prime minister's official visit next week.

It was reported in the Bangkok Post that a spokesman for Thailand’s government, Sansern Kaewkamnerd said: “Japan had agreed at the recent meeting between Thailand, Japan and Myanmar to take part in the Dawei project and possibly offer soft loans for construction of a 138-kilometre road linking Dawei and the Thai border. Japan has also agreed to hold an equal partnership in Dawei SEZ Development Co (DSEZ), a special-purpose vehicle (SPV), to run the project.”

The recently named DSEZ has taken over from the Italian-Thai Development Plc (ITD), who held the initial concession given by the Burma government in 2010. The Bangkok Post pointed out that in “June 2013, Thailand and Myanmar agreed to set up DSEZ with an equal shareholding and initial investment of 12 million baht, far below the 100 million baht proposed earlier. The company is registered in Thailand.”

The Bangkok Post reported that Japan and Thailand have agreed to set up “SPVs to manage the port, road and rail links, power plants, waterworks, industrial estates, telecommunications and a township. SPVs will be registered in Myanmar.”

Mr Sansern as quoted in the Bangkok Post said the “MoU would also include a 1.435-metre standard-gauge railway development on three possible routes: Bangkok-Chiang Mai, Bangkok-Kanchanaburi-Sa Kaeo, and Mae Sot-Mukdahan.”

Padoh Saw Eh Na, joint secretary of the Karen National Union, Megui/Tavoy district spoke to Karen News about the proposed project.

“The area [of the mega projects] is not under our control, it’s close to the coastline that is under government control. We [KNU] have not seen any new activity going on in our areas. But for anything linked to the projects that fall in our control area, they will have to let us know about the plans.”

Great news for the region,this project will generate a lot of jobs & trade in the region

 

[Aung Zaya]

Refinery deal in Myanmar key for Guangdong Zhenrong Energy
FEBRUARY 9, 2015 BY THIHA

Guangdong Zhenrong Energy Co, a major Chinese bulk commodity trader, expects the country’s “One Belt One Road” strategy to help boost its overseas investments, which in its case includes a planned massive oil refinery in Myanmar.
The country’s New Silk Road Economic Belt and the 21st Century Maritime Silk Road strategies were launched in 2013 to further open up to the rest of the world and speed up infrastructure connectivity in the region.
The proposed Myanmar refinery, with an expected annual processing capacity of 5 million metric tons of crude oil, has been submitted by the Guangdong provincial government to the State Council under the strategy, said Cui Yi, director general of Zhenrong Energy’s refining and petrochemical department.
He said the company also expects to benefit from policies within the strategy to develop other overseas petrochemical industrial parks.
Zhenrong Energy received the go-ahead for the US$2.9 billion (S$3.9 billion) Myanmar project from the National Development and Reform Commission in November and is currently applying for state approval from the authorities in Myanmar.
Myanmar’s laws on foreign investment were amended in August last year and now require participation in any new petrochemical project by its own Ministry of Energy.
Myanmar Economic Holdings Ltd and Myanmar’s HTOO Group of Companies are already joint venture partners in the project.
Located in the Dawei special economic zone in southern Myanmar, the complex will become the largest refinery in the country when completed, Cui said, and is expected to play a key part in the raising of professional standards in the country’s petrochemicals industry.
Its facilities will include the construction of a 150,000-ton crude oil dock, two refined oil docks, warehousing and logistics facilities, a power plant, and a network of gas, and liquefied petroleum gas stations.
Products from the refinery will mainly satisfy the Myanmar market, with the surplus to be exported.
Cui said the refinery’s plans date back to 2009 when Zhenrong Energy’s Chairman Xiong Shaohui first learned how the country’s refining technology had remained low. Myanmar still imports more than 80 per cent of the refined oil products it needs.
A memorandum of understanding on the project was signed the following year with an environmental assessment then carried out in 2012, a year before the country’s environmental protection law was passed.
The refinery is expected to adopt China’s national IV environmental standards, the equivalent of the Euro IV standard, Cui said.
To assure local people about its environmental commitment to the project, the company invited a group of around 30 Myanmar villagers, monks and journalists to tour an oil refinery in Luoyang, Henan province, and oil exporting facilities in Guangdong in 2013.
In May last year, 1,370 villagers signed a letter in support of the refinery project, which was handed in to the country’s president’s office, the energy ministry and local governments.
“Although the investment environment in Myanmar has appeared to be unstable over the past two years－which slowed the pace by some investors－the reform and opening-up in Myanmar is accelerating,” Cui said.
“The market is underdeveloped but still has a positive outlook and offers considerable opportunities. Although some risks exist, it is attracting increasing numbers of foreign investors.”
Xiao Yaofei, a professor with the School of Economics and Trade, Guangdong University of Foreign Studies, said China’s “One Belt One Road” strategy, which is emphasizing future infrastructure connectivity with various countries, is expected to lay the foundations for foreign investment by Chinese firms.
Xiao said Zhenrong Energy’s Myanmar project should also pave the way for other petrochemical-related investments by other Chinese firms, such as those engaged in chemicals manufacturing, for instance, and its support industries.
Founded in 2002, Zhenrong Energy generated 105.2 billion yuan (S$22.6 billion) in revenue in 2013, including 65.2 billion yuan from international trade, ranking 139 among the top 500 Chinese companies. It is jointly owned by the State-owned Zhuhai Zhenrong Corp, one of the country’s largest oil traders.
As the global refined oil trading sector becomes increasingly competitive, the company has placed overseas investment at its core and aims to become one of the world’s top 500 multinationals in the next three to five years.
Source: asiaone20BUSINESS