An official revealed that the government is considering removing the main developer from the controversial Dawei SEZ project. The main contractor, Italian-Thai Development (ITD), had fallen out of favor over concerns that its contractual obligations are not met. According to deputy commerce minister U Aung Htoo, “under the current contract, the existing company shall pay off investments if it stops operating, but the contract doesn’t clearly state whether another company can replace the existing one”. There has been significant local opposition to the project ever since it was first discussed in 2008. Major concerns relate to a lack of transparency, environmental damage and the alleged forced eviction of local residents. The arrest of ITD president, Premchai Kanasuta sparked more concern for the project. He is on trial for alleged involvement in the poaching of endangered animals in areas close to the SEZ site.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- Myanmar refugees flee conflict and conscriptionSource: Voice of America East AsiaApril 30, 20242 days ago
- Thai foreign minister quits after cabinet reshuffleSource: Voice of America East AsiaApril 29, 20243 days ago
- Navy on standby to evacuate Thais from MyanmarSource: Bangkok Post Recent StoriesApril 29, 20243 days ago
- Is Myanmar’s army reversing its losses? It’s complicatedSource: BBC AsiaApril 28, 20244 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss