Mizzima awarded global JTI certificate for reliable news on Myanmar

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Mizzima Mizzima, one of Myanmar ’s most prominent news outlets and a press freedom advocate, obtained the Journalism Trust Initiative ( JTI ) certification from global audit firm Bureau Veritas , JTI says in a press statement 5 January.  Operating in clandestine mode within Myanmar and supported by an exiled team, Mizzima strives to fulfil its role as reliable source of news and information for the Myanmar public. “Your Journalism Trust Initiative certification affirms what audiences already know: that principled, transparent journalism matters. Congratulations on this achievement and on your continued contribution to informing citizens about Myanmar,” says Benjamin Sabbah , director of Journalism Trust Initiative “Myanmar’s ongoing conflict has created an intensely contested media landscape, where mis- and disinformation are increasingly deployed to reinforce state propaganda and the prevailing “official” narrative. Although Mizzima is already regarded as one of the most trusted ...
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Thailand’s PTT to invest up to $3 billion in Burma

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Tuesday, 17 July 2012 17:24 Mizzima News

Thailand's largest energy firm, PTT Pcl, said on Tuesday it planned to invest US$ 2-3 billion in a Burmese oil refinery, coal mines and a power plant, as part of its drive to expand in Southeast Asia.

Nattachat Charuchinda, the chief operating officer for PTT's petroleum business, told reporters in Bangkok the company planned to set up a subsidiary, PTT Myanmar, to oversee its investment in the country. The company said it also plans to have 60 petrol stations in Burma within five years.

The Yetagun gas platform offshore Burma in the Andaman Sea. Photo: kyspeaks.com

PTT, valued at $30 billion, runs Thailand's gas pipeline monopoly and controls more than 30 petroleum, gas exploration, petrochemical and refinery businesses.

The Burmese investment will be led the 65 per cent-owned PTT Exploration and Production Pcl (PTTEP), which already has five projects in Burma, officials said.

The proposed investment is among the biggest to be announced and follows a potential rush to invest in Burmese energy resources, following the easing of EU and US sanctions.

Natural gas from Burma accounts for about 30 per cent of Thailand's consumption, mostly used in power generation.

On July 4, The Bangkok Post reported that PTT Exploration and Production Plc (PTTEP) said it planned a US$ 20-billion investment from 2012-16 in various projects, not including mergers and acquisitions.

Of the budget, 55 per cent will be invested in domestic oil and gas resources and 45 per cent in expansion abroad, mainly in Burma, said company officials.

The company said almost $2 billion will be invested in Burma’s Zawtika field.

The company currently has seven projects and four exploration blocks in Burma. The Zawtika field, in the offshore Block M9 in the Gulf of Martaban, is on track to come on stream next year, with initial output of 300 million cubic feet per day – 240 million cfpd delivered to Thailand and the rest to Burma, the article said.

The output from the Zawtika field will raise Thailand's natural gas imports from Burma to between 1.2 and 1.3 billion cfpd including from the nearby Yadana and Yetagun fields, the company said.

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