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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Burma’s gas export revenue increases

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Wednesday, 25 April 2012 12:56 Mizzima News

(Mizzima) – Burma’s natural gas exports jumped to US$ 3.563 billion in fiscal year 2011-12.

A natural gas production rig in the Yetagun Field (Marinerthai)

The total figure was up $640 million from $2.92 billion in 2009-10, local media reported on Tuesday.

Natural gas from the Yetagun and Yadana gas blocks mainly accounted for the export earnings. Gas from the Shwe and Zawtika gas blocks will be exported by 2013, said Weekly Eleven News.

Foreign investment in the oil and gas sectors reached $13.815 billion in 104 projects as of the end of November, 2011, accounting for 34 percent and ranking second in the country's foreign investment sectors after electric power, mostly destined for China.

The Energy Ministry has granted permits to seven national-controlled companies to do joint venture business with international oil companies in nine out of 18 blocks and two contracts have been signed, according to the earlier press reports.

International oil companies now doing business in Burma include companies from  Indonesia, Thailand, France, Malaysia, Russia, China and India.

Since 1988, foreign companies have long been engaged in 49 inland blocks and 26 offshore ones in Mon, Taninthayi and Rakhine regions.

These companies include those from Australia, Britain, Canada, China, Indonesia, India, South Korea, Malaysia, Russia, Singapore, Thailand and Vietnam.

Burma is estimated to possess 3.2 billion barrels of recoverable crude oil reserve, according to official statistics.

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