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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Max Myanmar enters cement deal

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Friday, 19 October 2012 14:05 Mizzima News

Max Manufacturing Company of Burma will increase its daily cement production capacity from 500 tonnes now to 2,600 tonnes by the end of next year and 4,200 tonnes in 2014, according to a deal with a Thai company, the Bangkok Post reported on Thursday.

The deal involves the renovation of  two present cement factories located close to Naypyitaw.

Max Cement is a branch of Max Myanmar Group Companies. This facility is located in Taung Philar in Reni District. Photo: Max Myanmar Group Companies

LV Technology (LVT) of Thailand will issue 396.69 million new shares to raise funds to invest in a cement business through a unit of the Max Myanmar Group of Companies, said the Post.

At present, Burma consumes 4.5 billion tonnes of cement per year including 2.5 billion tonnes imported, said the article.

"The cement business in Myanmar is expected to see rapid growth such as that seen in Thailand 30 year ago. Thailand's cement business has grown six-fold since that time, and Myanmar's is expected to grow by 10-12 per cent per year, based on an assumption of 5 per cent GDP growth," a LV Technology official said.

Earlier, Mizzima reported that several companies in Thailand and Indonesia were eyeing Burma to expand their cement production businesses.

PT Semen Gresik, Indonesia's biggest cement maker, has said it will build a US$ 159 million plant next year with a capacity of up to 1 million tonnes per year, chief executive Dwi Soetjipto said, according to domestic Indonesia media.

“We will set up a joint-venture with a local partner to build a factory with a capacity of 600,000-1 million tonnes a year.” he said, based on anticipated demands for infrastructure as foreign companies move into Burma in the coming years.

On Feb. 2, Mizzima reported that Siam City Cement Plc (SCCC) of Thailand was looking at building a cement plant in Burma.

Managing director Philippe Arto told domestic media that the company already had contacts and is studying potential investment locations throughout the country.

“For SCCC, we see the real potential and are positive about Burma. We have to act fast to grow our business there,” he told local media.

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