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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Thai company to open biofuel plant in southern Burma

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Tuesday, 25 December 2012 12:15 THE BANGKOK POST

Thailand’s MAI-listed Universal Adsorbents & Chemicals Plc (UAC) plans to invest in a new 800-million-baht (US $27 million) alternative biofuel energy project in Myanmar expected to start operating in 2014.

Chief executive Kitti Jivacate said the company will enter the project with a Myanmar partner that will own a 20 percent stake.

The biofuel plant will be located on Myanmar's Song island near Thailand's Ranong province. The project will use palm oil as its raw material.

The proposed local partner is one of the biggest business groups in Myanmar, and a contract will be signed next year.

The project will start by 2014, with the electricity output sold in both Myanmar and Thailand.

UAC previously announced its investment in two water-treatment projects in Myanmar through its UAC Hydro Tech Co subsidiary.

One is valued at 300 million baht ($10 million) and planned for Mandalay, while a 600-million-baht facility will be in Yangon. Both will be built next year and start receiving revenue in 2014, with 300-400 million baht annually expected.

UAC will also open a representative office in Myanmar to supply chemical and power plant equipment.

The company expects revenue growth of 20 percent next year thanks partly to revenue realised from its compressed biomethane gas project.

After 2013, annual revenue should double, half of it generated from alternative energy.

Mr Kitti said the operating net profit will also improve, as the company will receive tax privileges from two new power plants located in industrial zones in Sukhothai and Chiang Mai provinces.

UAC plans to double its paid-up capital to 500 million baht in the next three years to serve its major investment plan.

For the first nine months of this year, UAC achieved sales of 625 million baht, down by 5.34 percent year-on-year, for a net profit of 103 million, up by 31.6 percent.

UAC shares on Friday closed on the MAI at 7.65 baht, down 15 satang, in trade worth 14.6 million baht ($0.5 million).

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