Tuesday, October 09, 2012

Bank Denies Rumors as Depositors Flee


8-Oct-12

Burmese banking officials sought on Saturday to stem a panic after depositors 
withdrew nine billion kyat (US $10.5 million) the day before from a leading 
local bank on rumors that its owner had been arrested for money laundering.

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Burma to allow private entrepreneurs to generate electricity


Monday, 08 October 2012 12:48 Mizzima News
Private companies in Burma have been given permission to generate electricity 
production as independent producers as part of its bid to help ease power 
shortages in the country, state-run media reported on Sunday.
The entrepreneurs will be allowed to generate 230 KV (kilovolts) and 66 KV, 
said the Ministry of Electric Power in a

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US signs important investment law affecting Burma


Monday, 08 October 2012 12:22 Mizzima News
President Barack Obama has signed into law legislation that will allow the US 
to back international financial institutions that support Burma’s economic 
and social development.

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South Korean companies to build Rangoon power plant


Monday, 08 October 2012 12:11 Mizzima News
Five South Korean companies have been given the go-ahead to launch 
a 500-megawatt (mw) gas-fired combined cycle power plant project 
in Rangoon’s Thakayta Township, official media reported on Saturday.

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Campaign to Free Prominent Prisoner Wins Wide Support


8-Oct-12

Supporters of Myint Aye, the imprisoned founder of the Human Rights Defenders 
and Promoters (HRDP) network, say they have collected more than 10,000 signatures 
since launching a campaign for his release late last month.

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Authorities to Investigate Cause of Mosque Blaze


8-Oct-12

Local authorities in the Arakan State capital of Sittwe said they will launch 
an investigation into the cause of a fire that destroyed a building within 
the compound of the city’s main mosque on Sunday afternoon.

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