Thilawa Special Economic Zone
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Thilawa Special Economic Zone
Thilawa Special Economic Zone ( my, သီလဝါအထူးစီးပွားရေးဇုန်; abbreviated Thilawa SEZ) is a special economic zone being developed in Kyauktan and Thanlyin Townships, south of Yangon city. The first phase of the SEZ became operational at the end of September 2015. History The project was announced in January 2011. Thilawa SEZ is being developed by a joint venture, initially between the Japan External Trade Organization and the Union of Myanmar Federation of Chambers of Commerce and Industry. The Burmese and Japanese governments established a consortium including Japan Thilawa SEZ Company (backed by Mitsubishi, Marubeni and Sumitomo corporations), Myanmar Thilawa SEZ Holdings, Thilawa SEZ management committee and the Japan International Cooperation Agency (JICA) on 29 October 2013 to proceed with development. Construction on the $3.28 billion project began in May 2014. The first phase of the SEZ was slated to complete in 2016, but w ...
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Special Economic Zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being l ...
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Japan International Cooperation Agency
The is a governmental agency that delivers the bulk of Official Development Assistance (ODA) for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation. The OECD's Development Assistance Committee published a peer review of Japan's development co-operation in October 2020. It was led by Dr. Shinichi Kitaoka, the former President of the International University of Japan, from 2015 to 2022. On 1 April 2022, Professor Akihiko Tanaka assumed the presidency of the Japan International Cooperation Agency (JICA) as the successor to Professor Shinichi Kitaoka. History JICA's predecessor, the previous Japan International Cooperation Agency (also known as "JICA"), was a semi-governmental organization under the jurisdiction of the Ministry of Foreign Affairs, formed in 1974. The new JICA was formed on October 1, 2003. A major component of the comprehensive overhaul of Japan's ODA decided by ...
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Economy Of Myanmar
The economy of Myanmar has a nominal GDP of US$69.26 billion in 2022 and an estimated purchasing power adjusted GDP of $257.34 billion in 2022 according to the International Monetary Fund. For the 2022 estimate, GDP per capita in Myanmar would be $4,060.67 in PPP per capita and $1,409.70 in nominal per capita. History Classical era Historically, Burma was the main trade route between India and China since 100 BC. The Mon Kingdom of lower Burma served as important trading centre in the Bay of Bengal. The majority of the population involved in rice production and other forms of agriculture. Burma used a system based on siliver as a medium of exchange. All land was technically owned by the Burmese monarch. Exports, along with oil wells, gem mining and teak production were controlled by the monarch. Burma was vitally involved in the Indian Ocean trade. Logged teak was a prized export that was used in European shipbuilding, because of its durability, and became the focal ...
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Special Economic Zones
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being l ...
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Economy Of Burma
The economy of Myanmar has a nominal GDP of US$69.26 billion in 2022 and an estimated purchasing power adjusted GDP of $257.34 billion in 2022 according to the International Monetary Fund. For the 2022 estimate, GDP per capita in Myanmar would be $4,060.67 in PPP per capita and $1,409.70 in nominal per capita. History Classical era Historically, Burma was the main trade route between India and China since 100 BC. The Mon Kingdom of lower Burma served as important trading centre in the Bay of Bengal. The majority of the population involved in rice production and other forms of agriculture. Burma used a system based on siliver as a medium of exchange. All land was technically owned by the Burmese monarch. Exports, along with oil wells, gem mining and teak production were controlled by the monarch. Burma was vitally involved in the Indian Ocean trade. Logged teak was a prized export that was used in European shipbuilding, because of its durability, and became the focal ...
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Special Economic Zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being l ...
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Winston Set Aung
Dr. Set Aung ( my, ဆက်အောင်) who is also known as Dr. Winston Set Aung is former Deputy Minister of the Ministry of Planning, Finance and Industry. He also had multiple roles as Chairperson of Thilawa Special Economic Zone's Management Committee of Myanmar, member of National Economic Coordination Committee (NECC) and Secretary of the Development Assistance Coordination Unit (DACU) that were chaired by the State Counsellor Aung San Su Kyi, until the Myanmar military launched a coup on 1st Feb 2021. Additionally, he was also the Secretary of Anti-Money Laundering and Countering the Financing of Terrorism Steering Committee chaired by the Vice President of Myanmar, Chairperson of the Kyaukphyu Special Economic Zone, Chairperson of the Myanmar National Airlines and a member of the Myanmar Investment Commission (MIC). Before he held these positions, he served as Deputy Governor of the Central Bank of Myanmar until July 2017, Deputy Minister for National Planning and ...
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Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Sumitomo Corporation
is one of the largest worldwide ''sogo shosha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchanges (Tokyo, Nagoya and Fukuoka) and is a constituent of the TOPIX and Nikkei 225 stock indices. Today, the company is one of the top three ''sōgō shōsha'' companies in the world. History The Sumitomo Group, of which Sumitomo Corporation is a key member, dates to the 17th century establishment of a book and medicine shop in Kyoto by Masatomo Sumitomo. Sumitomo's brother-in-law Riemon Soga developed a technology to extract silver from copper, and Soga's son (who married Sumitomo's daughter) Tomomochi Sumitomo expanded this smelting business to Osaka. From this start, the Sumitomo family expanded its business into copper mining (the Besshi copper mine), followed by textiles, sugar and medicine trading. The Sumitomo family was close to the To ...
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Kyauktan Township
Kyauktan Township ( my, ကျောက်တန်း မြို့နယ် ) is a township of Yangon Region, located in the southern section of the region. Prominent People from Kyauktan Township *Dr. Than Nyein (5 August 1936 – 21 May 2014), founder of National Democratic Force The National Democratic Force (NDF), is a political party in Myanmar (Burma). It was founded by former members of the National League for Democracy (NLD) who disagreed with the party leadership's decision to boycott the 2010 general election ... Party, was born in Khanaung east village. References External links"Kyauktan Township"map, Myanmar Information Management Unit (MIMU) Townships of Yangon Region {{Yangon-geo-stub ...
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Marubeni
(, OSE: 8002, NSE: 8002) is a ''sōgō shōsha'' (general trading company) headquartered in Nihonbashi, Chuo, Tokyo, Japan. It is one of the largest ''sogo shosha'' and has leading market shares in cereal and paper pulp trading as well as a strong electrical and industrial plant business. Marubeni is a member of the Mizuho keiretsu. History Marubeni was founded in 1858, where the founder Chubei Itoh moved out of the family business and started a linen trading business with his uncle. It was established in 1918 as Itochu Shoten, Ltd. in a spin-off of certain sales divisions of C. Itoh & Co. (Itochu) into a separate entity. Itochu Shoten merged with Itoh Chobei Shoten in 1921 to form Marubeni Shoten, Ltd. under the leadership of Chobei Itoh IX. Marubeni started out as a textile trading firm and expanded to trade in other consumer and industrial goods during the 1920s. Marubeni was re-combined with Itochu during World War II to form Sanko Kabushiki Kaisha Ltd. (1941–44) and Dai ...
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Mitsubishi
The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 to 1946. The company was disbanded during the occupation of Japan following World War II. The former constituents of the company continue to share the Mitsubishi brand and trademark. Although the group of companies participate in limited business cooperation, most famously through monthly "Friday Conference" executive meetings, they are formally independent and are not under common control. The four main companies in the group are MUFG Bank (the largest bank in Japan), Mitsubishi Corporation (a general trading company), Mitsubishi Electric and Mitsubishi Heavy Industries (both diversified manufacturing companies). History The Mitsubishi company was established as a shipping firm by Iwasaki Yatarō (1834–1885) in 1870 under the name ...
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