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WE Holdings confirms JV in Myanmar – Rory Briggs

WE Holdings has acquired a joint venture company in Singapore, WE Dragon Resources, together with prominent Myanmar businessman Nay Win Tun.

The Electronics manufacturer and distributor will assess potential petroleum, oil and gas, and related resources business opportunities in Myanmar.

The joint venture will look to tap into the reported 50 million barrels of oil reserves in Myanmar.

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Cathay Pacific and Dragonair take four top Skytrax honours at the Paris Air Show

Cathay Pacific Airways was awarded “World’s Best Cabin Staff” and “Best Transpacific Airline”, while its sister airline, Dragonair, won “World’s Best Regional Airline” and “Best Regional Airline in Asia” in the annual Skytrax World Airline AwardsTM programme.

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Magnolias gears up construction in second half of 2013 Sales completion of 60% in addition to achievement of EIA Approval

Bangkok, 25 June 2013– Magnolias Ratchadamri Boulevard, the last remaining and most sought-after condominium address on Ratchadamri Road, has achieved EIA (Environmental Impact Assessment) approval. Successful completion of the EIA process signifies that construction can commence immediately, with estimated completion likely to be in 2015. Magnolias Ratchadamri Boulevard, one of the most architecturally beautiful and Green luxury developments in Asia, has enjoyed strong buyer interest from domestic and overseas markets, with 60% or a total of 2,900 million baht sales completion achieved prior to EIA approval.

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Myanmar set to benefit from direct Australian aid

After around two-and-a-half decades of isolation, Myanmar may soon be in a position to receive direct developmental aid funds from Australia.

Currently Australian aid to Myanmar, also known as Burma, is delivered through multilateral groups such as the United Nations High Commissioner for Refugees (UNHCR) and non-government organisations.

But AusAID director-general Peter Baxter told a recent Senate estimates hearing about new plans to work directly with the Myanmar government.

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Myanmar's infrastructure, following its economy, to be developed rapidly - 80% mobile penetration in 3 years – Sophie Song

With western trade sanctions lifted, Myanmar is now the investment darling of the world – in addition to Coca-cola and Unilever, IT and communications companies have all set their eyes on the country, as one of the last unconquered frontiers of Asia.

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