Yangon rail system to get upgrade

Dec 31, 2016

Yangon rail system to get upgrade

by

Tourists visiting Myanmar’s largest city, Yangon, could lose one of the star attractions of the former capital after the railway that encircles the city is upgraded with the help of Japanese investment. While the responsibility for upgrading the 46 km (28.5 miles) of track ...

Dec 16, 2016

Myanmar-Japan venture targets role in improving infrastructure

A joint venture between Myanmar’s leading heavy machinery distributor, Myanmar Kaido Co., and Japanese trading giant Mitsubishi Corp. aims to capitalize on Myanmar’s rapid development of urban infrastructure through the rental of construction and other equipment. An opening ceremony for the joint venture, Diamond ...

Pakistan says Japan traders among those eyeing LNG tender

Nov 29, 2016

Pakistan says Japan traders among those eyeing LNG tender

Pakistan says Japan’s biggest trading houses are among almost two dozen companies eyeing its liquefied natural gas purchase tender that it says is the largest on record. Mitsubishi Corp., Mitsui & Co. and Marubeni Corp., have expressed interest in the LNG order, which was ...

Jul 12, 2016

Mitsubishi firms to join Yangon urban development project

Trading house Mitsubishi Corp. and real estate developer Mitsubishi Estate Co. said Tuesday they will join an urban development project in Yangon, Myanmar’s largest city. They will implement the project in collaboration with major Myanmar conglomerate Serge Pun & Associates Ltd. Group, or the ...

Commodity rout cuts ¥970 billion from Japan's major trading houses

Mar 25, 2016

Commodity rout cuts ¥970 billion from Japan's major trading houses

The nation’s biggest trading companies, stalwarts of the economy, expect to book combined writedowns of at least ¥970 billion ($8.6 billion) as ill-timed investments in commodities ranging from shale gas to copper mines erode profitability. The writedowns for the year ending March underscore the ...

Jan 20, 2016

Mitsubishi bolsters U.S. LNG ties with gas marketer purchase

Mitsubishi Corp. bolstered access to natural gas supplies for its North American export projects by taking full ownership of oil and gas marketer Cima Energy Ltd. Mitsubishi, which already held 34 percent of Cima, took control of the Houston-based company, it said Wednesday, without ...

Dec 29, 2015

Mitsubishi to launch fund to support Tohoku recovery

Giant trading house Mitsubishi Corp. is considering establishing an investment fund for industrial promotion to accelerate reconstruction of the Tohoku region, which was damaged by the March 2011 earthquake and tsunami, it was learned Monday. “We need to help create new industries in Tohoku,” ...