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Japan : JAPAN plights US$102 million in loans to his BURMESE COUNTERPART

August 14, 2014

10.5 billion yen (US$102 million) has been subscribed by Japanese Foreign Minister Fumio Kishida in loans to his Burmese counterpart, Wunna Maung Lwin to develop the country s communications infrastructure.

The new low-interest loan would be targeted at formulating a communications network associating three major cities, including Rangoon, Mandalay and Naypyidaw that would cope with the country s growing need for mobile phones and Internet connectivity.

Both the officials talked about the developing bilateral partnership between the two countries, strengthening economic ties, and making visa applications more convenient for Japanese businessmen.

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Source: TendersInfo (India)

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