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Cube Highways in talks with pension funds, SWFs to raise $1b

Cube Highways in talks with pension funds, SWFs to raise $1b
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

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Pressure mounts on Okura Prestige

TOKYO 16 July 2021: Japanese business entities should stop participation in a commercial real estate project involving Myanmar’s military junta, Human Rights Now, Human Rights Watch, Japan International Volunteer Center, Justice For Myanmar, and Mekong Watch stated in a joint release on Thursday.
They are targeting Yangon’s Y-Complex, where a 399-room Okura Prestige Yangon is due to open in 2022.
Justice for Myanmar alleges that foreign investment is involved in the construction and management of the Y-Complex project that funds land lease fees to the country’s armed forces known as the ‘Tatmadaw’.
One participating company, Tokyo Tatemono, stated that they ....

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Japan: Stop Real Estate Project in Myanmar

Commercial Dealings with Abusive Military Undermines Rights
Activists demonstrate in front of the Ministry of Economy, Trade and Industry on June 18, 2021 in Tokyo, Japan.
© 2021 Kazuki Oishi/Sipa USA
(Tokyo) – Japanese business entities should stop their participation in a commercial real estate project involving Myanmar’s abusive military, Human Rights Now, Human Rights Watch, Japan International Volunteer Center, Justice For Myanmar, and Mekong Watch said today. The proposed Y-Complex in Yangon is being constructed on land leased from the country’s armed forces, the Tatmadaw, whose long record of abuses has worsened since the February 1, 2021, military coup.
“The Japanese government and businesses failed to appropriately assess the risk associated with doing business in Myanmar,” said Ryutaro Ogawa, Vice Secretary General at Human Rights Now. “They should admit their own shortcomings and act responsibly, otherwis ....

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Probe finds 10 Japanese firms with possible links to Myanmar junta

Probe finds 10 Japanese firms with possible links to Myanmar junta
A Japanese consortium involving Fujita paid over $1.84 million in-ground rent to Myanmar s Defense Ministry for a redevelopment project in Yangon, through a local joint venture.
Monday, May 10, 2021 11:04 PM UTC
At least 10 Japanese companies have direct business ties or have taken part in projects with Myanmar military-affiliated firms, according to a probe by a Kyodo News team.
Such entities include the Japan Bank for International Cooperation, construction firm Fujita Corp and property manager Tokyo Tatemono Co.
There were concerns that funding and business deals by the Japanese government and private entities may be aiding human rights abuses by Myanmar s junta. ....

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10 Japan firms may have links with Myanmar's military junta

10 Japan firms may have links with Myanmar's military junta ....

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