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Myanmar tourism body Pledges to expel shoddy operations
The Myanmar Tourism Entrepreneurs Association has said it would terminate the membership of companies that broke the law and report them to the Ministry of Hotels and Tourism.
Poor practice tarnished the whole industry, the association said, with Tourbox Travels and Tours currently in the spotlight. The firm has been told to contact the association by Wednesday.
A dissatisfied customer has voiced out against the tour company on social media, accusing it of cancelling trips without prior notification, extremely poor service and failing to pay its own staff. – Eleven Myanmar
IRPC’S UHV PROJECT KICKS OFF
IRPC said last Friday that its upstream project for hygiene and value-added products or UHV project commenced commercial operations on July 16.
Sales were realised starting from that date, it said in a filing to the Stock Exchange of Thailand.
The UHV project upgrades the low value product, fuel oil, to high valued-added products.
The main product is 320,000 tonnes of propylene per year, which will be the feedstock for the polypropylene expansion unit.
INDORAMA SETS UP |INDIRECT JV IN CHINA
Indorama Ventures has set up an indirect subsidiary and an indirect joint venture in China.
According to its filing last week to the Stock Exchange of Thailand, the new subsidiary Performance Fibres (Kaiping) No 3 Co was set up with registered capital of US$20 million (Bt700 million) to manufacture and sell industrial fibres and fabrics.
IVL’s wholly owned subsidiary Indorama Netherland owns 99 per cent of the new subsidiary, while the rest is owned by Performance Fibres (Kaiping) Co, another wholly owned subsidiary of IVL.
The new JV, ES FibreVisions Shanghai Co, was set up with a registered capital of $300,000 to trade in fibre products.
The entity is 100 per cent held by ES FibreVisions Hong Kong Co, a 50:50 JV of IVL and JNC Corporation.
