Fri 31 Aug 2012
Filed under: Business / Trade,News
Rangoon – Htay Myint, the owner of the Yuzana Company, says the company will give back more than 1,000 acres of confiscated land in the Hukaung Valley in Kachin State to the original owners, said activist Bauk Ja.
Farmers gathered in front of the Yuzana Hotel in Rangoon on Friday to stage a protest against the Yuzana Company’s land confiscations in Hukaung Valley in Kachin State. The demonstration was called off after farmers learned their land would be returned. Photo: Mizzima Bauk Ja, who negotiated with Hyay Myint on Wednesday, said the land would be returned and negotiations would also take place to determine compensation for the lost land, which was mostly used to grow cassava and sugarcane.
A scheduled demonstration in front of the Yuzana Hotel on West Shwegondine Road in Rangoon on Thursday was called off after farmers learned their land would be returned.
According to Htet Aung Kyaw, the secretary of the Rangoon Region National Democratic Force (NDF) party, Htay Myint also will help farmers register the land. Bauk Ja was a NDF party candidate in the elections.
Htet Aung Kyaw told the media that the two sides are still negotiating the amount of compensation to farmers from Warazuap, Namsan, Bangkok, Lajarpa, Aungra and Sharuzuap villages.
Zau Seng, a farmer from Warazuap village, said that his land was bulldozed and spoiled four years ago and even if he gets the land back, he will need about eight years to restore the land to its previous condition.
Earlier this month, the Aye Ya Shwe Wa Company, owned by Burmese tycoon Tay Za, returned more than 40,000 acres of confiscated farmland to the government to return to the original owners.
Confiscation of farmland by the military, government and businesspeople is a recurring problem in Burma.