Illegal timber trade from Myanmar grows

THE London-based Environmental Investigation Agency says it is calling on both governments to stop the trade worth hundreds of millions of dollars a year that is reducing Myanmar’s forests and supplies China’s wood-processing industry, which makes furniture for domestic and international markets. The non-governmental organisation said Chinese businesses acquire the rights to illegally log mountains, […]

Mandalay’s red-hot property market sparks concerns over Chinese investment

Chinese nationals rushing into Mandalay this year are heavily involved in the region’s property market, and their investments are driving prices so high that Myanmar nationals are being displaced from Mandalay city’s centre, according to realtors. Figures from the Immigration and National Registration Department show that since the country opened to foreign investment, more than […]

Myanmar Chamber of Commerce Wants More Chinese Hydropower Investment

YANGON — Despite environmental and sustained public opposition, Myanmar’s main business federation has called for more Chinese investment in hydropower projects on the country’s rivers. Numerous plans have been announced to build major dams Myanmar’s two biggest rivers, the Irrawaddy and the Salween, and harness the huge amounts of potential energy on offer to address […]

Myanmar’s Aung San Suu Kyi meets Singapore leaders on 5-day visit

Myanmar’s opposition leader Aung San Suu Kyi met Singapore’s political leaders on Monday, on the fourth day of her first visit to the city state since released from house arrest. Suu Kyi, who is here for a five-day official visit as chair of a lower house committee of Myanmar, called on Singapore President Tony Tan. […]

Drop in Chinese Investment Could Hurt Myanmar Economy, Reform: US Report

Chinese investment in Burma has sharply declined since President Thein Sein’s reformist government took over from the military junta in 2011, says a US-based think tank. It warns that this fall in investment could hurt Burma’s economic development and the success of its nascent democratic reforms. Burmese public opposition against China’s Myitsone Dam and the […]