US sanctions force jade into a corner, say traders

Jade traders say US sanctions have forced them to rely on Chinese investors and buyers, who dodge taxes and operate with little to no transparency. If Washington were to remove sanctions, they say, it would speed up reform in the troubled sector. Since the US banned imports of gems and jade in 2003, China has […]

Illegitimate Chinese companies hog housing projects in Myanmar

The majority of housing and residential projects in Yangon, Mandalay and Muse have been dominated by illegitimate Chinese companies. A local businessperson at the Myanmar Global Investment Forum said: “New Star Light Company, which is currently operating a 300-acre luxury complex in Muse, and the company implementing Mingalar Mandalay housing project in Mandalay are of […]