Energy giants win Myanmar offshore oil and gas blocks

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners Wednesday of a landmark auction of offshore oil and gas exploration rights, pinning hope on its natural resources to drive economic growth. The country, left impoverished by nearly five decades of isolation under military rule, has been the subject of feverish interest by […]

Reforming Myanmar Moves Up Global Corruption Rankings

YANGON — The Myanmar government’s reforms since a quasi-civilian government took charge in 2011 appear to be improving its poor reputation for corruption, with global watchdog Transparency International on Tuesday boosting the country’s ranking in its annual survey. The Berlin-based organization put Myanmar 157 out of 177 countries surveyed for its Corruption Perceptions Index 2013.The […]