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Myanmar’s stalled China-backed Myitsone dam project strained bilateral ties for years — now it could be scaled back or moved

A top Myanmar investment official on Tuesday suggested scaling back or relocating a stalled Chinese-backed hydropower project that has strained ties between the neighbours for nearly a decade. The suggestion follows a statement by the Chinese Embassy in Myanmar earlier this month that said civil society organisations in Kachin state supported the planned project. Hundreds […]

Aik Htun: Driver turned Tycoon

For the owner of a business of any size, integrity is key. This is the principle that has brought U Aik Htun, one of the richest businessmen in Myanmar, through ups and downs. “The biggest secret of success is honesty and integrity,” said U Aik Htun, chair of conglomerate Shwe Taung Group, speaking in fluent […]

Shwebo drought leaves farmers in trouble, kills plants

Shwebo District in Sagaing Region has been hit by a untimely drought causing difficulty with monsoon paddy growing while outright leading some plantations to wither and die, according to local sources. In the district, the areas without access to a dam that have to rely on rainwater. The drought has caused cultivation problems for the […]

Aust company under fire over Myanmar dam

AUSTRALIA’S Snowy Mountains Engineering Corp is facing mounting criticism over its role in a 7000 megawatt hydropower project in Myanmar. THE SMEC is undertaking environmental and social impact studies into the construction of the $US8 billion ($A11 billion) Mong Ton Dam, overseen by China’s Three Gorges Corp, in Myanmar’s eastern Shan State. SMEC’s efforts to […]