Singapore’s Fincy Pulls Out of Controversial Chinese-Backed Gambling Hub in Myanmar

YANGON—Singapore-based financial services firm Fincy has announced it will withdraw from a controversial development project run by shady Chinese investors accused of involvement in illegal cryptocurrency and online casino operations near the Thai border in Myanmar’s Karen State. On Wednesday, Fincy said in a statement that it is pulling out of the Yatai New City […]

Myanmar Govt to Probe Contentious Chinese Development on Thai Border

YANGON—The Myanmar government has formed a tribunal to investigate irregularities surrounding a controversial China-backed city development project near the Thai border in Karen State. The planned mega resort and city expansion project is controlled by the Karen State Border Guard Force, a Myanmar military-backed armed group led by Colonel Chit Thu and formerly known as […]

Can Myanmar’s Hydropower Study Truly be For The People?

In recent weeks, violent clashes in Kayin State have further disrupted Myanmar’s fragile peace process. Fighting between the Democratic Karen Buddhist Army (DKBA) and the government-sponsored Border Guard Force (BGF) in Mae Tha Waw areas of Hlaingbwe township, and more recently near Kawkareik township, has displaced over a thousand people. Entire families have fled their homes and are […]

Roads can convert Myanmar from economic void to hub

  YANGON — Once regarded as “Asia’s missing link,” Myanmar is undergoing a road construction boom. Seen as vital for economic development, arterial roads are being planned and built with greater urgency, and advances in democratization as well as cease-fires with ethnic minority rebels have sped projects along. The construction of roads connecting Myanmar with […]