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Myanmar’s opium farmers cling on to lucrative crop

HOPONG, Myanmar: Fields of purple opium poppy stretch across the pastures and peaks of mountainous eastern Myanmar, with many farmers reluctant to give up the profitable cash crop in spite of incentives offered. Myanmar is the second biggest source of opium in the world after Afghanistan, with Shan state its main production hub. AFP hiked […]

In Myanmar, Facebook brings light as well as darkness

It has been more than eight months since Facebook CEO Mark Zuckerberg was grilled by the US Congress over the Cambridge Analytica breach. “I promise I will do better” would be a simple short sentence to sum up Zuckerberg’s stressful two-day congressional testimony. He admitted to US senators that partly because of his mistake it […]

Myanmar Labor Minister Commits to Working Toward Elimination of Child Labor

Half of Myanmar’s child laborers work in dangerous conditions for low minimum wages as the Southeast Asian country strives to eliminate the ubiquitous practice of employing young people, the country’s labor minister said Monday. “Half of Myanmar’s child laborers are working in dangerous conditions, but we can’t ask them to stop immediately,” Thein Swe, the […]

Siam Cement Using Cash Pile to Grow in Indonesia & Myanmar

Siam Cement, Asia’s biggest cement producer by market value, plans to buy as many as five companies in Southeast Asia as rising incomes boost demand for homes and governments increase spending on infrastructure. Bangkok-based Siam Cement is in talks with companies including a building-materials producer in Vietnam, President Kan Trakulhoon said, without naming them. The […]

DuPont to foray into Myanmar

American science and chemical giant DuPont has set its eyes on Myanmar as part of its ASEAN expansion strategy and will open an office in the Southeast Asian country this year, a top executive said. “Our regional team has done a lot of good work to get us started in Myanmar. We are in the […]