Incoming Myanmar government mulling Chinese dam rethink

Aung San Suu Kyi’s incoming government is considering a rethink of the controversial Chinese-backed multi-billion dollar Myitsone hydropower dam in northern Myanmar. YANGON: Aung San Suu Kyi’s incoming government is considering a rethink of a controversial Chinese-backed dam in Myanmar and looking for ways to end a military conglomerate’s “privileges”, according to her party’s economic advisor. […]

China says still trying to resolve stalled Myanmar dam scheme

China is pursuing efforts to resolve the problem of a stalled dam project in Myanmar, its foreign minister said on Tuesday, adding that Beijing had confidence in the incoming government of democracy leader Aung San Suu Kyi’s party. BEIJING: China is pursuing efforts to resolve the problem of a stalled dam project in Myanmar, its […]

Chinese firm aims to start production at flashpoint Myanmar mine

The Chinese firm behind a controversial Myanmar copper mine on Thursday said it plans to start operations in May, a move expected to pose an early challenge to a new government led by Aung San Suu Kyi. YANGON: The Chinese firm behind a controversial Myanmar copper mine on Thursday (Feb 18) said it plans to […]

Chinese giant works to win the people

Though the Kyaukphyu area is set for large-scale investments, it is in Rakhine State, which is also home to some of the country’s poorest communities. Kyaukphyu hopes to become a hub for the oil and gas industry and is to be home to one of Myanmar’s three Special Economic Zones – yet local residents risk […]

Corporate rules need improving

Strong corporate governance is essential for companies to succeed on the Yangon Stock Exchange when it launches – and local companies have a lot to do to be up for the challenge. The market is slated to launch in the third quarter 2015, and whether it survives depends on corporate governance, or the processes businesses […]

Fear of Pagoda Damage Draws Protests at Letpadaung Mine

Yangon — At least 150 rights activists and local residents are urging authorities in northwest Burma to allow them to visit a historic Buddhist pagoda that was allegedly damaged by a blast at the Letpadaung copper mine project last week. Amid rumors that the pagoda was damaged in a blast last Thursday, protests have been […]