Myanmar reviews $9bn China-backed port project on cost concerns

Myanmar’s government is reviewing a $9bn deepwater port project backed by China over concerns it is too expensive and could ultimately fall under Beijing’s control if Myanmar were to default on its debt. Two people with direct knowledge of the discussions within Aung San Suu Kyi’s government said that economic officials were looking for ways […]

Will Myanmar’s government cancel Woodside Petroleum Limited’s contracts?

Woodside Petroleum Limited’s (ASX: WPL) dealings with the brutal Myanmar government appear to be getting murkier.The energy company has been touting the prospective lucrative returns it hopes to gain from its investment in Myanmar. “Woodside is one of the largest offshore petroleum acreage holders in Myanmar,” according to the company’s website “Collectively, our nine permits […]

Skin cure fad driving Myanmar elephant poaching surge: WWF

YANGON: Myanmar’s wild elephants are being poached in record numbers with at least 20 killed this year due to surging demand for their hide, WWF said Monday, warning the species is facing a “crisis”. Hunters are increasingly targeting mothers and calves, using poisoned arrows to inflict a slow and agonising death before stripping them of […]

Qatari firm vows affordable Myanmar mobile access

Qatari telecoms giant Ooredoo on Friday pledged to introduce “affordable” phone services to Myanmar next year as it pumps US$15 billion into one of the world’s few remaining frontier mobile markets. The firm, which in June along with Norway’s Telenor won bids to provide mobile coverage to a nation where less than 10 percent of […]