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Yangon jute factory fires over 300 workers, claims losses

The management of a former state-owned jute factory in Yangon on Wednesday sacked over 300 workers who have been employed for over 30 years, saying they are facing losses and will shut down the facility. “Factory officials told us they have to close the factory and dismiss us because they have been suffering losses,” said […]

Protests and demonstrations a key concern for extractive companies

Protests and demonstrations pose a serious security threat to the oil and gas industry as well as mining sector in Myanmar, a recent poll among industry players showed. Yangon-based Myanmar Centre for Responsible Business (MCRB) organised workshops aiming to raise awareness of the relevance of Voluntary Principles on Security and Human Rights (VPSHR) for Myanmar’s […]

After Myanmar protests, China says companies should respect laws

China has consistently demanded its companies operating abroad respect local laws, China’s Foreign Ministry said on Monday after hundreds of villagers in Myanmar protested against the resumption of operations at a Chinese-backed copper mine. The protests have gathered momentum since last Wednesday when some people broke through police barriers protecting the mine, operated by Myanmar […]

Myanmar Oil Terminal Faces Fallout From Yunnan Protests

The Chinese oil port at Kyaukphyu on the coast of Burma’s Arakan State, and the cross-country pipeline to pump oil into China’s landlocked Yunnan Province, face a major problem which could delay or slow down their operations. Almost 50 percent of the 22 million ton a year of crude oil from the Middle East and […]