Telenor Shifts Myanmar Focus to Data Services as ‘Hyper growth’ era ends

YANGON (Reuters) – Norwegian telecoms company Telenor will focus on improving data services in Myanmar, the head of the local business said on Wednesday, as an era of rapid subscriber growth following the opening up of the economy has ended. The liberalization of Myanmar’s telecoms sector has been a rare example of successful reform since […]

Exclusive: Production Slowing Fast at Myanmar Mine That Rattled Tin Market

Output from a mysterious Myanmar tin mine that has disrupted the global market in the metal is falling sharply and deposits could be depleted in “two to three years”, senior mine officials told Reuters. A surprise discovery of large quantities of tin has propelled the formerly isolated Southeast Asian country into the position of third […]

VTTI Looking to Invest in Oil Storage in Southeast Asia

SINGAPORE VTTI, the storage arm of the world’s largest independent oil trader Vitol [VITOLV.UL], is scouting for investment opportunities in Southeast Asia to cater to the region’s rising demand for tank space, the head of its Asia business unit said. The oil industry has absorbed at least 2 million cubic meters, about 12.6 million barrels, […]

Myanmar’s Strongest Ethnic Armed Group Says Drug Label ‘Not Fair’

PANGSAN, Myanmar: Myanmar’s most powerful ethnic armed group, accused by the United States of running a narco-empire that has flooded Asia with illegal drugs, has rejected the allegation, saying Washington has blacklisted its leaders for political reasons. The United Wa State Army (UWSA) boasts some 30,000 soldiers who control a secretive, China-dominated statelet the size of Belgium in the remote hills on Myanmar’s eastern border. After decades of […]

Myanmar moves to jump start coffee cultivation

Demand for coffee is booming in an increasingly caffeinated world, and although Myanmar is capable of producing international-quality product it has neglected the crop for years. But agricultural ministry officials are hoping to develop a coordinated strategy to ramp up production and connect cultivators with world markets. Myanmar has been growing coffee for years but in relatively […]

China-led AIIB approves $320 mln in loans to Pakistan, Myanmar power projects

The China-led Asian Infrastructure Investment Bank (AIIB) approved loans totalling $320 million to energy projects aiming to ease severe power shortages in Myanmar and Pakistan, the bank said on Thursday. A $300-million loan will fund expansion of a hydropower project in Pakistan, co-financed with the World Bank, and a loan of $20 million went to a power plant in Myanmar co-financed with other lenders, […]

Thailand cracks down on migrant workers as anti-immigration feelings rise

BANGKOK: Thailand is cracking down on migrant workers from neighbouring countries, saying they are “stealing jobs from Thais”, amid fears that anti-immigrant sentiment is rising as Southeast Asia’s second-largest economy stagnates. In an operation led by the Thai labour department, police and troops on Wednesday raided a fresh produce market in Bangkok and arrested 14 […]

Exclusive: Hungry for power, Myanmar bets on hydro in new energy plan

YANGON (Reuters) – Electricity-starved Myanmar is looking to overhaul its long-term power strategy, aiming to hike the planned share of hydropower in its energy mix at the cost of polluting coal as it tries to attract foreign investment. The new democratically-elected government of Aung San Suu Kyi has made job creation one of its top […]

Ahead of Suu Kyi visit, Obama weighs Myanmar sanctions relief

The United States is considering further easing or lifting sanctions against Myanmar around the time of a White House visit this month by the country’s new leader, Aung San Suu Kyi, U.S. officials told Reuters. President Barack Obama is expected to decide on the extent of the sanctions relief after consultations between Suu Kyi and […]

Tin mining – Cornish dreams and Myanmar reality: Andy Home

LONDON, Aug 22 (Reuters) – Hope springs eternal in Cornwall when it comes to reviving tin mining in this southwestern corner of the United Kingdom. Canada’s Strongbow Exploration is the latest to try to rekindle the dying embers of what once was one of the world’s largest tin-mining hubs. It has just bought out of […]