Myanmar Insists no North Korea Links as U.S. Envoy Visits

Myanmar has no military ties with North Korea, a Myanmar official said on Monday, as a U.S. diplomat responsible for North Korea arrived for talks in which he was likely to seek assurances on efforts to isolate it.Ambassador Joseph Yun met Myanmar’s State Counsellor Aung San Suu Kyi and the military’s commander in chief in […]

Garment manufacturing: How to navigate Myanmar’s ethical maze

As it undergoes profound and rapid change, Myanmar is today emerging as one of Asia’s most sought-after hubs for fashion sourcing. The country’s opening-up to the global economy has come after decades of military rule, during which a long period of isolation and internal conflict was followed by an era of gradual disengagement from politics […]

Thai Junta Suspends New Labour Law, Extends Deadline After Exodus

BANGKOK/MAHACHAI, Thailand July 4 (Reuters) – Thailand’s junta delayed on Tuesday parts of a new labour law aimed at regulating the foreign workforce after the decree sparked panic and prompted more than 60,000 foreign workers to flee from the country. The military government, which has ruled since a 2014 coup, has invoked Article 44, a […]

Thailand Clears $133 MLN Loan for Long-Delayed Dawei Economic Zone

loan to kick-start long-delayed development of Myanmar’s Dawei Special Economic Zone, Thailand’s transport minister said on Friday. The two countries signed an agreement in 2008 to build the zone in Myanmar’s southeast. But the multi-billion dollar project has been mired in difficulties, including widespread local opposition and problems mobilizing funding for its construction. Thai Transport Minister Arkhom […]

Unilever forms Myanmar JV for home and personal care products

May 4 (Reuters) – Consumer goods maker Unilever signed a joint venture deal with Myanmar’s Europe and Asia Commercial Co Ltd (EAC), combining their home and personal care businesses to accelerate sales in a newly emerging market. The joint entity, with annual sales of more than 100 million euros ($109 million), will provide both companies […]

Oil Pipeline Through Myanmar Highlights China’s Growing Import Dependence

Oil began flowing into a crucial pipeline in Myanmar this week, after years of delay. The pipeline, along with a twin natural gas line running along the same route, is an essential element of China’s strategy to diversify its sources of oil supply. When the pipeline reaches maximum capacity, it could account for as much […]

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 […]