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Us businesses eye expanded Myanmar investment

As Myanmar’s government is making efforts to revive the economy through foreign investment, US companies say they are keen to expand their involvement, according to a leading trade body. The US-Asean Business Council in Yangon met on Monday and included representatives of 12 US companies and the Union of Myanmar Federation of Chambers of Commerce […]

Taking a Quantum Leap to Revamp Myanmar’s Economy

YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]

Myanmar Military-Backed Firm Rejects Minister’s Account of Power Meter Bidding Problems

Military-run Myanmar Economics Holding Public Company Limited (MEHPCL) on Friday said that a deputy minister’s comments in Parliament regarding problems with the procurement process for electricity meters over the past three years were unfair and had harmed the company’s reputation. In a statement, MEHPCL said Union Deputy Electricity and Energy Minister U Tun Naing’s comments […]

Arrest warrant issued for Myanmar firebrand monk Wirathu

YANGON: Myanmar police issued an arrest warrant on Tuesday (May 28) for an ultra-nationalist monk known as the “Buddhist Bin Laden” for his vitriol against Islam and particularly the Rohingya Muslim community. Wirathu has long been the face of the country’s Buddhist nationalist movement, notorious for espousing hate against the Rohingya minority. A warrant was […]

Exclusive: Chevron, investor reach deal on Myanmar shareholder resolution

Chevron Corp will put a focus on human rights in Myanmar under an agreement with an investor group that had urged it to pay more attention to violence in the Asian nation where the U.S. oil company has operations. Chevron will undertake steps including social investment reviews in Myanmar’s Rakhine State, donate to humanitarian organizations […]

Selling Rakhine to the World

In the wake of the 2017 Rohingya crisis and ongoing fighting between the military and Arakan Army, the Myanmar government is desperate to attract investors to Rakhine State in hopes that they will help reverse the fortunes of one of the country’s poorest regions. To that end, it invited more than 600 of them to […]

‘Overreacting to failure’: Facebook’s new Myanmar strategy baffles local activists

Facebook banned four ethnic armed Myanmar-based groups from its site this week, in its latest effort to reckon with its role in the violence in that nation. But the tech giant’s decision is drawing criticism from local civil society and human rights groups who warn that the move appears ill-considered and inconsistent with international law. […]

Myanmar’s stalled China-backed Myitsone dam project strained bilateral ties for years — now it could be scaled back or moved

A top Myanmar investment official on Tuesday suggested scaling back or relocating a stalled Chinese-backed hydropower project that has strained ties between the neighbours for nearly a decade. The suggestion follows a statement by the Chinese Embassy in Myanmar earlier this month that said civil society organisations in Kachin state supported the planned project. Hundreds […]

Facebook takes down more Myanmar accounts over military links

Facebook Inc (FB.O) has removed hundreds of additional accounts, pages and groups in Myanmar from its social networks after discovering what it called “coordinated inauthentic behaviour” and links to the country’s military. The social media giant had previously removed accounts, including that of Myanmar’s army chief, after criticism it had failed to act on hate […]

Why Myanmar matters so much for India

President Ram Nath Kovind will be on a four-day state visit to Myanmar starting on December 10. This will be the fifth high-level visit between the two countries in the last four years. Prime Minister Narendra Modi’s visit last year was the third by an Indian prime minister in five years and his second in […]