Over $231m paid so far for Chinese oil and gas loans

Myanmar loaned over US$1.6 billion from China for three oil and gas projects and has paid back over US$231 million plus interest of over US$418 million, according to a press conference on the report of EITI (Extractive Industries Transparency Initiative) for 2014-2015 fiscal year and 2015-2016 FY. The press conference was held at Sule Shangri […]

Big Holes Still Exist in Financial Reports of Extractive Companies

YANGON – Myanmar’s state-owned enterprises (SOEs) involved in the extractive industries still lack transparency and need to reform to meet international standards, according to the Multi Stakeholder Group (MSG) tasked with implementation of the Extractive Industries Transparency Initiative (EITI), on Thursday. Myanmar became a global EITI candidate in July 2014 but it has yet to […]