China loan suspensions hurt Mandalay jade market

A recent change in policy by the Chinese government, to stop giving loans to jade merchants, has affected trade at the world-famous jade market in Mandalay frequented by Chinese jewellers and tourists. Sein Win, a jade merchant and chairman of the market’s Philanthropist Association, said the market has been quiet since the loan suspension was […]

Myanmar Rivers Network calls suspension of dam projects

Due to Myanmar’s environmental impact, Myanmar Rivers Network has called on China and Thailand to suspend the implementation of dam projects in Thanlwin River for power generating, according to the Network. Despite the potential environmental impact, the deputy minister for Electric Power in March announced that the ministry was going to build six dams along […]

Myanmar telecoms licence winners to be announced Thursday as planned

Thu Jun 27, 2013 10:16am IST YANGON (Reuters) – The winners of two new telecoms licences in Myanmar will be announced as planned on Thursday despite a vote in parliament to delay the process, the head of the body overseeing the bidding said. “We are ready to announce the final winners sometime today, according to […]