Energy Advisor Woos Investors, But Hints at “Dark Forces”

U Soe Myint, a national energy sector advisor to the Asian Development Bank and former director general of Ministry of Energy’s Energy Planning Department, told a business seminar that more foreign investment is needed in the oil and gas sector, but they should be aware of uncertainty. He said that in addition to oil exploration, […]

Foreigners flock to jade emporium

The 13-day emporium that opened on June 17 is expected to draw around 5000 local and foreign visitors who will bid for the raw jade, gems, jewellery and sculptures up for sale. Traders carefully examined raw slabs of jade with torches and measuring tapes at a sprawling complex in the formerly junta-ruled nation’s capital. “We […]

Gem merchants converge in Myanmar

NAYPYIDAW (MYANMAR) – Hundreds of merchants from China to Malaysia flocked to Naypyidaw on Friday to inspect jade and other precious stones at an annual auction that offered a glimpse into the country’s notoriously murky but lucrative gems industry. A merchant inspects jade during the 52nd Myanmar Jade and Gem Emporium at the Maniyadana Emporium […]