Business / Trade


A mining company in Tenasserim Division is filing a defamation case against the author of an essay about a fish lamenting the destruction of a local creek.

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Following Thailand and Indonesia, leading multinational mobile wallet provider Cellum is now expanding its presence in Asia to Myanmar, the company said in a press release on 23 May.

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Nay Lin Soe, a protester who had been marching from Rangoon to the controversial Letpadaung copper mine in Sagaing Division, was arrested with a companion outside Mandalay on Monday.

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As Myanmar’s fledgling democratic government starts tackling the sticky issue of privatization, Aung San Suu Kyi will have to deal skillfully with expected resistance from the military and other vested interests to achieve this crucial step in revitalizing the country.

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Yangon-based Won Toll signed an agreement for a 300-megawatt solar power project with Kamrai Panit from Thailand on May 18, said officials.

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Woodside Petroleum says it has discovered 2.4 trillion cubic feet of gas off Myanmar as it booked an increase in its hydrocarbon resource and flagged a start-up of production in the South East Asian frontier country in five year’s time.

Addressing almost 100 analysts and investors at Woodside’s annual investor briefing day in Sydney, chief executive Peter Coleman also said the contentious Browse floating LNG project would be developed in phases, with the new project design to be completed in the second half of next year.

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India’s Act East Policy appeared to be getting into stride this week as Indian and Myanmar business people came together in Yangon for an India-Myanmar business conclave.

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During a press conference at the US Embassy today in Yangon, US Ambassador Mr Scot Marcel discussed the intentions behind Washington’s decision announced this week to ease US sanctions on Myanmar.

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Police charged 51 labor rights protestors on Thursday under four separate charges, including Article 505(b) of the Burmese Penal Code, which can carry a two-year sentence for disturbing the public order.

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A sudden resignation rocks the Yangon Stock Exchange, where investors who play stocks like gamblers are contributing to big price fluctuations.

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Standing among the party seeing off Burma‘s new president as he left for Russia on Wednesday was leading businessman Htun Myint Naing, better known as Steven Law.

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Looking to boost bilateral ties , India has offered to assist Myanmar in the area of public healthcare and to provide it with necessary support in boosting the country’s agricultural production.

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If the new government is to succeed in addressing runaway electricity demand, it needs to draw lessons from the failures of the last administration.

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Locals living on land designated for the Thilawa Special Economic Zone (SEZ) southeast of Rangoon are hoping a new government committee on land confiscation will help freeze the project’s implementation until lingering disputes over compensation are resolved.

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In wake of the extension of most of the US sanctions on Burma on Tuesday, several cronies have remained on the Specially Designated Nationals (SDN) list, despite the expectation that they would be removed.

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Negotiations to end a march on Burma’s capital by former employees of a wood-processing factory in Sagaing Division broke down on Wednesday, resulting in the arrest of protest leaders as the group approached the town of Tatkon in the Naypyidaw Union Territory.

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Myanmar and Indian business leaders will meet this week in an effort to bolster economic ties and hit an ambitious new target for bilateral trade.

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Two jade mining companies in Kachin State’s Hpakant Township have suspended operations after they were hit by arson attacks on Sunday night.

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Protestors from a plywood factory in the Sagaing Industrial Zone who are marching from Sagaing Division to Naypyidaw arrived on Tuesday to Tatkon Township, 40 miles north of the capital.

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In an interview with Mizzima, Ms Verity Lomax, CEO of the Australian-Myanmar Chamber of Commerce, discusses Australian company interest in Myanmar, responsible investment, and women in business.

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