The European Union is considering imposing sanctions which may debilitate the fragile Myanmar economy.
Category: Myanmar
Poor and isolated, Myanmar backs into a China debt trap
Myanmar’s parliament hopes China will accept repayment of its debts in rice, but payback will more likely come through deep-reaching economic concessions
Massive township development set to proceed
The massive New Mandalay Resort City (NMRC) integrated township project is set to move forward on a 4000 hectare site off the Mandalay-Lashio highway in Mandalay Region’s Pyin Oo Lwin district.
Myanmar Mulls Options to Keep Suspended Chinese Dam Project Alive
Myanmar’s government is working to find a solution on how to proceed with the controversial Chinese-backed Myitsone Dam project in Kachin state, suspended in 2011 amid heavy public opposition.
Myanmar puts Beijing-backed hydropower dam into limbo
Myanmar’s government said on Tuesday it had no plans to resume work on a Chinese-backed hydropower dam, currently halted, despite intensifying pressure to do so from Beijing.
Myitstone dam, a ‘death sentence’ for Myanmar
The Archbishop of Yangon condemns the possible resumption of the controversial Chinese project–attacks “the greed of a superpower”.
Suu Kyi urges global investors to put their money into Myanmar
Until now, investors have complained the government has focused largely on ending the country’s myriad armed conflicts, neglecting economic reforms and their needs. Suu Kyi did not mention in her speech the Rohingya crisis.
Industry wants mine permits to be renewed under new gemstone policy
Law may do little to reform the notoriously corrupt, conflict-tainted, multi-billion dollar jade sector while allowing companies involved in illegal activities and human rights and environmental harm to access the valuable mineral.
CPI attempts to bribe MP to keep silent about Myitsone dam project
“My desire is similar to the statement issued by three Kachin parties. I have a sense of oneness with the people. We want the total shutdown of dam project.”