Days after Aung San Suu Kyi made a high-profile trip to China as foreign minister of Myanmar, Indian External Affairs Minister Sushma Swaraj visited Mynamar in the first high-level visit from India after the civilian government assumed office in Naypyitaw. Myanmar’s President Htin Kyaw is on a four day visit to India as well this […]
China says still trying to resolve stalled Myanmar dam scheme
China is pursuing efforts to resolve the problem of a stalled dam project in Myanmar, its foreign minister said on Tuesday, adding that Beijing had confidence in the incoming government of democracy leader Aung San Suu Kyi’s party. BEIJING: China is pursuing efforts to resolve the problem of a stalled dam project in Myanmar, its […]
For businesses in Myanmar, the promise is unfulfilled
Six years ago, Jon North started collecting data on Myanmar. He bought maps, secured satellite imagery and started scouting. He has travelled the world kicking rocks, and liked what he saw in the Southeast Asian nation. A banana-shaped arc of young volcanic rock curves through the Southwest Pacific, and its gold deposits have fed rich […]
China resets ties with Myanmar with USD eight billion deals
Seeking to reset ties with Myanmar, China today signed USD eight billion trade deals with its southern neighbour after relations went through a turbulent period following the country’s gradual transition to democracy from years of Beijing-backed military rule. The two countries signed several trade agreements worth about USD 7.8 billion after talks between Chinese Premier […]
Myanmar sacks 2 more ministers
YANGON — Myanmar President Thein Sein effectively removed Tuesday the influential minister of information and the health minister by issuing orders that “allowed” them to resign, a move that came after his dismissal of another Cabinet member last month. While no specific reasons were given for the orders to let go of Information Minister Aung […]
ANZ faces Myanmar bank hurdles
THE ANZ Banking Group is bidding for a banking licence in Myanmar but faces major challenges in doing so. UP to 40 institutions are lining up to open offices in the country, even as the central bank is set to impose tough operational restrictions. Myanmar is undergoing major economic reforms and liberalisation in the process […]