China-Myanmar crude pipeline opens

BEIJING (AFP) – A pipeline pumping oil from Myanmar to China started a trial operation on Wednesday, Chinese state media reported, Beijing’s latest step to diversify energy imports into the world’s second-largest economy. The 771 kilometre (478 mile) pipeline will connect the world’s top crude buyer with a deep-water port in western Myanmar, reducing China’s […]

Philippines minning giant Philex to explore Myanmar

Yangon—Myanmar’s business leaders have welcomed the planned entry of the Philippines’ biggest mining firm in its extractive sector, but raised concerns on the need for environmental safeguards to ensure responsible industry development. Federation of Chambers of Commerce and Industry of Myanmar vice president Maung Maung Lay said fresh investments from Philippine firms would be a […]