The government’s need to secure new supplies of natural gas and a desire to send a positive signal to investors has likely helped a consortium including Total, Woodside and MPRL negotiate favourable fiscal terms to develop the A-6 block.
KBZ Bank is suing the owner of Myanmar Industrial Port over alleged unpaid debts of more than US$200 million, in a case that is symptomatic of the problems facing the country’s leading banks as they seek to resolve legacy non-performing loans.
Months after Emerald Brewery began producing Chang in Yangon, large quantities of the Thai beer are still being smuggled openly across the border at Myawaddy in a racket dominated by the Kayin Border Guard Force.
Ahead of the vote, it’s still ‘Myanmar vs the world’
Daw Aung San Suu Kyi’s election address through state media doesn’t just present Myanmar and its government, perversely, as the real victims of the Rohingya crisis, it also contradicts what she is trying to tell the rest of the world.