Hungry for cash and unable to collect tax in resistance strongholds in Sagaing, the regime has taken the unusual step of revoking sought-after liquor licences in the region and transferring them to compliant businesses in Yangon.
Despite struggling to keep the lights on, the military regime has unveiled plans to electrify the nation’s transport system, with many of the initial import permits going to companies close to the generals.
A Chinese state-owned company and the military regime are quietly pushing forward with a railway line that would run through active conflict zones, after lengthy delays due to Myanmar’s wariness, COVID-19 and then the coup.
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.
The Kayin State Border Guard Force has come under intense pressure from the Tatmadaw over its extensive, controversial business interests and there’s concern the ultimatum could trigger fresh hostilities in one of the country’s most war-torn areas.