The NLD’s push for constitutional change is likely to result in a vote in parliament in the coming weeks or months. It will almost certainly end in defeat, but could give the party a helpful election boost.
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.
The National League for Democracy government has failed to win the trust of ethnic armed groups and has also damaged its relationships with ethnic political parties, raising questions about its commitment to building a democratic federal union.
President Xi Jinping’s visit underscores that his country has regained its dominant position in Myanmar after setbacks under the U Thein Sein government, but China will need to be careful how it exerts its influence in the years ahead.