Via The Economist, an article on how an economically illiterate junta is running Myanmar into the ground: Queues snake away from open-backed trucks that sell cooking oil on the streets of Yangon. Since July people in Myanmar’s commercial capital have stood for hours in the tropical heat and rain to buy discounted oil from wholesalers. […]
Read more »Via FrontierMyanmar, a report that three Chinese firms appealed to Myanmar’s Nay Pyi Taw to arrange liquified natural gas imports from Russia amid economic turmoil in Myanmar: A leaked document from the junta’s Ministry of Electric Power reveals that three Chinese energy companies appealed to the junta for help importing liquified natural gas from the Russian […]
Read more »Courtesy of The Financial Times, an article on Ooredoo’s decision to exit Myanmar, following Norway’s Telenor: Qatari telecommunications group Ooredoo has agreed to sell its Myanmar business to a Singapore-registered company in a deal that would see the company exit the troubled south-east Asian nation. Ooredoo Asian Investments, which owns Ooredoo Myanmar and Ooredoo Myanmar Fintech, […]
Read more »Via Nikkei Asia, a look at Thailand’s, Vietnam’s, and Myanmar’s efforts to deepen their ties to Russia to combat their economic woes: From wooing more Russian tourists to boosting trade, Southeast Asian nations are bolstering economic ties with Russia in hopes of curbing inflation and spurring their recovery from the COVID-19 pandemic. The U.S. and European […]
Read more »Via The Diplomat, a report on the China-Myanmar Economic Corridor ‘Plus’ Initiative: Just over a month after China’s Foreign Minister Wang Yi visited Myanmar and announced that a China-Myanmar Economic Corridor (CMEC) Plus initiative would be explored at a proper time, there have unsurprisingly been no further details released by Chinese officials or Myanmar’s military-led State Administration Council (SAC) […]
Read more »Via The Diplomat, a report on how Qatari telecoms firm Ooredoo is negotiating its exit from Myanmar: Reuters reported yesterday that the Qatari telecommunications firm Ooredoo is in talks to sell its Myanmar unit, a move that would deprive the country of its last foreign telecoms operator after the departure of the Norwegian firm Telenor earlier this year. […]
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