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. […]
Read more »Via the Asia Times, an article on Telenor’s agreement to sell leading digital pay platform to local-led consortium as foreign investors stampede for the exits: The Telenor Group has agreed to sell its majority share in digital financial service provider Wave Money to a consortium led by Myanmar tycoon Serge Pun’s Yoma Strategic, the latest […]
Read more »Via The Diplomat, sobering news of foreign investment in Myanmar: As it faces increasingly violent challenges to its five-month-long rule, Myanmar’s military junta has told foreign executives of major telecommunications firms that they can’t leave the country without permission, Reuters reported today. Citing a person familiar with the matter, the news agency reported that Myanmar’s Department of Posts […]
Read more »Via The Diplomat, commentary on Myanmar ‘s control over the supply of critical metals for clean energy products: Kachin State in northern Myanmar has a long history of armed groups using illicit gold, copper, or iron deposits to fund insurgent activities. Lately, reports have been trickling in about a free-for-all scramble for the control of another group of […]
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