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Archive for April, 2012:

Analysis: Myanmar sanctions lifting a boon and a test for China firms

Published on Apr 29 2012 // Featured Analysis, News Update, Slide Show
(Reuters) – The lifting of decades of broad Western sanctions on Myanmar will prove to be both a boon and a test for China, for years the former Burma’s top investor and trading partner, bringing both risk and opportunity for long-established Chinese firms. The United States, European Union,...

President U Thein Sein visits TEPCO Kawasaki gas-fired power plant, J Power, Isogo thermal power plant, pays homage to Kamakura Buddha Image

Published on Apr 27 2012 // News Update
NAY PYI TAW, 26 April-President of the Republic of the Union of Myanmar U Thein Sein and party on 22 April morning visited Tokyo Electric Power Company (TEPCO) Kawasaki gas-fired power plant, and thermal power plant of J Power, Isogo. First, the President and party arrived at TEPCO Kawasaki natural gas-fired...

China says hopes US’ Myanmar moves not aimed at Beijing

Published on Apr 26 2012 // News Update
BEIJING, April 25 | Wed Apr 25, 2012 3:42am EDT (Reuters) – A senior Chinese diplomat said on Wednesday he hoped moves by the United States to re-engage with Myanmar were not aimed at Beijing, underscoring China’s concerns about influence in its strategically located neighbour and close economic...

Pilgrims at Kantkawtaw Pagoda Festival Troubled by Shwe Gas Project

Published on Apr 26 2012 // News Update, Related News, Slide Show
Pilgrims at Kantkawtaw Pagoda Festival Troubled by Shwe Gas Project
April 26, 2012, 8:41 am Kyauk Pru: Many local pilgrims gathered at the festival of Kantkawtaw Pagoda in Kyaukpru in Arakan State from 17 April this year, but faced trouble with taking rest around the pagoda because the grounds are reportedly being used for keeping pipes from the Shwe Gas Project. The...

Canada removes most sanctions on Burma

Published on Apr 26 2012 // News Update, Related News, Slide Show
Canada removes most sanctions on Burma
(Mizzima) – Canada has joined other western nations and the E.U. in lifting sanctions against Burma, saying the country has “changed course in a major way.” Foreign Affairs Minister John Baird said effectively immediately, “Prohibitions on imports, exports and investment have for the most part...

Burma’s gas export revenue increases

Published on Apr 26 2012 // Featured Analysis, News Update, Slide Show
Burma’s gas export revenue increases
Burma’s natural gas exports jumped to US$ 3.563 billion in fiscal year 2011-12.    A natural gas production rig in the Yetagun Field (Marinerthai) The total figure was up $640 million from $2.92 billion in 2009-10, local media reported on Tuesday. Natural gas from the Yetagun and Yadana gas blocks...

Chinese Plan to Extract Gold from Laymro River under Guise of Hydropower Project

Published on Apr 26 2012 // News Update, Related News, Slide Show
Chinese Plan to Extract Gold from Laymro River under Guise of Hydropower Project
Mrauk U: Chinese nationals are reportedly planning to extract gold from Peophru Island in the Laymro River in Mrauk-U Township in western Burma’s Arakan State, under the guise of constructing a hydropower project on the island.        Lay Mro River Local youth from the regional capital Sittwe,...

U.S. lifts ban on nonprofit activities in Burma

Published on Apr 26 2012 // Featured Analysis, News Update, Related News, Slide Show
U.S. lifts ban on nonprofit activities in Burma
Wednesday, 18 April 2012 12:38 Mizzima News The U.S. government on Tuesday eliminated restrictions on financial transactions in support of humanitarian, religious, and other not-for-profit activities in Burma, a move that will open the flood gates for humanitarian projects inside the poverty stricken...
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