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SINGAPORE: A prominent Singapore businessman has said he will exit his investment in a tobacco firm linked to the Myanmar military, after the army deposed the country's democratically elected government in a coup last week.
KUALA LUMPUR: Ahead of the official visit of Chinese President Xi Jinping to Myanmar on Jan 17 and Jan18, there was a resurgence of warnings by analysts on the risk of debt trap that could be created by mega projects under China’s Belt and Road Initiative (BRI) for developing countries.
BANGKOK: Meetings hosted by the 10-member Association of Southeast Asian Nations resumed Sunday with doubts emerging on whether the weekend would see a breakthrough in talks on the world’s largest regional trade pact.
YANGON, Myanmar: In April, Facebook founder Mark Zuckerberg told U.S. senators that the social media site was hiring dozens more Burmese speakers to review hate speech posted in Myanmar. The situation was dire.
NAYPYITAW: Myanmar has scaled back plans for a Chinese-backed port on its western coast, sharply reducing the cost of the project after concerns it could leave the Southeast Asian nation heavily indebted, a top government official and an advisor told Reuters.
YANGON: China has agreed take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing's growing economic clout in the country, a senior government official said.
BEIJING: A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the South-East Asian nation, two senior Chinese industry sources said.
YANGON: Myanmar’s stock exchange began trading on Friday with a single listed company some three months after it opened in the country’s commercial capital Yangon.