Asia Top News and Analysis Myanmar

  • *To invest in Myanmar oil, LPG terminal. KUALA LUMPUR, June 24- Thailand's largest energy firm PTT Pcl has stepped up investments in the retail and industrial power sectors as a buffer against the impact of a global economic slowdown on its oil refining and chemical businesses, its CEO said on Monday. Asia's oil and petrochemical producers are facing thin profit...

  • BANGKOK, June 23- Southeast Asian leaders agreed on Sunday to work together on regional economy and security to strengthen their position amid growing U.S.- China tensions, as they wrapped up their summit in Bangkok. Prayuth urged ASEAN nations to complete negotiations this year for the China-initiated Regional Comprehensive Economic Partnership pact...

  • HANOI, June 10- Vingroup JSC, Vietnam's biggest listed firm by market value, said on Monday it has started work on a second smartphone factory with a capacity to produce 125 million units a year. Construction is expected to be completed by early 2020 and the jump in capacity will help the company meet orders from Europe and the United States, Vingroup CEO Nguyen Viet...

  • *SMFG completed merger with Indonesia's BTPN in February. TOKYO, June 7- Sumitomo Mitsui Financial Group aims to expand its business in Asia and is looking at the Philippines, India and Myanmar for possible future investment, the CEO of Japan's second-largest bank by assets said. Among Japanese banks, SMFG has led the foray into Asian markets, spending about 150...

  • *China state media reported materials may be used in trade war. BEIJING, June 6- Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponise its supply-dominance of the prized minerals in its trade war with Washington. China supplied 80% of the rare earths imported by the...

  • HPAKANT, Myanmar/ YANGON, May 17- When Brang Aung left home in early April, his wife pleaded for him to stay for their newborn son's naming ceremony, just a few weeks later. Brang Aung had worked in Hpakant, northern Myanmar's notoriously dangerous mining district, for eight years, but still told his family- Christians from the Kachin ethnic minority- to pray for his...

  • YANGON, May 15- A U.N. official has urged Myanmar to grant aid workers "predictable, sustained access" to Rakhine state, where fighting between government troops and rebels has displaced nearly 33,000 people since late last year, saying lack of aid has cost lives. Ursula Mueller, a U.N. assistant secretary-general for humanitarian affairs, said authorities had...

  • Detained Reuters journalist Kyaw Soe Oo and Wa Lone are escorted by police as they leave after a court hearing in Yangon, Myanmar, August 20, 2018.

    Wa Lone and Kyaw Soe Oo were arrested on the evening of Dec. 12, 2017, at the time when they were working on an investigation into the massacre of 10 Rohingya Muslim men and boys in the conflict-torn Rakhine State.

  • BEIJING, April 27- China sought to put a gentler face on its massive plan to recreate the old Silk Road at a summit that ended on Saturday, saying it must do more to explain the programme and boost sustainability even as state media hit back at critics. China has at times reacted angrily to such doubts, tending to characterise critics as harbouring anti-Chinese...

  • BEIJING, April 27- China sought to put a gentler face on its massive plan to recreate the old Silk Road at a summit that ended on Saturday, saying it must do more to explain the program and boost sustainability even as state media hit back at critics. China has at times reacted angrily to such doubts, tending to characterize critics as harboring anti-Chinese...

  • YANGON, April 21- Myanmar's Supreme Court will rule on Tuesday on an appeal of two Reuters journalists imprisoned for breaking a colonial-era official secrets law, in a case that has raised questions about the country's transition to democracy. The Supreme Court, the highest court in Myanmar, listed the journalists' case on its website and Facebook page on...

  • Crime scene officials inspect the site of a bomb blast inside a church in Negombo

    Sri Lankan authorities blocked most social media after Easter Sunday attacks killed more than 200 people, with officials saying the temporary move was meant to curtail the spread of false information and ease tensions.

  • YANGON, April 21- Myanmar's Supreme Court will rule on Tuesday on an appeal of two Reuters journalists imprisoned for breaking a colonial-era official secrets law, in a case that has raised questions about the country's transition to democracy. The Supreme Court, the highest court in Myanmar, listed the journalists' case on its website and Facebook page on...

  • BOSTON/ HOUSTON, April 11- Chevron Corp will put a focus on human rights in Myanmar under an agreement with an investor group that had urged it to pay more attention to violence in the Asian nation where the U.S. oil company has operations. Joshua Brockwell, investment communications director at Virginia- based Azzad, which describes itself as "a faith-based...

  • BRUSSELS, April 11- Cambodia has filed a challenge at the European Court of Justice against the European Union's decision to impose import duties on Cambodian rice. The bloc imposed tariffs for three years in January on rice from Cambodia and Myanmar to curb what it said was a surge in imports as a safeguard to protect EU producers such as Italy.

  • WASHINGTON, April 9- Standard Chartered Plc has agreed to pay $1.1 billion to U.S. and British authorities for conducting illegal financial transactions that violated sanctions against Iran and other countries, government authorities announced on Tuesday. A former Standard Chartered banker in Dubai in the United Arab Emirates pleaded guilty in a New York...

  • April 8- London- based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran- controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter. Standard Chartered has been operating under...

  • ISLAMABAD/ NEW DELHI, April 2- Pakistani social media campaigner Hanzala Tayyab leads about 300 ultra-nationalist cyber warriors fighting an internet war with arch-foe India, in a battle that is increasingly sucking in global tech giants such as Twitter and Facebook. That ranges from highlighting alleged Indian human rights abuses to lionizing insurgents...

  • Sustainable businesses are 'absolutely necessary': YPO

    Pascal Gerken, chairman of YPO and CEO of Gerken Group, says businesses are moving in the direction of being sustainable and environmentally friendly. He also talks Myanmar and the need for impact investments in the country.

  • LONDON, March 7- The electric vehicle revolution has galvanized battery metals such as lithium, cobalt and nickel- and now the tiny tin market is becoming aware that it, too, might be a beneficiary. The International Tin Association has just released a report on the use of tin in lithium-ion batteries. The London tin market has just gone one through one of its...