Tuesday, May 22, 2012

KIA attack blamed for loss of electricity in Rangoon


21-May-12
A decrease in electrical power in Rangoon on Saturday was caused 
by an explosion at four electrical towers on the national power grid. 
The government said the Kachin Independence Army (KIA) 
was responsible for the attack.

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Electricity Cuts Spark Rare Protest


2012-05-21
In northern Burma’s Mandalay, as many as 1,000 gather for a 
candlelit demonstration.In Burma’s largest protest in years, 
as many as 1,000 people staged a candlelit demonstration 
over severe electricity shortages in northern Burma’s Mandalay 
on Monday, amid power cuts the government has blamed on 
fighting in the Kachin border region.

Monday, May 21, 2012

Myanmar investment reality check


21-May-12

In the lobbies and bars of Rangoon’s high scale hotels, the shady 

pasts of Burma’s business elite do not seem to deter the hordes of 

Western businessmen there to seek their fortune in the 

resource-rich country.

 

Myanmar economy set to boom


20-May-12
Yangon : Myanmar's economy looks set for rapid expansion 
although concerns over inflation, infrastructure and political 
stability remain, according to an international report.

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Myanmar workers embrace new power to strike


21-May-12

Workers in the country formerly known as Burma are already 

testing their new-found power with a string of walkouts, 

by legislation that is considered among the most progressive 

in the region

 

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Saturday, May 19, 2012

US firms eye Myanmar as sanctions suspended


18-May-12
The suspension of US sanctions barring investment in Myanmar in 
response to political reforms in the poor southeast Asian state gives 
a green light to US firms queuing to scout for business in one of 
the last frontier markets.