Kirin partnership takes heat (again)
The saga of Japanese beverage giant Kirin’s Myanmar Beer partnership continued this week with a scathing condemnation from Human Rights Watch. The highly influential global NGO called on Kirin to divest from Myanmar Brewery, the country’s
Indian gas firm ups investment
ONGC Videsh, India’s state-owned overseas-focused energy firm, will add USD 121 million to its already sizable investment in oil and gas blocks on the Rakhine State coast. The funding, which was recently approved by India’s Cabinet Commit
Sweeping investment policy review completed
The government has completed its second ever Investment Policy Review (IPR), a comprehensive audit policies and potential reforms for both local and foreign investment. The Ministry of Investment and Foreign Economic Relations (MIFER) worked with the
Landslide kills more than 100 jade miners
According to an article in the Associated Press, a landslide buried more than 100 jade minders in the Township of Hpakant, Kachin State, the center of an industry notorious for the death and suffering of its workers. On the morning of July 2nd, heavy
Yoma to buy majority share of Wave Money
Yoma Strategic Holdings will purchase a controlling share of Digital Payment Myanmar, operator of e-wallet platform Wave Money. Yoma will buy the stake currently held by Norwegian telecom Telenor for USD 76.5 million. After some financial reshuffling
