News
World Bank offers funds for Myanmar's national power plan
The World Bank approved an interest-free loan to Myanmar of US$400 million on 16 September to aid the country’s ambitious National Electrification Plan and its goal of ensuring nationwide access to electricity by 2030. In a statement issued on Wednesday, the Bank said the loan would assist expansion ...
With official help, radical Buddhists target Muslim businesses
Myanmar’s Muslim minority make up about 5 percent of the country’s predominantly Buddhist population and Muslims living in the delta rely heavily on the slaughterhouse business and the beef trade. Now Muslim businesses have become the target of anti-Islamic sentiment propagated by radical Buddhists who have found ...
Capital’s port on course for IPO
Cambodia Securities Exchange (CSX) will hold a meeting next week to review the submitted financial statements of Phnom Penh Autonomous Port, Cambodia’s second-largest port, and to consider its eligibility to list and trade its securities on the stock exchange, a CSX official said on 16 ...
Koreans, Kok An face off in land dispute
A tense stand-off between staff from a South Korean development firm and representatives of tycoon and ruling party Senator Kok An took place in northern Phnom Penh on 16 September, over what the Korean company says is an attempted land grab. More than 20 Korean and ...
Myanmar keeps ‘cordial’ relations with North Korea
A foreign ministry delegation is visiting North Korea this week to further diplomatic relations, although a senior official noted that arms deals were excluded under UN sanctions. U Kyaw Zeya, deputy director general of the foreign ministry, told The Myanmar Times that a delegation led by ...
Striking bus drivers back behind the wheel – for now
Most striking bus drivers returned to work on 16 September following two days of wildcat strikes that saw hundreds walk off the job in response to an increase in traffic fines. The drivers were cajoled back onto their buses by owners, but many said they would launch ...
Pattaya reels as Vamco leaves a path of destruction
Vamco, one of the most disastrous storms in the last five years, has battered the city, brought traffic to a standstill and flooded countless homes and businesses. Tropical Storm Vamco formed in the South China Sea on 13 September 2015 and went ashore to Vietnam, before ...
Ohanaeze Mekong Thailand moves to unite Ndigbo in Asia
Ohanaeze Ndigbo (one of the largest ethnic groups in Nigeria) living in the Mekong River area of South East Asia, comprising Thailand, Cambodia, Vietnam, Hong Kong and China recently converged on Bangkok, Thailand where they deliberated on issues of common interest and how they would ...
Lao, Thai to improve border anti-drug efforts
Officials from Laos and Thailand have agreed to step up cooperative efforts investigating and controlling drugs along their shared border. The officials met on 16 September in Vientiane to also discuss their previous joint work on the anti-drug problems of both nations. Chairman of the Lao National Commission ...
Mega First shares jump 9.22% on news of Laos power plant
Shares in Mega First Corp Bhd soared 19 sen or 9.22% to as high as RM2.25 on 17 September on news that it has secured a power plant project in Laos worth RM2.15 billion. At 2.53pm, Mega First narrowed its gains to trade at RM2.22, still up 16 ...
