On Tuesday, in a significant development, Britain is set to agree to a firm decisive stand from its G7 partners to protect democracies against global threats stemming from China and Russia. Hosting the event, Britain is likely to lay the… Read More ›
Myanmar
POSCO weighing options to exit Myanmar military controlled joint venture
In a significant development, South Korean steelmaker POSCO has begun reviewing how it might terminate its joint venture with a company controlled by the military in Myanmar, in the wake of the military coup there in February, said two sources… Read More ›
Taiwanese firms in Myanmar fly Taiwanese flag to distinguish from Chinese financed companies facing brunt of public anger
Rising public anger in Myanmar against China, which is viewed as being supportive of the military junta has led Taiwan’s de facto embassy in Myanmar advised its companies that operate in the country to fly its flag so that they… Read More ›
Myanmar coup likely to dampen investment interest: trade experts
According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›
Iranian Revolutionary Guards Corps seizes South Korean flagged tanker
According to a report from the Iranian media, Iran’s Revolutionary Guards Corps has seized a South Korean-flagged tanker in Gulf waters and has detained its crew. The development comes in the wake of South Korean banks freezing Iranian funds following… Read More ›
Australia’s ioneer Ltd wins two boric acid supply contracts for flagship U.S. project
On Thursday, Australia’s ioneer Ltd stated, it has won two contracts for the distribution and sales of boric acid from its flagship Nevada-based U.S. project. The contracts with Kintamani Resources and Bangladesh-based Boron Bazar, will each be valid for three… Read More ›
PetroChina declares force majeure on imports
According to four industry sources, PetroChina has declared force majeure on natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, following the coronavirus outbreak. PetroChina issued the force majeure notice to suppliers of… Read More ›
Myanmar scales back Kyauk Pyu deepwater port fearing debt trap
Myanmar seems to have learned the lessons of China-back projects in Sri Lanka and Pakistan. Avoids walking into a debt trap. According to a top government official from Myanmar, the government is scaling back plans for a port project funded… Read More ›