Weekly Business Roundup (November 7, 2009)
By WILLIAM BOOT
More foreign companies, including a French engineering specialist, have been hired to begin the multibillion dollar development of Burma’s Shwe offshore gas field.
China Oil Company Starts Work on Burmese Pipeline
By JOE MCDONALD / AP WRITER
State-owned China National Petroleum Corp has begun construction of a pipeline across neighboring Burma to speed delivery of Middle East oil shipped through the Indian Ocean. |
Adding Bounce to Asia’s Rebound
By SIMON ROUGHNEEN
To sustain their recovery from the global economic downturn, Asian economies will need to find ways to decrease their dependence on trade with the West. |
Drought, Typhoons Hurt Asia's Rice Production
By TERESA CEROJANO / AP WRITER
A drought in India and typhoons in the Philippines have damaged large tracts of rice paddies, threatening to upset the fragile food market amid fears of shortages and riots. |
Rice Tariffs Snarl Asean Single Market
By MARWAAN MACAN-MARKAR / IPS WRITER
Rice, the staple dish across Southeast Asia, has emerged as an apt symbol of the region’s commitment—or lack of it—to unveiling a free trade area for its 10 members when the New Year dawns. |
Weekly Business Roundup (October 24, 2009)
By WILLIAM BOOT
China is expected to provide more details this weekend of its aims for increased trade with the 10 countries of the Association of Southeast Asian Nations (Asean). |
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Weekly Business Roundup (October 3, 2009) |
| By WILLIAM BOOT |
| A European pension fund with investment assets of over US $6 billion has blacklisted the South Korean industrial conglomerate Daewoo International because of its activities in Burma. |
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Regime Pressures Traders Not to Increase Prices |
| By THE IRRAWADDY |
| Burmese traders are under increasing pressure from the military government to keep their prices stable following Friday’s introduction of the 5,000 kyat (US $5) banknote. |
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Regional Rice Plan Faces Uncertainties |
| By WILLIAM BOOT |
| Efforts by five Southeast Asian countries to form a rice cartel will likely be hampered by the group’s size and disparities among its members. |
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Weekly Business Roundup (September 26, 2009) |
| By WILLIAM BOOT |
| The change of US government policy to permit talks with the Burmese government while maintaining economic sanctions could be a “positive step forward,” says the human rights group that recently exposed how the regime siphons off billions of dollars from gas income. |
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New 5,000 Kyat Note Sparks Inflation Fears |
| By SAW YAN NAING |
| The Burmese regime is to issue a new 5,000 kyat currency note on October 1, raising fears of an increase in consumer prices as more paper money goes into circulation. |
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