The residents of flood-prone Kyaukphyu Township in southwestern Arakan State are still struggling to resume agricultural production seven years after their lands were devastated by Cyclone Giri in 2010.
We do requests donations from local businesses, but never using force or threats,” the KIO responded.
Agricultural Bank of China (AgBank), the country’s third-biggest lender, said it will spend three years building an anti-money laundering (AML) centre to improve and centralise AML control.
Burma’s government praised China on Wednesday for suspending a Chinese bank account used by ethnic rebels fighting Burmese troops, in a move to prevent potential damage to diplomatic ties.
One of China’s biggest state-owned lenders has suspended an account used to fund ethnic rebels fighting government troops in Burma, halting an arrangement that could have stoked diplomatic tensions between Beijing and Naypyidaw.
Burma is the centre of attention for Woodside Energy following the Australian company’s discovery of gas off the coast of Arakan State last year. It is now preparing to invest around 25-30 percent of its exploration budget in Southeast Asia to help realise the potential of the region. Headquartered in Perth, Woodside has a global …