China to Take 70 Percent Stake in Strategic Port in Myanmar – Official

By Yimou Lee and Thu Thu Aung YANGON, Oct 17 (Reuters) - China has agreed take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing's growing economic clout in the country, a senior government official said. Oo Maung, vice chairman of a government-led committee overseeing the project, … [Read more...]

China seeks up to 85 percent stake in strategic port in Myanmar

By Yimou Lee and Shwe Yee Saw Myint, May 5 (Reuters) - China is looking to take a stake of up to 85 percent in a strategically important sea port in Myanmar, according to documents reviewed by Reuters, in a move that could heighten tensions over China's growing economic clout in the country. Beijing has been pushing for preferential access to the deep sea port of Kyauk Pyu … [Read more...]

Free-divers Search for 270-Ton Bell Resting Under 25 Feet of Mud

In 1608, a Portuguese warlord named Filipe de Brito e Nicote was causing trouble near Myanmar and attempted to steal the Great Bell of Dhammazedi from the Golden Pagoda in what is now, Yangon. This was no ordinary bell however.  According to researchers, the bell weighed approximately 270-tons and is said to be the largest ever cast. de Brito was successful in getting it … [Read more...]

Miracle In Myanmar: Can Offshore Energy Bring A Miracle?

(Bloomberg) Myanmar’s opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to emulate Vietnam. How those views pan out will be largely decided by natural gas. Exxon Mobil Corp. (XOM), Woodside Petroleum Ltd. (WPL) and Oil India Ltd. (OINL) are among 59 global energy companies lining up for a share of … [Read more...]