Business
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Junta-owned MEC takes over gold mine formerly run by imprisoned tycoon
The regime-operated conglomerate took full control of the 6,000-acre gold-mining project area, ordering all previously hired personnel and affiliate companies to leave by the end of February
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19 military officers selected for management roles at Myanmar’s largest commercial public bank
The military council gave five majors and 14 captains jobs in the main office of the Myanma Economic Bank in March of this year
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Russia moves crude to Chinese refineries via Myanmar pipeline
Since an EU embargo went into effect in December, Russia has sought markets for its petroleum exports elsewhere, including in Asia
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EU’s new project to support Myanmar’s garment industry faces backlash
Labour activists and organisers decried what they saw as implicit recognition of the military council and profit-seeking without regard for the interests of exploited workers
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State-owned bank in Naypyitaw threatens lawsuits for overdue loans
The borrowers say they were unable to keep up with payments due to the impact of the Covid-19 pandemic and 2021 coup on their businesses
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