Myanmar

Fuel Oil

Myanmar households maimed as currency topples to record low

A fast devaluation of Myanmar's. currency is pushing up the rates of basics, consisting of food. and medication, debilitating normal households in the Southeast. Asian country wrecked by civil war and a crumbling economy. The Myanmar kyat has been extremely unpredictable in. current days, plunging to a low of 7,500 to the dollar in the. black market last week from 5,000 earlier in the month,. according to 4 forex traders. The plunge followed. reports that the Myanmar junta was printing more kyat to prop up. the currency, two traders said. Individuals are anxiously buying (Thai) baht and selling. kyat, said...

Natural Gas Utilities

Chevron hands Myanmar gas field stake to junta, Thailand's PTTEP

U.S. energy company Chevron has actually stopped the Yadana natural gas field in Myanmar, a representative stated on Monday, more than 2 years after it condemned violence and human rights abuses there and announced it would leave. Rather than being sold, Chevron's 41.1% stake in the gas field was rearranged to the staying shareholders, Thailand's PTT Expedition and Production and state-owned Myanma Oil and Gas Business (MOGE). PTTEP, operator of the gas field, said on Friday its stake in Yadana had increased to 62.96%. The withdrawal offers effect to our objective to exit Myanmar in a controlled and orderly way,...

Environment

Fake news about the Myanmar earthquake: Making money from a disaster

Misinformation floods social media after disasters Viral posts bring in ad revenue for platforms and creators alike The 'Wild West" has very few safeguards to prevent fake news By Lin Taylor Be it viral images or fake rescue stories, these schemes take advantage of the increased fear and desire for news following any disaster or war. People should assume that there are a lot false reports out there. Darrell West is a senior technology research at Brookings Institution. According to the state media, the death toll in Myanmar's earthquake of March 28 has reached more than 3,600. Another 5,000 people...

Environment

Floods in Myanmar leave 19 dead, displace thousands

At least 19 people were eliminated in Myanmar after heavy rains triggered floods in and around the wartorn nation's capital city, with rescuers moving some of the 3,600 people displaced to much safer locations on boats, according to the nationwide fire service. Adverse weather brought on by Tropical cyclone Yagi, the greatest storm to strike Asia this year, has eliminated more than 230 individuals in Vietnam and Thailand, and flood waters from swollen rivers have flooded cities in both countries. Myanmar has actually remained in chaos since a military coup in February 2021 and violence has engulfed large parts of...

Mining

Concerns about the slow start of Myanmar's Wa state supply have led to a spike in tin prices.

The price of tin hit an all-time high on Wednesday, as traders feared that resuming supply from Myanmar's rich in tin Wa State may take longer than expected. Last week, the metal, which is mainly used in soldering electronics and semiconductors fell to its lowest level in a month. Traders bet that the supply would increase as the government allowed full-scale production in the region after a nearly two-year mining ban. A tin merchant said, "Wa remains in a state of uncertainty regarding the restart." Myanmar is the third largest tin producer in the world and a major supplier to...

Mining

ITA reports that Myanmar's Wa State held a meeting to discuss the issuance of mining permits.

The International Tin Association (ITA), a group of tin mining companies, announced on Thursday that a meeting was held in Myanmar's Wa State on Wednesday. The ITA reported that mine investors, leaders of the mining bureau, and representatives from the Manxiang area attended the meeting. This clarified the application process for mining, concentrator, and prospecting permits. The ITA has warned that government fees are likely to increase, and this could put pressure on low-altitude mining and small- to medium-sized concentrators. Wa State is responsible for 70% of Myanmar's exports. Myanmar is the third largest producer in the world and China...

Mining

China March rare Earth exports increase as Myanmar supply disruption makes buyers nervous

China's rare earth exports increased by 20.31% from March of last year as consumers from overseas booked more cargos in fear that prices would rise due to disruptions in supply from ongoing conflict in Myanmar, a major supplier. According to the General Administration of Customs, China exported 5,666.3 tons of minerals in the 17-mineral group last month. This compares to 4,710 tonnes in the same period in 2024 and 3,217 in February. Rare earths can be found in many products, including lasers, wind turbines, electric cars, and consumer electronics. China is the largest producer in the world. The data from...