SOURCE / COMPANIES By Global Times Published: Feb 04, 2021 10:01 PM
Security guards are seen at the entrance of the City Hall in Yangon, Myanmar, Feb. 2, 2021. (Xinhua/Zhang Dongqiang)
Chinese companies operating in Myanmar need to watch out contractual and default risks amid the current political upheaval in the Southeast Asian country, a Chinese lawyer has said.
The Myanmar President s Office declared a one-year state of emergency after the military s detention of government leaders including Aung San Suu Kyi on Monday. State power has been handed over to the commander-in-chief of the armed forces.
Chinese companies need to pay close attention to risks from the political situation, as well as legal and commercial agreements and policy implementation, a Myanmar-based lawyer told the Global Times on Wednesday.
SOURCE / COMPANIES
Chinese energy firms assess changes impact on projects By GT staff reporters Published: Feb 02, 2021 08:43 PM
Photo taken on Feb. 1, 2021 shows a resting place for federal parliamentarians blocked by the military in Nay Pyi Taw, Myanmar. Photo: Xinhua
The political upheaval in Myanmar that is sowing uncertainty for the future of the Southeast Asian economy may have a mixed impact on local operations of Chinese energy companies, which have acted swiftly in response to the changing situation, several sources told the Global Times.
The Myanmar President s Office declared a one-year state of emergency after the military s detention of government leaders including Aung San Suu Kyi on Monday. State power has been handed over to the commander-in-chief of the armed forces.
New Delhi’s twin-track approach of dealing with Myanmar
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Synopsis
While as a vibrant democracy India had supported democratic traditions in neighbouring Myanmar in the backdrop of old ties with Aung San Suu Kyi, New Delhi had cultivated and engaged the military over the past two decades in geo-political interests, persons familiar with the dynamics of India-Myanmar ties told ET.
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Indian Ambassador to India Saurabh Kumar, third from right, can be seen in front of boxes of the Covishield vaccine delivered from India at the Yangon International Airport Friday, Jan. 22, 2021
NEW DELHI: India’s twin-track approach of dealing with both the all-powerful military in Myanmar as well as the democratic forces puts New Delhi in an advantageous position with its huge security and economic stakes in the neighbouring country where junta has returned to power.
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