The junta has reorganised the working committees of several developmental projects that are crucial under the China-Myanmar Economic Corridor.
Local farmers say that they are still working their land in the project area and have not sold or transferred it to anyone. Yet, the names of the three unknown men registered as the owners of the 60 acres of land can be seen on the confiscation statement.
There is a “high possibility” that revenues from a Japan-backed offshore gas project in Myanmar are being used by the military dictatorship to buy weapons, a minister of the National Unity Government (NUG) has said.
Myanmar is the world’s biggest source of jade, with the industry largely driven by insatiable demand for the translucent gem from neighbouring China.
As of Oct 31, the authorities confiscated over 1,061 tonnes of teak, over 548 tonnes of hardwood and over 1,909 tonnes of other types of timbers in the country’s regions, states and Naypyidaw Union Territory.
Just six companies, including Chinese firms and local companies with connections to the military regime, have made bids for the 12 solar power projects Myanmar’s junta put up for tender in May, although some 40 firms including Thai companies have expressed interest in the projects.
Plans for palm oil self-sufficiency are a pretext for consolidation of military power.
On Wednesday India’s largest port operator said it was abandoning plans to build a container terminal in Myanmar’s commercial capital, Yangon. This past June, Norwegian pension fund KLP divested from the port company, saying the Indian company’s links with the Myanmar military breach the fund’s responsible investment policy.
The energy sector has been a site of international investment in Myanmar, but, with foreign investors jittery and blackouts escalating, it is also a site of resistance against the military coup.