MANILA -- The Philippine island of Mindanao has long been an economic backwater, plagued by a bloody, deep-rooted conflict between Islamic separatist insurgents and a government backed by an overwhelmingly Christian population.
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Dutch Muslims concerned by mosque attacks
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- Category: Business
- Published on 28 December 2014
- Written by Super User
- Hits: 731
Dutch citizens joining ISIL and far-right rhetoric are cited as factors fueling assaults on Muslim houses of worship.
Amsterdam, The Netherlands - An unidentified man wearing a hoodie placed fireworks in the window of the Selimiye Mosque in Enschede, a city in the Netherlands, on December 14. A few seconds later, the fireworks exploded, breaking the window.
Myanmar gives go-ahead to build 4th international airport
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- Category: Business
- Published on 31 October 2014
- Written by Super User
- Hits: 823
Oct 29 (Reuters) - Myanmar has chosen a Japan-Singapore consortium to build its fourth international airport, a $1.5 billion project north of the country's biggest city Yangon, a senior transport ministry official said on Wednesday.
Obama extends some sanctions against Myanmar despite reforms
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- Category: Business
- Published on 16 May 2014
- Written by Super User
- Hits: 945
U.S. President Barack Obama walks from the West Wing of the White House in Washington, before his departure en route to New York, May 14, 2014.
CREDIT: REUTERS/YURI GRIPAS
(Reuters) - President Barack Obama extended some economic sanctions against Myanmar for another year on Thursday, telling Congress the step is needed despite some progress on reforms made by the country formerly known as Burma.
Obama notified leaders of Congress in a letter that he was renewing for another year the National Emergencies Act, which prohibits U.S. businesses and individuals from investing in Myanmar or doing business with Myanmar figures involved in repression of the democracy movement since the mid-1990s.
Peace deal sparks Mindanao development boom
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- Category: Business
- Published on 08 June 2014
- Written by Super User
- Hits: 946
Employees from Japanese construction consultancy Chodai inspect the construction site of an industrial park in the city of Butuan, on the Philippine island of Mindanao.
Burma’s Central Bank Expected to Submit Monetary Policy
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- Category: Business
- Published on 16 May 2014
- Written by Super User
- Hits: 964
Burma’s Central Bank building Naypyidaw. (Photo: Reuters)
RANGOON — Burma’s Central Bank is expected to submit a new monetary policy during Parliament’s next session, which begins late this month, a lawmaker said.
The Central Bank is currently working on a plan to allow foreign banks to operate in the country, a central part of the government’s reforms to modernize the long-isolated financial sector.
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