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China starts importing natural gas from Myanmar

China has started importing natural gas from Myanmar, a milestone as the worlds largest energy consumer expands its strategic access to energy resources across the Indian Ocean.

The gas pipeline that connects China, Myanmar and the Indian Ocean has formally begun operations, CNPC, the Chinese state-owned company that operates the pipeline, announced on Monday. A parallel crude oil pipeline is expected to start next year.

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French trade minister to visit Myanmar next week

French Trade Minister Nicole Bricq is to visit Myanmar with representatives of 15 small and medium businesses next week. The trip comes as Europe and the US seek business opportunities in a country apparently committed to reform.

Bricqs visit on 30-31 July follows Myanmar President Thein Seins meeting with Fran篩s Hollande in Paris last week during which the French president praised changes in the south-east Asian country that has been ruled by the military for decades.

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Ageing Myanmar must develop quickly, says OECD

According to an Organization of Economic Cooperation and Development (OECD) report, Myanmar must capitalize on its numerous assets and seize the momentum for development, as the country’s population begins ageing.
 
“The current workforce in Myanmar will become ageing citizens in the next 20 years,” the report says.
 
The report, Multi-dimensional Review of Myanmar: Initial Assessment, was launched by the OECD and UNESCAP in Yangon on June 18.

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Indo-Myanmar border markets get green light

Myanmar’s Ministry of Commerce will move ahead with plans to open a series of markets at the Indo-Myanmar border area, said Tayza Aung Win, a director at the Sub-department of Internal Trade.
 
The border markets will be opened in 10 villages in three townships of Chin State—Tiddim, Chikha, Tonzang— and three townships of Sagaing Region—Lay Shi, Lahe and Tamu.

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Letpadaung copper mine to resume operations

The controversial Letpadaung copper mine is set to resume operations, a union minister said on Thursday, following the signing of a new contract that gives the government a large share of the mine’s profits.

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