News Snapshot:
Kolkata, May 9 : China has started reaping rewards for backing the February 1 military takeover in Myammar. The military regime-controlled Myanmar Investment Commission (MIC) this week approved 15 projects, including a Chinese $2.5-billion liquefied natural gas (LNG) power project, easily the biggest single investment since the new military takeover. The MIC, headed by Lt General Moe Myint Tun, did not specify details of the mega project but IANS reliably learned from Myanmarese Planning Department sources that the LNG project approved on Friday is likely to be the Chinese-backed Mee Lin Gyaing power project in the country’s Irrawaddy Delta. The...
