Tag: Investment

Myanmar: Textile factories catch fire during the protest

YANGON, Myanmar – Two textile factories of owned by Chinese companies in the Hlaing Tharyar industrial zone caught fire during the violent confrontation between protesters and security forces on March 14. No one has claimed responsible for that incident. The Chinese embassy has called for the Myanmar military to undertake further measures for the security … Read more

French bank will stop financing companies that exploit deforested land in the Amazon

Continuing a trend of European businesses moving independently to protect the Amazon, France’s BNP Paribas announced it will no longer finance companies that buy cattle or soy produced on deforested or converted Amazon lands after 2008. The measure also applies to deforested lands in Brazil’s Cerrado region, a threatened tropical savanna eco-region covering 20% of … Read more