Myanmar

Myanmar: Business Times says Myanmar’s resources star has dimmed after delays in the passing of a new mining law. Explorers have banged up against processing times for prospecting permits stretching out several years while commodity prices have fizzled and debt and equity funding markets have dried up. The country has to fight harder to attract capital. The hot-money crowd has filed out and reality has set in. As investors revise down their expectations, this may dampen sentiment in the SGX-listed M-Chips focused on the resources sector, such as Interra Resources, UPP, ISDN and WE Holdings.