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Archive for the ‘Burma’ Category

Burma, August 15: military increased price of fuel 500pc; CNG up 500pc, diesel doubled, petrol up 67pc

Posted by electricityweek on October 17, 2007

Soaring fuel prices trigger for Burmese protests: unfair quota system in place A surgeon in a public hospital in Burma earned $US15($17) a month and ran private clinics after hours to make ends meet, wrote Connie Levett in The Sydney Morning Herald (9/10/2007, p. 9).  Burma Heads of government departments earned $US14 a month until late 2005, when the Government increased salaries tenfold to stem dissent about the move to a new capital, Naypyidaw, in central Burma.

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Posted in Burma, Economy, Electricity, Gas, Natural gas, Price, Public Opinion, Retail, Volume 4520 | Leave a Comment »

Burma military energy economics: bought fuel in US dollars; sold in the local currency, the kyat.

Posted by electricityweek on October 17, 2007

While the military reaped rich profits from selling quotas on the black market, the Ministry of Energy subsidised the price of petrol. It lost money on each transaction because the ministry bought fuel internationally in US dollars but sold in the local currency, the kyat.

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Posted in Burma, Consumer, Economy, Electricity, Gas, Natural gas, Policy, Price, Public Opinion, Volume 4520 | Leave a Comment »

Energy price riot backlash: Military rent-a-crowd pays 90c per rioter; 1000 people remain in custody at unknown locations in Burma

Posted by electricityweek on October 17, 2007

About 1000 people remained in custody at unknown locations in Burma since last month’s rallies, and concern for their safety had grown, reported The Australian (15/10/2007, p. 10). Read the rest of this entry »

Posted in Burma, Consumer, Electricity, Gas, Policy, Price, Public Opinion, Volume 4520 | Leave a Comment »