Telenor’s sale of its Myanmar venture has been completed. Its new majority owner is Myanmar’s Shwe Byain Phyu group, which is mainly known for its petroleum trade. On 11 May, in their reports to Telenor’s Annual General Meeting, Chair of the Telenor Board Gunn Wærsted and CEO Sigve Brekke spoke at length about the extremely difficult situation Telenor had faced after Myanmar’s 1 February… Read more »
Category: Business and Peace
China’s Conflict with the NBA Shows Why Companies Can’t Force Social Change by Themselves
A tweet landed a global brand in a clash of politics and cultural demands. It was a tough week for U.S. companies doing business in China. Tiffany canceled an ad campaign because the model had a hand over her right eye, prompting critics in China to complain it looked like she was supporting pro-democracy protesters in Hong Kong. Blizzard… Read more »
Can Businesses Play a Role in Peace and Sustainable Development?
The role of business in society is as contested as ever. Business can help grow local communities, or they can exploit them. Economic growth can bring states together as it did the European Union, or it can help trigger conflict if the benefits are not distributed equitably, as we have seen in Myanmar, Sudan, and Sri… Read more »
Eastern Mediterranean Hydrocarbons Prospects: In Need of a Pragmatic Geopolitical Assessment
An evaluation of the Eastern Mediterranean hydrocarbons situation requires realism, thinking outside the box, taking nothing for granted, appreciating the sense of urgency and a pragmatic assessment of the international environment.
What Will China Do About the Middle East?
The Middle East is set to become the major test for China as a global power. The region is characterized by war, political tensions and economic stagnation. China is ramping up its role, not least with its Belt and Road Initiative. What do the Chinese think about the challenges in the Middle East? And is… Read more »
Russia Underperforms at Pivoting
Vladivostok, which had an expensive facelift for the 2012 APEC summit, will this week host the Eastern Economic Forum, and President Vladimir Putin is due to preside over the proceedings. His goal is to reassert Russia’s commitment to playing a major role in Asia-Pacific geopolitics and to reinvigorate business ties with this dynamic region. The… Read more »
Somalia’s Hope for the Future? The Return of Young Diaspora Somalis
The Somali conflict has affected Somali citizens inside and outside the Somali region for over 25 years. While Somaliland and Puntland have enjoyed relative stability for more than two decades, conditions are much more fragile in south-central Somalia, and residents in many parts of the Somali region face considerable levels of insecurity still. In late… Read more »
Pakistan’s Crippling Energy Crisis and Increasing Remittances
Deadly heat exposes Pakistan’s power problems. This summer CNBC run a report titled Deadly heat exposes Pakistan’s power problems after more than a thousand people died during heatwaves during the first days of Ramadan. Insufficient preparedness for the heatwave is largely seen as the cause of deaths, yet the context of the protracted electricity… Read more »
Back in Business? Diaspora Return to Somalia
In most post-conflict contexts, returning diaspora members contribute to reconstruction efforts; including through investments in businesses. While many invest in traditional ventures, others introduce new ideas for entrepreneurship. In Somalia, diaspora businesses are visible and valued; especially for their development and peacebuilding potential. The conflict has affected Somali citizens inside and outside the Somali region… Read more »
Business and Peace
These days, the Business for Peace Symposium is happening in Oslo. Business leaders from all over the world are gathered to discuss how business can contribute to peace and hinder conflict. Some of the most distinguished guests have arrived from Cyprus, namely Manthos Mavrommatis, Honorary President of the Cyprus Chamber of Commerce and Industry and… Read more »