New China Refinery Faces Delay as Myanmar Seeks Extra Oil Tax: Sources

A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation, two senior Chinese industry sources said. PetroChina parent CNPC early last year began trial operations of a deep sea port and 2,400-km (1,490 […]

A Land Eager to Look Rich: Luxury Brands Edge Into Myanmar

YANGON, Myanmar — “Every man has a crazy hobby,” said U Thiri Thein Than, an automotive engineer from Yangon who also has a home in Tokyo. “For me, it’s cars and watches.” For years Mr. Thiri Thein Than, 40, has done his higher-end shopping overseas. But in March, he visited a boutique that the Swiss […]

Wary of China, India Moves to Woo a New Myanmar

Days after Aung San Suu Kyi made a high-profile trip to China as foreign minister of Myanmar, Indian External Affairs Minister Sushma Swaraj visited Mynamar in the first high-level visit from India after the civilian government assumed office in Naypyitaw. Myanmar’s President Htin Kyaw is on a four day visit to India as well this […]

As Suu Kyi heads home, solving dam deadlock remains key to improving ties between China and Myanmar

The improvement of ties between China and Myanmar still hinges on a deadlocked dam project despite Aung San Suu Kyi’s largely successful visit to China as Myanmar’s de facto leader, according to diplomatic observers. The suspension of the US$3.6 billion Myitsone project on the Irrawaddy River by Suu Kyi’s predecessor Thein Sein in 2011 plunged […]

Govt mulls rejection of US$300 million loan from China

Thanks but no thanks, the Myanmar government may be preparing to say to a major Chinese lender. As Foreign Minister Daw Aung San Suu Kyi discussed the future of the controversial Myitsone dam project and other aspects of Myanmar-Chinese relations in Beijing, questions were being raised as to whether the country needs to take on an additional […]

Tin May Extend Gains as Myanmar Ore Output Seen Flat Then Down

Tin, this year’s second-best performer among base metals, may extend gains as ore output from the No. 3 producer Myanmar is set to decline next year, according to the International Tin Research Institute. The nation’s output this year may remain little changed around the 50,000 metric tons of contained metal mined in 2015 before falling in 2017 […]

BKL continues overseas expansion with Myanmar office

Korean law firm Bae, Kim & Lee (BKL) has opened an office in Yangon, Myanmar, its seventh globally, and its third outside of its home country. The Yangon office will be led by partner Eric Eunyong Yang, who along with fellow partner Yong Geun Bae, joined the firm last year from Yulchon with the aim […]

India, China, Myanmar should develop Stilwell Road: Chinese media

BEIJING: India, China and Myanmar should establish a joint dialogue mechanism to restore the Stilwell Road connecting the three countries to revitalise trade in the region, Chinese media said today. “The Stilwell Road was called the Ledo Road, but renamed after Stilwell at the suggestion of Kuomintang leader Chiang Kai-shek. Ledo, a small town in […]

China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi

HONG KONG – China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume. Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and her Chinese counterpart, […]

How Korea Is Conquering Myanmar, One Soap Opera at a Time

A Cinderella story of two antagonistic stepsisters and a love story about a woman with amnesia – these soap opera tropes may be South Korea’s ticket for greater influence in the slowly opening Burmese market. According to the Yonhap News Agency, the South Korean Ministry of Culture, Sports and Tourism is teaming up with the […]