China-led AIIB approves $320 mln in loans to Pakistan, Myanmar power projects

The China-led Asian Infrastructure Investment Bank (AIIB) approved loans totalling $320 million to energy projects aiming to ease severe power shortages in Myanmar and Pakistan, the bank said on Thursday. A $300-million loan will fund expansion of a hydropower project in Pakistan, co-financed with the World Bank, and a loan of $20 million went to a power plant in Myanmar co-financed with other lenders, […]

Japan to offer Myanmar ¥100bn in loans

TOKYO – Japan plans to offer ¥100 billion (US$995 million) in loans to Myanmar for infrastructure development, a Japanese government source said on Friday. It is the first such offer by Tokyo since the longtime opposition party led by Aung San Suu Kyi took office in March. Prime Minister Shinzo Abe plans to make the […]

China says still trying to resolve stalled Myanmar dam scheme

China is pursuing efforts to resolve the problem of a stalled dam project in Myanmar, its foreign minister said on Tuesday, adding that Beijing had confidence in the incoming government of democracy leader Aung San Suu Kyi’s party. BEIJING: China is pursuing efforts to resolve the problem of a stalled dam project in Myanmar, its […]

China’s Myanmar Conundrum

Myanmar’s political transition has spawned debates and deliberations in policymaking circles and strategic communities across the world. The economic and strategic spinoff of the political changes has generated immense attention and interest. Not least in China. As recently as 2011, prior to its “opening up,” Myanmar was not only considered cut off from international engagement, […]

China’s Xi holds talks with Myanmar president

BEIJING: Chinese President Xi Jinping and Myanmar’s leader Thein Sein held talks Friday as the relationship between the two countries adapts to dramatic political changes. The two shook hands outside Beijing’s Great Hall of the People and inspected an honour guard as Thein Sein — a former general — was given full military honours, before […]