Myanmar anticipates good prospects after opening of AIIB

Myanmar is anticipating good prospects after the opening of China-initiated Asian Infrastructure Investment Bank (AIIB), a finance official said here Thursday. “Our expectation and view on the opening of the AIIB are good and clear, that was why we participated as a founding member. The AIIB is assumed as a dependable bank which supports regional […]

World powers line up to woo new administration

This summer, the U.S. Treasury Department received a petition from the financial industry asking for the removal of Asia World Port Management from the department’s sanctions list for Myanmar. The company operates Myanmar’s largest port. The U.S. deems its parent company, Asia World, as one of Myanmar’s past military government cronies, and banned U.S. companies […]

China wants Kyaukphyu project speeded up

Chinese State Councilor Yang Jiechi has put pressure on the Myanmar government to speed up work on the Kyaukphyu Special Economic Zone in Rakhine State, according to the state-owned Myanma Alin newspaper. The visiting Chinese delegation demanded the project be finished as soon as possible at a meeting with President Thein Sein on at the […]