China’s New Economic Priorities Offer ‘Exit Strategy’ on Myitsone Dam

New financial constraints imposed by Beijing to deal with China’s bloated economy could lead to the controversial Myitsone hydroelectric dam project in northern Myanmar being quietly abandoned. The Naypyidaw government has been under pressure from China Power Investment Corporation (CPI) to lift a suspension of construction imposed in 2011 by President Thein Sein, but new […]

US Exim Bank Raises Hopes in Myanmar With Credit Offer

YANGON — Local businesses are hoping for more foreign investment in Myanmar, after the Export and Import Bank of the United States (Ex-Im Bank) began offering credit for trade with the country last week. US businesses are considering their options in Myanmar, after staying away for over a decade due to economic sanctions imposed on […]

Myanmar Gas Exports to Slow as Pipeline Closes for Work

YANGON — The Thai government is reportedly taking measures to avoid a shortage of energy after Myanmar announced a half-month stoppage of the Yetagun natural gas project. An official at the Burmese Ministry of Energy told The Irrawaddy that the pipeline, which takes gas from the Yetagon offshore gas field in the Andaman Sea to […]

Myanmar Chamber of Commerce Wants More Chinese Hydropower Investment

YANGON — Despite environmental and sustained public opposition, Myanmar’s main business federation has called for more Chinese investment in hydropower projects on the country’s rivers. Numerous plans have been announced to build major dams Myanmar’s two biggest rivers, the Irrawaddy and the Salween, and harness the huge amounts of potential energy on offer to address […]

Lobby petitions Japanese investors over Dawei

With the Japan-ASEAN summit approaching, a local rights group is calling on Japanese investors to back away from the controversial Dawei Special Economic Zone (SEZ) until international best practices for compensation and environmental protection are established. The government last month suspended all work on the multi-billion dollar SEZ until it can undergo a due diligence […]

Myitsone Dam Project on Hold, but Far From Dead

Back in September 2011 when President Thein Sein issued a decree ordering that construction of the Myitsone dam “be suspended in the time of our government,” the announcement was met with widespread applause both internationally and at home. The ambitious project, which involves building a 152-meter-tall hydroelectric dam at the confluence of the two rivers […]

Myanmar’s Myitsone dam project faces uncertain future

The controversial Myitsone dam project in Myanmar’s Kachin state has been suspended for over two years now and stop-work costs, amounting to millions of US dollars, are mounting MYITSONE, Kachin: The controversial Myitsone dam project in Myanmar’s Kachin state has been suspended for over two years now and stop-work costs, amounting to millions of US […]

China’s troubled copper mine back on track

Geng Yi, the managing director of the Letpadaung Copper Mine, is cautiously optimistic that one of China’s largest investments in Myanmar will “soon be back on track”. Months of protests by local farmers and activists had brought operations to a halt. The project, a joint venture between China’s Wanbao Mining and its Myanmar partner, Union […]

Myanmar Annual Gems Emporium Kicks off in Nay Pyi Taw

An annual Myanmar gems emporium was opened in Nay Pyi Taw Saturday for its golden jubilee. Some originally-scheduled interim special gem sales and mid- year event were also stopped over the period following the suspension of jade mining work in Pha-Kant, northernmost Kachin state since May 2012 when armed conflicts between the government forces and […]