Govt urged to establish Belt and Road taskforce

From tackling illegal border trade to constructing Kyaukphyu SEZ, the to-do list for Belt and Road in Myanmar is very long. THE Myanmar government is urged to take a proactive role and form a taskforce to carve out its involvement in China’s Belt and Road Initiative (BRI). An adviser to the National League for Democracy-led […]

Ooredoo Myanmar CEO quits after two years

Rene Meza has resigned as CEO of Ooredoo Myanmar after just two years in the post. Ooredoo has appointed COO Vikram Sinha as acting CEO until it finds a permanent replacement. Meza joined Ooredoo to run its Myanmar operation in August 2015, when he replaced Ross Cormack, who won the race to start services after […]

State Counsellor Stresses Belt and Road Needs to Align National Priorities

At the BRI summit in May, the State Counsellor stressed that BRI-led projects should complement national priorities and take into account the welfare of local communities, and highlighted the need to ensure responsible business practice. Local analysts and commentators in Myanmar have spelt out some of the benefits and risks of Myanmar’s participation in Beijing’s Belt […]

The ‘Belt and Road’ Projects China Doesn’t Want Anyone Talking About

Kunming, Yunnan’s provincial capital, occupies a key place in China’s economic diplomacy efforts as the terminus of oil and gas pipelines from the Bay of Bengal and the starting point of a planned railway network winding through Indo-China to Singapore. But the provincial authorities have obscured the location of a brand new, 29.2 billion yuan […]

Unilever sees growth in bottom and top of Asian economic pyramid

TOKYO/YANGON/MUMBAI — At a small shop tucked into a residential neighborhood of Yangon, one peculiar set of items has emerged as a hit seller among the snacks and household staples on offer: single-use pouches of Unilever shampoo, which dangle from the store’s walls and ceiling. Many in Myanmar still consider bottled shampoo of the sort […]

Belt and Road should not dictate infrastructure priorities: Melvyn Pun

Beijing’s Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest. During the 2nd ASEAN-Myanmar Forum hosted by the Singapore Institute of International Affairs in Sedona Hotel yesterday, Melvyn Pun, the chief executive […]

Traders wish for negotiations with Chinese for blocked bank accounts

Traders want the State to enter into negotiations with the Chinese government over 1,000 bank accounts of Myanmar merchants which are frozen by Chinese banks, merchants said. The Chinese government blocked the bank accounts which are used in transactions in the course of taking actions against illegal importers from Myanmar and Viet Nam. The bank […]

Once controversial oil refinery to open in Yunnan this month

A petrochemical facility near Kunming, once the source of grave public concern, is preparing to open for business later this month. Owned and operated by PetroChina, the factory 28 kilometers west of the provincial capital in Anning (安宁), is the first of its kind in Yunnan, according to a company press release. The refinery will […]

What do Local and International Businesses Make of The Belt and Road?

Businesses in Myanmar generally welcome the Belt and Road Initiative’s (BRI) investment boost for the country’s infrastructure development. Some urged Myanmar to be more proactive in navigating its involvement in the scheme. Many emphasised the importance of transparency, public engagement and adhering to international practices. But some have also expressed reservation and scepticism against China’s ambitious […]

Investor-Friendly Environment and Human Capital Essential for Myanmar’s Success in the Belt and Road Initiative

The Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director Jonathan Woetzel, senior partner of McKinsey & Company and director of the McKinsey Global Institute (MGI), told The Myanmar Times that success of the Belt and Road Initiative (BRI) in Myanmar would depend on the country creating an investor-friendly environment […]