China to hold 70% stake in Myanmar’s planned strategic seaport

Myanmar will hold a 30 percent stake in its strategic deep-water seaport project led by cash-rich China, giving Beijing a 70 percent interest, under their final agreement reached during recent talks between the two countries, according to a visiting senior Myanmar official. That is an improvement for the emerging Southeast Asian economy from the initially […]

China hardsells big ticket but low on trust, India’s soft power push in Myanmar education and health

As Delhi seeks to expand its engagement with Myanmar, it is in sectors such as education, health and entertainment services that India hopes to make an impact in a country crowded with several international players, and completely dominated by China. In a state-of-the art classroom at the steel and glass Myanmar Institute of Information Technology […]

POSCO DAEWOO Corp. selects McDermott and BHGE for Myanmar development

HOUSTON — McDermott International, Inc. and Baker Hughes, a GE company, announced the award of a contract by POSCO DAEWOO Corp. for phase two of the Shwe gas field development offshore Western Myanmar. The McDermott-led consortium took part in a FEED competition in 2017. The successful execution of the FEED, followed by the EPCIC tender, […]

China seeking concessions from Myanmar power project

HONG KONG: China, it seems, has not given up hope of restarting its hydroelectric power project at Myitsone in northern Myanmar. According to a report published in the Asia Times, Beijing is using the proposed Myitsone power project to push for concessions from Myanmar for a much more important project — the deep sea port […]

China firms up ties with Myanmar

China’s emergence as a global player and its generous foreign aid to Southeast Asian countries often leads to claims that its true actions are disguised and really a means to expand its power and influence throughout the region. However, Myanmar has adeptly managed its relations with the Asian powerhouse over the years and, contrary to […]

China Faces Increasing Competition in Myanmar

Chinese domination of Myanmar can not be denied, as China is Myanmar’s top trading partner, and over the past three decades has also emerged as the single largest source of foreign direct investment (FDI) in the southeast Asian state. Myanmar-China bilateral trade had already reached $5.5 billion in the first half of the present fiscal […]

Myanmar to Get Better Profit-Sharing Deal in Rakhine Port Project

Myanmar is set to receive a greater amount of the profit-sharing in a $7.2 billion deep-sea port development project in the town of Kyaukphyu in western Rakhine state, though negotiations with the main Chinese investor are ongoing, a commerce ministry official said Monday. A consortium led by CITIC Group Corporation Ltd., China’s state-owned investment company, […]

Myanmar’s evolving maritime security landscape

Myanmar links South and Southeast Asia and lies on maritime shipping routes from the Indian and Pacific Oceans.A key pillar of its national development agenda is establishing an efficient and integrated transport system to become Asia’s newest maritime hub. Recent political and economic reforms have already had significant impact on national trade flows. According to […]

Reliance Industries exits from overseas oil and gas blocks

New Delhi: Reliance Industries has exited the last of its overseas oil and gas assets after it relinquished two blocks in Myanmar. “Relinquishment of Myanmar Block M17 and M18 on completion of study / others technical evaluation assessment period,” RIL said in an investor presentation post announcing its second quarter earnings. With this, the oil-to-telecom […]

Bangladesh losing its geo-economic importance to Myanmar

The Rohingya refugee crisis has exposed Bangladesh’s diplomatic weaknesses. No permanent member of the United Nations Security Council has strongly backed Dhaka to solve the refugee problem. China rendered its support to Myanmar at the UN so that the country does not face any immediate threat such as sanction. The United States’ intention to solve […]