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 […]

Belt and Road, Kaladan and the future of Rakhine’s economy

THE economy in the resource-rich Rakhine State is throttled by the crisis as well as the accompanying international backlash, dashing any hope of massive foreign investment in the near future. In the meantime, local communities in Kyaukphyu have demanded the stake ratio of the proposed Kyaukphyu port to be restructured so as to allow a […]

Kaladan woes reflect frustrated Indian vision for Myanmar and Southeast Asia

India’s ambitions to establish a foothold in Myanmar and strengthen ties with Southeast Asia risk being jeopardised by the ongoing Kaladan project. This ambitious venture exposes India’s overseas infrastructure failings, and thus its inability to push rival China aside. Long deterred by Myanmar’s status as a military dictatorship, India has only relatively recently built substantial […]

‘Tremendous opportunity for growth’ identified in the BIMSTEC region

Participants at a Yangon roundtable discussion today point to largely untapped opportunities for trade, communication and cultural exchange in a region of 2.5 billion souls. Parami Roundtable and Mizzima Media Group organised a roundtable on Myanmar and BIMSTEC to commemorate the celebration of 20 years of BIMSTEC. BIMSTEC, known as Bay of Bengal Initiative for […]

PM Narendra Modi’s visit to expand strategic and economic footprint in Myanmar

NEW DELHI: PM Narendra Modi’s three-city Myanmar visit from September 5-7 comes at an appropriate time with India seeking to expand strategic and economic footprint in the South East Asian country where Chinese attempts to enhance its sphere of influence has been met with varying degrees of success. The visit to Myanmar –– considered India’s […]

Offshore Opportunities Emerge in Wake of Gas Discoveries

Promising opportunities are emerging for Myanmar’s oil and gas service providers. Leonard Oh, executive chair of Myanmar Offshore Supply Base, discusses his company’s plan. Last week, gas was discovered at Block A-6, off the coast of Southern Rakhine, at water depths of up to 4,570 meters. It was the deepest gas well ever drilled in […]