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Myanmar’s stalled China-backed Myitsone dam project strained bilateral ties for years — now it could be scaled back or moved

A top Myanmar investment official on Tuesday suggested scaling back or relocating a stalled Chinese-backed hydropower project that has strained ties between the neighbours for nearly a decade. The suggestion follows a statement by the Chinese Embassy in Myanmar earlier this month that said civil society organisations in Kachin state supported the planned project. Hundreds […]

Yangon’s new city to start bidding process

The government body in charge of developing the new Yangon city project announced that it will commence the bidding process in mid-February. Yangon’s regional government launched an ambitious new city project via a government-owned New Yangon Development Co (NYDC) last March. The scheme covers an area twice the size of Singapore with a target of […]

Is Myanmar Ready to Become a Regional Trade and Supply Hub?

Japanese Prime Minister Shinzo Abe recently pledged to promote more than 150 quality infrastructure projects in five nations in the Mekong River subregion—Myanmar, Thailand, Vietnam, Cambodia and Laos—under a new blueprint, the Tokyo Strategy 2018 for Mekong-Japan Cooperation, which will be effective from 2019 to 2021. Japan and China are competing for influence in Southeast […]

Chinese firm finalises new Yangon city proposal

The government body in charge of developing an ambitious new Yangon city project has reached the final stage in negotiations with China Communications Construction Company (CCCC) in preparing pre-project documents (PPD). Launched by the regional government in March via a 100pc government-owned New Yangon Development Co (NYDC), the new city project covers an area twice […]

Myanmar still weak in enforcing contracts, protecting minority investors

Myanmar has done undertaken two reforms to improve access to power supply and the ease of starting a local business, according to the latest report from the World Bank. However, pace of reform on most regulations affecting the private sector remain stagnant. In the newly-released World Bank’s 2019 Doing Business rankings, Myanmar ranks 171th out […]

Trade war will drive Chinese investment in Asean to US$500 billion by 2035, think tank says

Chinese investment in Asean countries is set to more than triple to US$500 billion by 2035, with the US-China trade war likely to provide a catalyst for the spike, according to a regional think tank. The claim was made in a report published on Thursday by the Asean+3 Macroeconomic Research Office (AMRO), a regional macroeconomic […]

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 […]

China Beating Japan in War for Economic Influence in Myanmar

While the Japanese foreign minister and State Counselor Daw Aung San Suu Kyi discussed Rakhine’s development in Naypyitaw last week, a Chinese Communist Party provincial secretary met the vice president to discuss increasing investment in agriculture, transport and technology cooperation. It is not the first time China and Japan have been seen directly competing on […]

The Opening of an India-Myanmar Land Border Crossing: A Boon for Northeast India

The recent opening of two land-border crossings between India and Myanmar at Tamu/Moreh in the state of Manipur and Rihkhawdar-Zowkhawtar in Mizoram will go a long way toward bringing India and Myanmar closer. According to a statement issued by the Indian Embassy in Myanmar, “the landmark Land Border Crossing Agreement between India and Myanmar, signed […]