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Myanmar, China to conduct joint boundary inspection next year, ministry says

Myanmar and China plan to conduct the third joint inspection of their shared boundary next year, after 24 years of not being able to implement the activity, according to the Union minister for international cooperation. “Negotiations on the joint inspection process involving the two sides are ongoing,” Union Minister for International Cooperation U Kyaw Tin […]

Myanmar appoints ex-world bank economist deputy minister

The Myanmar President’s Office on Thursday appointed former World Bank economist and poverty specialist Dr. Min Ye Paing Hein as deputy industry minister. Among his responsibilities will be promoting private investment in state-owned enterprises to make them commercially viable. Aged 41, the holder of a PhD from a US university will be the youngest minister […]

Myanmar Set to Ink Pact with China on Border Cooperation Zones

The Myanmar government is ready to sign a framework agreement with China on the establishment of cross-border economic cooperation zones, paving the way for the implementation of Beijing’s grand infrastructure plans in the country as part of its Belt and Road Initiative (BRI). The assistant permanent secretary and spokesperson for the Ministry of Commerce, U […]

Master plan prepared for Chinese-backed Kachin economic zone: state minister

YANGON—A Kachin State minister said a master plan for a planned, Chinese-backed, model economic zone along the China-Myanmar Economic Corridor has been prepared, and the Myanmar government is engaged in deep discussions with the company for the project’s implementation to avoid further challenges. The Kachin State government and the Yunnan Tengchong Heng Yong Investment Company […]

China’s Six Belt and Road Projects in Myanmar to Watch in 2019

YANGON—The Myanmar government recently agreed to begin work on key projects under the China-Myanmar Economic Corridor (CMEC) agreement which is part of Chinese’s ambitious Belt and Road Initiative. Experts, including voices from the World Bank, have pointed out that Myanmar’s growth will largely depend on major BRI infrastructure projects that get underway this year. The […]

Ministries to select projects for Belt and Road economic corridors

Preparations are being made for Myanmar to select its priorities among planned projects along the China-Myanmar economic corridors supported by the Beijing-led Belt and Road Initiative, U Than Aung Kyaw, deputy director-general of the Directorate of Investment and Company Administration (DICA) told The Myanmar Times. Traders from China will be arriving shortly to carry out […]

Indefinite Xi Jinping rule in China: India needs to move on many fronts now

NEW DELHI: China’s move to scrap presidential term limits is expected to give a major boost to Xi Jinping’s expansive Belt and Road Initiative (BRI) and China-Pakistan Economic Corridor, much to India’s discomfort. The Chinese Communist Party’s decision to scrap the two-term limit for China’s President was indicated in October last year when Xi was […]

ICBC to become major BRI financier in Myanmar

The Industrial and Commercial Bank of China (ICBC) will position itself as the main financial services provider for all projects under China’s ambitious Belt and Road Initiative (BRI), Hong Laing, Chinese ambassador to Myanmar, said at the two-year anniversary ceremony of ICBC Yangon on October 21. The BRI is a huge project backed by the […]

China Yunnan courting Myanmar with investment and BRI

Myanmar’s economy is inextricably linked to neighbouring China. The country exports more than half its agriculture produce across the border, making China one of its largest trade partners. Meanwhile, China is also the largest investor in Myanmar, with total approved investments totaling US$19.1 billion as at August 31. As a whole, foreign direct investments from […]

Belt and Road is not the only game in town

Belt and Road is not the only game in town for Myanmar. Without doubt, the scheme is important and relevant; nonetheless, it is just part of the opportunities Myanmar has access to. The government, businesses and other stakeholders should act decisively to seize the opportunities, within and beyond the Belt and Road. In the past, […]