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Guangdong to support Myanmar in infrastructure, productivity

Guangdong province will cooperate with Myanmar to support the development of four sectors under the Belt and Road Initiative, Mr. Ouyang Weimin, Deputy State Administrator from Guangdong province government in China, said at the China-Myanmar Trade and Investment Forum held in Yangon on March 12. Guangdong is a coastal province of southeast China which borders […]

Nine sectors to have priority under the China-Myanmar Economic Corridor

Myanmar is prioritising nine sectors covering infrastructure projects under the China-Myanmar Economic Corridor although more specific details as to which of the projects have been chosen remain under wraps. These sectors, part of the Myanmar Sustainable Development Plan, include electricity, road, bridge, telecommunication, basic construction, agriculture, transportation, research and technology. Union of Myanmar Federation of […]

Public Needs Reassuring Over BRI-Related New Yangon City Project Yangon

Of all the development projects initiated by the Yangon government, the New Yangon City project is indisputably the most controversial. From the beginning, the project’s location—a 20,000-acre site on the west bank of the Yangon River—has been questioned due to the flood-prone topography of the area. Then it emerged that the project’s main developer, the […]

Yoma and Kokubu to enter joint venture with KOSPA

Yoma Strategic Holdings Ltd. and Kokubu Group today welcomed SF Holding Co., Ltd., a technology-led international logistics service provider based in China, as a joint venture partner in KOSPA Limited, subject to the satisfaction of certain conditions, according to a press release. SF Holding will acquire a 25 per cent stake in KOSPA for a […]

Mongla Official Denies Chinese Firm Permitted to Set Up Autonomous Digital Economic Zone

The general secretary of the rebel-controlled Mongla Special Administrative Region on the Chinese border has denied any knowledge of a Chinese company’s plan to establish an independent political entity within its borders based on an “e-citizenship” system open to all with a digital economy supported by a cryptocurrency. In a program titled “Inside the Crypto […]

Full steam ahead for China-Myanmar high-speed railway

Once stalled plans to build a high-speed railroad connecting China’s southern city of Kunming and Myanmar’s Kyaukphyu port on the Bay of Bengal are firmly back on track. If completed, the 1,400-kilometer railroad will be a crucial link in a strategic economic corridor through which China’s imports and exports would bypass the congested Malacca Strait […]

Upgrade infrastructure to attract global manufacturing, GMS told

There is a significant need for Mekong region countries to upgrade their infrastructure to take on a larger share of global manufacturing, said Sok Siphana, chairman of independent Cambodian think-tank Asian Vision Institute (AVI). “The promotion of the free flow of goods, services, investment and skilled labour within the Greater Mekong Subregion (GMS) could further […]

Surveying Begins on Muse-Mandalay Railway

Ground survey work began Sunday on the Myanmar-China high-speed railway, a project that will link two economic centers in Myanmar with Kunming, the capital of Yunnan province in southwestern China, as part of Beijing’s grand infrastructure plan for the region. “A joint team is working on a study of the railway alignment,” Ministry of Transport […]

Aik Htun: Driver turned Tycoon

For the owner of a business of any size, integrity is key. This is the principle that has brought U Aik Htun, one of the richest businessmen in Myanmar, through ups and downs. “The biggest secret of success is honesty and integrity,” said U Aik Htun, chair of conglomerate Shwe Taung Group, speaking in fluent […]

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 […]