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Gov’t Spells Out Conditions for Signing BRI Deals with China

A senior Myanmar official revealed that the government has drawn up a set of conditions for signing memorandums of understanding (MOUs) related to Beijing’s grand infrastructure projects in the country in order to avoid falling into a “debt trap” with China and to ensure the projects benefit both countries. The conditions include acquiring international financing […]

Myanmar-China Think Tank Forum kicks off in Yangon

The third Myanmar-China Think Tank Forum kicked off on Tuesday in Myanmar’s Yangon, gathering about 40 experts from both countries. Focusing on the Belt and Road Initiative (BRI) and Myanmar-China Economic Corridor, discussions and views were exchanged under four topics — “Economic Cooperation and Border Trade” “People-to-people Connectivity” “Socio-Economic Development” and “Cross-border Ethnic Communities” at […]

China-Backed Muse-Mandalay Railway to Cost $9 Billion

An ambitious China-backed railway project connecting two economic centers in Myanmar with Kunming, the capital of Yunnan province in southwestern China, will cost almost US$9 billion and final decisions on the specific details of the construction are expected to be made by the end of this year. As a part of the China-Myanmar Economic Corridor […]

Sino Great Wall: Crashing out on the belt and road

Mottama Holdings invited journalists to a high-profile “topping-out” ceremony for its M Tower project, a 26-storey office building near Hledan junction in Yangon that used prefabricated steel structure from the company’s factory in the city. After putting in place the final steel beam – complete with gold-coloured bolts – more than 100 metres above Pyay […]

Myanmar Signs 3 Agreements at Belt and Road Forum

Myanmar’s government signed two memorandums of understanding (MOUs) and an agreement letter with China at Beijing’s Belt and Road Forum on Thursday, detailing strengthened cooperation between the countries on the China-Myanmar Economic Corridor (CMEC), trade and technology. According to the Ministry of Information, Myanmar State Counselor Daw Aung San Suu Kyi and Prime Minister 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 […]

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 […]

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 […]