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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 […]

China-Myanmar railway makes significant breakthrough

Construction of the China-Myanmar railway is expected to speed up as a vital segment within Myanmar saw a positive breakthrough during the just-concluded Belt and Road forum in Beijing. During the opening day of the second Belt and Road Forum for International Cooperation on Thursday, Li Changjin, chairman of the China Railway Group Company (CRGC), […]

Border trade during Oct-Dec quarter down

BORDER trade between Myanmar and its neighbours during the October-December quarter amounted to more than US$2 billion, down by $71 million, or 3.2 percent from the same period in 2017, according to the Ministry of Commerce. The fall was mainly due to a $563 million drop in trade value at the China-Myanmar border to just […]

Myanmar welcomes more investment from Hong Kong

A Myanmar Investment Promotion seminar was held on October 16 at Island Shangri-La, Hong Kong. The seminar was attended by Mr. Edward Yau, Secretary for Commerce and Economic Development and Officials of Hong Kong SAR Government, Members of legislative council, Members of Hong Kong Development Council and Hong Kong Productivity council and representatives of over […]

Cross-border trade slows due to renminbi fluctuations

Fluctuations in the value of the renminbi are having an adverse effect on China-Myanmar cross-border trade traders in Muse have told The Myanmar Times. China’s renminbi is the currency of choice for trade in the border region and a 10 percent drop in value is enough to cause businesses to lose money on deals, say […]

Calls out for investments in China-Myanmar border economic zone

Union Minister for Commerce Dr Than Myint has called on local entrepreneurs to invest in a border economic zone project in China-Myanmar. “The government has a plan to implement other economic zones. During Myanmar State Counsellor Aung San Suu Kyi’s tour to China last year, a contract was signed on the establishment of trading and […]

Deputy Finance Minister Named New Chair of Kyaukphyu SEZ

YANGON — Deputy Planning and Finance Minister U Set Aung has been appointed chairman of the Kyaukphyu Special Economic Zone (SEZ) Management Committee amid the government’s ongoing efforts to renegotiate its agreement with the project’s Chinese developer to give Myanmar a larger stake. The appointment took effect on May 8 and was approved by Vice […]

The construction of BCIM Economic Corridor vs. Myanmar

The BCIM Economic Corridor is the economic link connecting the Ganges River of India, the Ayerwaddy River of Myanmar, and the Mekong River of Indo-China. It is the lead bridge connecting the Pacific Ocean and the Indian Ocean. It is a market focus point for China, South and South East Asia. Therefore, building of the […]

China-Myanmar oil, gas project benefits both

The China-Myanmar crude oil and gas pipeline, a pioneer project of the China-proposed Belt and Road Initiative, has brought tangible benefits to both sides, and won broad support. The pipeline project consists of a crude oil pipeline and a natural gas pipeline, which run from the port of Kyaukpyu on Myanmar’s west coast to Ruili […]

China-Myanmar gas power plant to supply electricity to Yangon by year-end

A China-Myanmar joint venture gas power plant, Thaketa, will be able to start to supply electricity to Yangon city and the region by the end of this year and can ease the electricity shortage to some extent which Yangon is faced with, a high project official said on Sunday. General Manager of the Thaketa gas […]