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China’s Strategic Port Project Moves Step Closer to Reality as Myanmar OKs Joint Venture

HANOI — Dutch development financier FMO may pour another $1.4 million into a second fund for Emerging Markets Investment Advisers in a move to bolster its portfolio in the face of COVID-19. As the international development bank of the Netherlands, FMO hopes increased funding will replenish follow-on reserves of the Cambodia-Laos-Myanmar Development Fund II. “While […]

Myanmar to boost brand for foreign markets

Myanmar will strengthen its product branding to make locally made goods more competitive on the international market, a senior official said. U Thet Lwin Oo, deputy director of the Ministry of Commerce’s Myanmar Trading Promotion Organisation, said the strategy aims to improve the quality of produce and conduct a media campaign to boost consumer awareness. […]

What Ant Group’s upcoming IPO means for the Southeast Asian startup ecosystem

The startup ecosystem in China and Southeast Asia (SEA) is closely related in its own unique ways. It is often said that whatever trend arising in China at the moment will give us a preview of what might happen in SEA in the next few years. The two markets impact each other both directly and […]

How India lost a gas pipeline to China

A tripartite ministerial meeting between India, Myanmar and Bangladesh held in Yangon in January 2005 agreed to import natural gas through a pipeline from Myanmar via Bangladesh. Gas was to be brought from the newly explored fields in adjoining Rakhine state of Myanmar. It mentioned that the ‘government of Myanmar agrees to export natural gas […]

Strong growth to continue in Myanmar’s garment industry

Myanmar is expected to continue displaying high growth potential in garment manufacturing, according to London-based research agency Fitch Solutions. Fitch Solutions Country Risk and Industry Research on July 14 predicted that Asia, consisting mainly of Vietnam, Bangladesh, Cambodia and Myanmar, would remain the dominant players in textile manufacturing in the region. The positive outlook is […]

As China pushes for BRI, why Myanmar is coming close to India

China is taking a dangerous path in its attempts to make the Belt and Road Initiative (BRI) successful. The dragon is forcing the projects down the throat of its partners and Myanmar is one such example, a country that now regrets its contract with Beijing. Also read | Will China’s bad loan crisis lead to […]

Myanmar traders lament tough border trade with China

Myanmar border traders are still complaining about the difficulties they face in doing business with China despite recent government efforts to facilitate the process.Only 13 trucks are able to pass through the Myanmar gates through to China to deliver their goods every day. U Min Thein, deputy chairman of a rice trading center in the […]

Myanmar Pulls Swiss Firm to Scrutinize China’s BRI Project

YANGON—The Myanmar government says it is receiving help from a Swiss company to scrutinize a China-backed study on Beijing’s ambitious railway project to connect Mandalay with Kunming, the capital of Yunnan Province in southwestern China. At a press conference in Naypyitaw on Wednesday, Myanma Railways Managing Director U Ba Myint said the Swiss company has […]

Myanmar COVID-19 Recovery Plan Won’t Favor China’s BRI Projects, Official Says

YANGON—When Myanmar announced its seven-point economic relief plan to mitigate the economic impact of COVID-19 in late April, one item immediately raised eyebrows among China analysts in the country. The initiative’s third main objective is stated as “Easing the Impacts on Laborers and Workers”, and one of the ways the government intends to achieve this […]

Xi Hopeful on Belt and Road Projects in Myanmar During COVID-19

YANGON—Chinese President Xi Jinping expressed hope that Myanmar will speed up cooperation with China to implement its ambitious infrastructure projects in the country during a recent call with Myanmar President U Win Myint. In the phone conversation on Wednesday, Xi said that he is expecting the two sides will cooperate closely and speed up the […]