fbpx

Myanmar to collaborate with Hong Kong on BRI projects

Myanmar is set to cooperate with Hong Kong in addition to other countries along China’s Belt and Road Initiative, announced Minister of Investment and Foreign Economic Relations U Thaung Tun during the Fourth Belt and Road Summit 2019 in Hong Kong on September 11 and 12. The summit was organised by the government of Hong […]

Plan for Mandalay terminal worries bus owners

Bus operators have expressed reservations about the final design of the Chan Mya Shwe Pyi (Kywel Sel Kan) bus terminal in Mandalay, which is touted as one of the most modern in the country. The final design of the upgrade was submitted last month to the Mandalay City Development Committee (MCDC) by M-Development Corporation Co […]

China hardsells big ticket but low on trust, India’s soft power push in Myanmar education and health

As Delhi seeks to expand its engagement with Myanmar, it is in sectors such as education, health and entertainment services that India hopes to make an impact in a country crowded with several international players, and completely dominated by China. In a state-of-the art classroom at the steel and glass Myanmar Institute of Information Technology […]

Will Myanmar become a conduit for Iranian crude into China?

On June 1, sometime between the US withdrawal from the JCPOA in early May, and its demand in late June that Asian buyers fully halt Iranian oil purchases, PetroChina snuck in a shipment of Iranian crude through Myanmar to its Yunnan Petrochemical refinery in southern China. On any other route, this would have been just […]

Far from a ‘debt trap’, China’s belt and road allows countries like Myanmar to leapfrog poverty

Andre Wheeler says Western critics overlook the holistic and long-term benefits that China’s multilateral infrastructure investment programme brings to countries like Myanmar. What’s more, they aren’t offering any alternatives A plethora of articles have discussed the risks associated with China’s Belt and Road Initiative. The discussion is often portrayed within a “winners versus losers” framework, […]

Myanmar negotiating with Chinese consortium on deep-sea port project in western state

YANGON, (Xinhua) — Myanmar is negotiating with a Chinese consortium to carry out a strategic deep-sea port in Kyaukphyu, western Rakhine state, as part of the planned special economic zone (SEZ) in the region, according to a report of the official Global New Light of Myanmar Sunday. The negotiation between Myanmar’s Commerce Ministry and the […]

Myanmar likely to open more sectors to FDI

A SURGE in interest among global players following the liberalisation of Myanmar’s education sector to foreign investors has motivated the authorities to continue opening up the economy in other restricted sectors. Thant Sin Lwin, deputy director general at the Directorate of Investment and Company Administration (DICA), said at a press conference on Tuesday that Myanmar […]

Political make-up a bottleneck for Shan economy

The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local chamber of commerce. The state needs political stability and it needs to generate value-added agricultural products in order to grow its economy. Shan […]

Frustration mounts as Kyaukphyu port negotiations stall

Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward. Kyaukphyu is the […]

Proposed port and highway to align Ayeyarwady with Belt and Road

Ayeyarwady may follow Kyaukphyu and Dawei to be the next region in Myanmar to embrace a deep-sea port together with other infrastructure projects, with a feasibility of the scheme currently under progress. U Ye Lin from Myanmar Construction and Development Public Co said that a feasibility study is being carried out jointly with South Korea-based […]