fbpx

Chinese companies investing in Myanmar have ‘a lot of work to do’ to convince public

Transparency must be improved and deep concerns addressed, says former presidential adviser Aung Tun Thet. A raft of infrastructure deals have just been signed, including for a strategically important deep-sea port project. Chinese companies need to improve transparency when they invest in Myanmar, a former presidential adviser in the Southeast Asian nation said, after the […]

Myanmar hopes to be the next Asian winner of US-China trade war as Vietnam nears capacity

Vietnam pulled ahead in the race to lure producers, but other neighbours including Thailand and Indonesia are stepping up efforts to attract them One advantage for Myanmar – where about one-third of the population lives in poverty – is that Europe and the US offer preferential export terms Myanmar expects to attract more investment as […]

Public meeting on Chinese copper mine in Sagaing ends in shouting match

YANGON—The Sagaing regional government’s first public consultation on a Chinese company’s proposal to conduct a mining feasibility study in the Wazeintaung area came to an abrupt end on Wednesday due to resistance from local people. The first public consultation was organized in Yinmarpin Township on Wednesday by Sagaing government officials, and attended by the regional […]

Myanmar energy firm plans $35m investment

DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]

World Bank cuts Myanmar’s growth forecast to 6.2%

The World Bank has revised downwards its forecast for Myanmar’s economic growth by 0.5 percentage points to 6.2 percent in the fiscal year 2018-19. The World Bank East Asia and Pacific economic update released this month downgraded Myanmar’s GDP growth projections from the previous forecast, saying seasonal floods, rising cost, inflationary pressures and the Rakhine […]

Chinese manufacturers eye Myanmar base as trade war escalates

Myanmar stands to gain from the ongoing trade spat between China and the US, U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA), said yesterday. Interest to set up manufacturing and production facilities in Myanmar among the Chinese has risen ever since the US this month imposed a […]

Internet Use Is On The Rise In Myanmar, But Better Options Are Needed

Myanmar is one of the great internet stories of recent years, with millions of people coming online after decades of being virtually cut off from the rest of the world due to government oppression. In less than a decade, the country’s digital population has soared, with 97% growth in internet users in a single year […]

Suu Kyi’s man in Yangon under fire over transit deal with China

Aung San Suu Kyi’s first major infrastructure project could hardly be more visible – hundreds of new yellow buses now plying the streets of Yangon in what her ruling party hopes will be a potent symbol of how it is transforming peoples’ lives. But two deals to import 2,000 buses from China estimated at more […]

Oil Pipeline Through Myanmar Highlights China’s Growing Import Dependence

Oil began flowing into a crucial pipeline in Myanmar this week, after years of delay. The pipeline, along with a twin natural gas line running along the same route, is an essential element of China’s strategy to diversify its sources of oil supply. When the pipeline reaches maximum capacity, it could account for as much […]

Chinese companies showing interest in Myanmar avocados

A number of Chinese companies have plans to visit Myanmar and meet with local traders to start Importing avocados, according to the Myanmar Fruit and Vegetable Producers Association (MFVP). The MFVP showed such Fruits as avocados, mangoes, Pomelos, watermelons and honeydew Melons as well as Myanmar Thanakhar and tea leaves at a Fruit exhibition which […]