29 solar power projects now being implemented by the Chinese in Myanmar will be completed in April. The solar power projects are expected to generate more than 1000-megawatts of electricity when complete and be able to distribute power to the national grid, said U Zaw Moe Win, senior engineer at state-owned Electric Power Generation Enterprise. […]
Chinese companies investing in Myanmar have ‘a lot of work to do’ to convince public
February 4, 2020 by
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
November 20, 2019 by
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 […]
World Bank cuts Myanmar’s growth forecast to 6.2%
October 12, 2018 by
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
June 28, 2018 by
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 […]
Oil Pipeline Through Myanmar Highlights China’s Growing Import Dependence
April 22, 2017 by
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 […]
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