Kyaukphyu SEZ Project Awarded to China for Lack of Options, Ex-Minister Says

NAYPYITAW—Myanmar’s government did not want Chinese investment in the deep-sea port and special economic zone (SEZ) projects in Rakhine State’s Kyaukphyu, said U Kan Zaw, who served as minister for national planning and economic development under U Thein Sein’s administration. The previous government expected investment from the US and EU in the two projects, U […]

Why Myanmar is concerned about Chinese investment

I write in response to an article published here by an assistant fellow at the One Belt-One Road Strategy Institute of Tsinghua University. In my opinion, the article misread the true situation in Myanmar and might unintentionally jeopardize the reform agenda of the National League for Democracy (NLD) government, particularly in regard to economic development […]

Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion

Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]

Myanmar shouldn’t write off China without understanding her neighbour

An old Chinese proverb goes like this: “Three men make a tiger.” It means that if an unfounded premise is repeated many times, the premise will be accepted as the truth. Once this “tiger” is invented, it would be extremely difficult to dispel it from people’s minds, especially when we are living in a post-truth […]

Davos 2018: China’s economic shift and implications for Myanmar

Myanmar will capture Chinese investment as Beijing prioritises poverty alleviation and development in Yunnan AS the fight against poverty takes centre stage in Beijing’s economic policy, Yunnan and Myanmar will remain a priority for Chinese investment, while China’s fast-growing middle-income population, especially those in the southwest, presents a crucial market for Myanmar’s growth-oriented businesses as well […]

Mya Khwa Nyo Housing Project to be built under Chinese investment

YANGON- Myanmar will be implementing Mya Khwa Nyo Housing project which cost over US$ 70 million joining hand with the Chinese investment, according to the press conference organized by Myanmar Investment Commission held on January 19th. The project will be built on over 3-acre wide land plot in Tharkayta Township, Yangon Region. “It is China- […]

China Eyes Mon State Investment

MAWLAMYINE, Mon State — Chinese Ambassador to Myanmar Hong Liang indicated his country is considering investment in Mon State during a meeting with the state government on Friday. According to the Chinese ambassador, investors are interested in rubber products manufacturing, fruit cultivation and the tourism sector, said Mon State minister for natural resources and environmental […]

Kaladan woes reflect frustrated Indian vision for Myanmar and Southeast Asia

India’s ambitions to establish a foothold in Myanmar and strengthen ties with Southeast Asia risk being jeopardised by the ongoing Kaladan project. This ambitious venture exposes India’s overseas infrastructure failings, and thus its inability to push rival China aside. Long deterred by Myanmar’s status as a military dictatorship, India has only relatively recently built substantial […]

US$400 million Chinese investment proposed for 33 agricultural extension centers

Myanmar’s Agribusiness Public Corporation (MAPCO), the Myanmar Rice Federation (MRF) and the China CITIC Construction Group submitted a US$400 million proposal to Myanmar Investment Commission (MIC) to construct the 33 agribusiness service centers in states and regions. “We will construct the 33 agribusiness service centers as soon as possible,” said Dr. Soe Tun, the MRF […]

Why India Isn’t Really ‘Acting East’ in Myanmar

As an ascendant economic and political power, India has long been eager to assert its influence on the global stage, particularly in neighboring Southeast Asia. India’s intentions for foreign engagement are best articulated in its so-called Act East policy, an ambitious effort to elevate Indian influence via economic and strategic links with the subregion. Central […]