China and Japan in Myanmar

Since 2015, Myanmar has been heading toward a market approach. There is also huge potential for the country to upgrade its structure with China, and also within the rest of the country. Things have been moving in the right direction. China and Japan have been assisting Myanmar’s Government despite the Rohingya crisis Myanmar is a […]

Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

China clinches multi-billion-dollar strategic port deal with Myanmar

China has clinched a multi-billion-dollar deal to build a port + at a strategic town along the coast of the Bay of Bengal in Myanmar, its third project in India’s neighbourhood after Sri Lanka and Pakistan. China and Myanmar signed an agreement on Thursday to build the deep sea port project in Kyaukpyu town after […]

Framework for Kyaukphyu Port to be signed next week

The Myanmar government and China-based CITIC Group will sign a framework agreement for the construction of the Kyaukphyu Deep Sea Port project in Rakhine State next week, said U Aung Htoo, deputy minister of commerce. “It was agreed that for the first phase, the deep sea port will be implemented with US$1.3 billion (K2.4 trillion) […]

An overview of the $9bn China-backed proposal for Myanmar’s Kyaukpyu port

In 2015, China’s state-owned investment giant CITIC Group won a tender to build a massive port at Kyaukpyu, a town in the west of Myanmar. The $9bn agreement was struck on the basis of CITIC assuming a 70% share, with the Myanmar government and local operators receiving the remaining 30%. Three years on, however, and […]

Myanmar reviews $9bn China-backed port project on cost concerns

Myanmar’s government is reviewing a $9bn deepwater port project backed by China over concerns it is too expensive and could ultimately fall under Beijing’s control if Myanmar were to default on its debt. Two people with direct knowledge of the discussions within Aung San Suu Kyi’s government said that economic officials were looking for ways […]

China’s $7.5 Billion Myanmar Port ‘Crazy,’ Suu Kyi Adviser Says

The $7.5 billion price tag for a Chinese-built deep-sea port in the Myanmar town of Kyaukpyu was “crazy” and “absurd,” according to a key adviser to Myanmar’s leader Aung San Suu Kyi. China’s CITIC Group, which won a tender to build the port three years ago, has valued the port and an accompanying special economic […]

Myanmar’s evolving maritime security landscape

Myanmar links South and Southeast Asia and lies on maritime shipping routes from the Indian and Pacific Oceans.A key pillar of its national development agenda is establishing an efficient and integrated transport system to become Asia’s newest maritime hub. Recent political and economic reforms have already had significant impact on national trade flows. According to […]

China agrees to 70% share in Kyaukphyu sea port

China has agreed to take a 70 percent stake in a strategically important sea port in Burma, at the lower end of a proposed range amid local concerns about Beijing’s growing economic clout in the country, a senior government official said. Oo Maung, vice chairman of a government-led committee overseeing the project, said Burma had […]

Itochu, Lippo Team up to Run Southeast Asian Hospitals

TOKYO — Itochu will join hands with Indonesian conglomerate Lippo Group to operate hospitals in Southeast Asia, aiming to capitalize on the region’s growing demand for advanced medical services offered by the private sector. The Japanese trading house has entered a business partnership with Lippo Karawaci, Indonesia’s largest hospital operator, to set up a Singaporean joint venture this […]