China, Myanmar sign MoU on feasibility study of Mandalay-Kyaukphyu railway

China and Myanmar signed a memorandum of understanding (MoU) on Sunday to conduct feasibility study of a railway linking Mandalay, the country’s second largest city in Myanmar’s central region, with Kyaukphyu, the major town in Myanmar’s Rakhine state, according to a release from the Chinese embassy in Myanmar. Speaking at the signing ceremony, Chinese Ambassador […]

CORRECTED-Senior Chinese diplomat Wang Yi visits Myanmar in SE Asia tour, promises vaccines

YANGON, Jan 11 (Reuters) – Chinese Foreign Minister Wang Yi discussed closer cooperation with Myanmar and promised vaccines against COVID-19, state-run television said on Monday, after he arrived on the first stop of a five-day tour of Southeast Asia. Wang met President Win Myint and Aung San Suu Kyi, the de facto head of the […]

KBZ Bank joins Myanmar’s interbank transfer system

KBZ Bank account holders will be able to transfer money to other banks in Myanmar after the bank launched its digital interbank transfer system on December 15. “Digital money transfer can now be done easily and safely between local banks,” said KBZ deputy managing director Mr Robin Chua. Users can transfer a maximum of K […]

COVID-19 has allowed us to look at new business models: YGA Capital’s Ko Ko

The National League of Democracy’s resounding victory in Myanmar’s national elections this month, ensuring that Aung San Suu Kyi serves a second five-year term, is set to stimulate stronger investor confidence in the country. While deals are set to pick up in key sectors such as infrastructure, healthcare, and education, the country offers opportunities in […]

Myanmar replies to Japan’s offer for cooperation in Dawei SEZ

Myanmar welcomes Japan’s offer to invest in the Dawei Special Economic Zone project in Tanintharyi Region, according to the Dawei SEZ Management Committee. An official reply from the Ministry of Foreign Affairs has been sent to Japan. Japan on November 5 offered to invest in the long delayed Dawei SEZ, expected to be Southeast Asia’s […]

Japan offers to participate in Dawei SEZ development

Japan has made an official offer to participate in the development of the Dawei Special Economic Zone (SEZ), said U Myint San, Vice Chair of the SEZ management committee. “The Japanese government has made a proposal after we invited them to participate in the project on a government-to-government (G2G) level on November 5. They’ve sent […]

With an eye on China, India gifts submarine to Myanmar

NEW DELHI/YANGON — Taking their bilateral defense cooperation to new heights, India is giving a Soviet-era Kilo-class submarine to Myanmar, a move that many analysts see as an attempt by New Delhi to counter China’s clout in the region. The diesel-electric submarine, the INS Sindhuvir, which was commissioned to the Indian Navy in 1988, has […]

Mandalay’s business ‘match-making’ service gains traction

The Mandalay Region Chamber of Commerce and Industry’s effort to help foreign investors link up with local companies for possible cooperation is generating many enquiries, said U Okkar Kyaw, the group’s secretary. Many of the inquiries to the project, which was initiated at the end of January, concerned investment cooperation, he said. The chamber also […]

Myanmar gas deal to benefit Thailand

A new cooperation deal between the Myanmar government and private energy company, MPRL E&P, will bring good news for Thailand’s power generation sector, Myanmar’s Ministry of Electricity and Energy said in a statement on Monday. The statement was issued after MPRL E&P, a Myanmar-based independent energy company, successfully concluded negotiations with Yangon on two key […]

Myanmar: A New Pattern of China-Japan Interactions?

If Japan and China focus on different rail systems in Myanmar, can their division of labor create a new pattern for cooperation? Myanmar Railways (MR) has been variously criticized for its low efficiency and increasing costs. Solutions are needed. Since the country’s independence, the British colonial era meter gauge rail system has not been modernized […]