Yangon’s growing trade demands deeper port to ease logistics woes

A DEEP-SEA port with access to the commercial capital should be built to cater for significant volume increase in trade if Myanmar aspires to develop into a competitive import-export economy, logistics businesses from the European and Japanese chambers told The Myanmar Times. European logistics businesses have called for a deeper port to be constructed in […]

Myanmar’s bargaining power rises along the Belt and Road

AS Hong Kong’s second Belt and Road Summit started today in the city The Myanmar Times asked two experts from The Economist Intelligence Unit and Lau China Institute at King’s College, London for their input regarding the dynamics of the Belt and Road Initiative (BRI) and China in relation to Myanmar and ASEAN. Much of […]

US has opportunity to solve Myanmar’s energy dilemma

Unable to meet soaring domestic demand for energy, Myanmar’s government is said to have entered preliminary discussions over a deal to buy electricity from China. At the beginning of this month, sources close to the talks told Reuters that three state-owned Chinese companies had submitted proposals outlining how they could help Myanmar fill its widening […]

Fuel Importers Submit Proposal for Deep-Sea Port in Yangon

Representatives of the oil and gas in­dustry have sub­mitted a business propos­al to the government to a build a deep-sea port near Yangon. “We are studying the potential logistics and feasibility of a deep-sea port project 20 miles from Yangon to reduce transportation costs for maritime trade and fuel imports,” Dr Win Myint, Secretary of […]

Thailand to sign first phase of Dawei Industrial Zone next week

Thailand will sign a US$1.7 billion deal to develop the first phase of the long-delayed Dawei Industrial Zone in southeastern Myanmar next week, Thailand’s secretary-general of the state planning agency said on Wednesday according to a report by Reuters on 29 July. The project is arguably Southeast Asia’s most ambitious industrial zone – a 250-sq-km […]

Dawei SEZ finally gets green light in Tokyo

Thailand, Japan and Burma on Saturday effectively launched the US$50 billion Dawei special economic zone by signing an agreement in Tokyo that will have a deep impact on trade and investment in Southeast Asia. Thai Prime Minister Prayut Chan-o-cha and Japanese Prime Minister Shinzo Abe both said the signing of the tripartite pact will boost […]

Madae Islanders to Protest Inauguration of Kyaukphyu Pipeline

CHIANG MAI, Thailand — The oil pipeline linking the Rakhine State port of Kyaukphyu and China will commence operations on Jan. 30, with local residents planning a demonstration against land seizures and environmental damage at the project’s official inauguration. Locals said a large contingent of police had been deployed on the island ahead of the […]

Oil Pipeline Through Myanmar to China Expected to Open in January

BEIJING / YANGON — A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources said. The finished development should help ease China’s reliance […]

Myanmar, Thailand look to jump-start Dawei SEZ

Officials from Myanmar and Thailand will meet next month to approve the framework of the initial phase of the delayed Dawei development project. Arkhom Termpitayapaisith, secretary-general of Thailand’s National Economic and Social Development Board, said the two countries had already set up policy committees to oversee the scheme. Deputy Prime Minister MR Pridiyathorn Devakula will […]

U Thin Sein Pushes Economic Ties, Dawei Support

President U Thein Sein looked to strengthen business ties with regional economic heavyweights at the 25th ASEAN Summit, including pushing for international support for an ambitious Dawei special economic zone plan. The president discussed promoting measures for economic growth with his Japanese, Indian and Indonesian counterparts on the sidelines of the event, which was held […]