Gov’t Spells Out Conditions for Signing BRI Deals with China

A senior Myanmar official revealed that the government has drawn up a set of conditions for signing memorandums of understanding (MOUs) related to Beijing’s grand infrastructure projects in the country in order to avoid falling into a “debt trap” with China and to ensure the projects benefit both countries. The conditions include acquiring international financing […]

Govt, investors must give and take for more oil and gas profit: expert

Prospects in the Myanmar oil and gas sector are expected to improve this year, with the government planning to hold its first international exploration and production tender since 2015 next month. On February 22, the Ministry of Electricity and Energy (MOEE) announced that it will be holding international tenders for 18 onshore and 15 offshore […]

Lobby petitions Japanese investors over Dawei

With the Japan-ASEAN summit approaching, a local rights group is calling on Japanese investors to back away from the controversial Dawei Special Economic Zone (SEZ) until international best practices for compensation and environmental protection are established. The government last month suspended all work on the multi-billion dollar SEZ until it can undergo a due diligence […]

Myanmar turns to Japan, Thailand to kick-start stalled Dawei

(Reuters) – Myanmar is set to wrest control of its Dawei industrial complex from Thai company Italian Thai Development over its failure to attract investors to a strategically located, multi-billion dollar project tipped as a game-changer for regional trade. According to two sources involved in the Dawei Special Economic Zone (SEZ), plans have been overhauled […]