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Kachin State Inks Border Business Park Deal With China-Myanmar Joint Venture

YANGON—The Kachin State government has signed a memorandum of understanding (MOU) with a Chinese-backed company to develop a business park project in Kanpiketi, a border town in northern Myanmar, as part of Beijing’s ambitious grand infrastructure plan, the Belt and Road Initiative (BRI). On Wednesday, the MOU was signed by the state government and Myanmar […]

Kachin State Approves Chinese-Backed Business Park in Border Town

YANGON—The Kachin State parliament approved a proposal on Thursday to implement a Chinese-backed business park project in the border town of Kanpiketi, a part of Beijing’s grand infrastructure plans for its Belt and Road Initiative (BRI). Proposed in 2018, the Kanpiketi Business Park will cover nearly 70 acres in the border town in northern Kachin […]

Kachin to focus on three sectors to boost economy

Kachin State officials will set a policy to prioritise three sectors for sustainable economic development in the state, business officials have revealed to The Myanmar Times. U Hkyet Hting Nan, chair of the Kachin Entrepreneurs Association (KEA) said agriculture and livestock, hotels and eco-tourism, and natural resources and finished products will be the focus of […]

Tourism key to Kachin growth, but transport infrastructure is lacking

At the very first investment seminar held in Kachin State last week, the government and local ethnic businesses agreed to focus on developing tourism and other sectors of the Kachin economy to reduce its reliance on mining. Kachin’s economy contributes just 1.9 percent to Myanmar’s GDP, most of which comes from the mining sector. “Kachin […]

More has to be done to formalise business sector in Kachin: officials

There are only 19 large companies and just 1707 registered small and medium-sized businesses in Kachin State observing the stipulations of the Myanmar Investment Law 2016 , a government official said. Permanent Secretary of the Ministry of Investment and Foreign Economic Relations U Aung Naing Oo revealed this during Kachin Economic Forum held in Myitkyina, […]

Renewed conflict in Myanmar slows China’s belt and road projects

A recent decision by the Myanmar military, or Tatmadaw, not to extend a cease-fire aimed at ethnic armed organizations excluded from a nationwide peace agreement puts the country’s Belt and Road projects in further limbo. Multiple projects have already been halted, including the key Myitsone dam hydropower project in in Myanmar’s northernmost state of Kachin. […]

Phakant jade mining temporarily put on hold

A temporary halt in jade mining, extracting and production in Phakant —a lucrative mining area in Kachin State— thanks to inadequate regulation and weather conditions. The Myanmar Gems Enterprise issued a directive banning jade mining and extraction in response to recent disasters. The statement points out recent collapses and landslides resulting in deaths and damages […]

Master plan prepared for Chinese-backed Kachin economic zone: state minister

YANGON—A Kachin State minister said a master plan for a planned, Chinese-backed, model economic zone along the China-Myanmar Economic Corridor has been prepared, and the Myanmar government is engaged in deep discussions with the company for the project’s implementation to avoid further challenges. The Kachin State government and the Yunnan Tengchong Heng Yong Investment Company […]

Kachin Gov’t Set to Reject Mongolian Mining Proposal

YANGON—The Kachin State government has decided to shelve a Mongolian company’s proposal to conduct a feasibility study on the extraction of gold and other minerals in Myanmar’s largest national conservation area, a sanctuary nearly triple the size of Singapore in Kachin’s northernmost township, due to serious environmental concerns. The project was proposed by Inner Mongolia […]

Kachin residents urge govt to stop quarrying on island

Kachin residents have urged the government to stop large-scale gold mining and sand quarrying on an island in the Ayeyarwady River, as the activities could harm the environment and the livelihoods of villagers. More than 600 residents from several villages in the state capital, Myitkyina, and Waingmaw township, sent a letter to the state government […]