Myanmar eyes China’s trade plan for much-needed infrastructure, as crisis in Rakhine goes on

Minister for Construction U Win Khaing told the Asean and Asia Forum in Singapore on Thursday that his country needed to improve its infrastructure quickly to cope with the mass internal migration to its cities. The government had been in contact with various potential partners, including China and Japan, promoting Myanmar as a hub to […]

Belt and Road, Kaladan and the future of Rakhine’s economy

THE economy in the resource-rich Rakhine State is throttled by the crisis as well as the accompanying international backlash, dashing any hope of massive foreign investment in the near future. In the meantime, local communities in Kyaukphyu have demanded the stake ratio of the proposed Kyaukphyu port to be restructured so as to allow a […]

Proposed port and highway to align Ayeyarwady with Belt and Road

Ayeyarwady may follow Kyaukphyu and Dawei to be the next region in Myanmar to embrace a deep-sea port together with other infrastructure projects, with a feasibility of the scheme currently under progress. U Ye Lin from Myanmar Construction and Development Public Co said that a feasibility study is being carried out jointly with South Korea-based […]

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 […]

Why Myanmar is important to Japan

From the Thilawa Special Economic Zone (SEZ) to a large-scale mixed development project just opposite Shwedagon Pagoda in the heart of Yangon City, Japan’s presence in Myanmar is growing fast. Since 2012, its combined investments in Thilawa and that approved by the Myanmar Investment Commission (MIC) have risen by 6.3 times, to US$341 million in […]

Myanmar moves forward

The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]

Groups demand compensation for impact of Myanmar-China pipeline

Fourteen findings of environmental impact along the Myanmar-China oil and gas pipeline and seven demands by Pyin Oo Lwin farmers in Mandalay have been released and will be submitted to the government. The findings and demands were released by a workshop held in Pyin Oo Lwin on July 6 by the Sein Lan Pyin Oo […]

Belt and Road is not the only game in town

Belt and Road is not the only game in town for Myanmar. Without doubt, the scheme is important and relevant; nonetheless, it is just part of the opportunities Myanmar has access to. The government, businesses and other stakeholders should act decisively to seize the opportunities, within and beyond the Belt and Road. In the past, […]

Left behind in race by China, India tries to speed up Myanmar projects

NEW DELHI: Having missed several deadlines, and with China taking big strides, India is trying hard to speed up its infrastructure commitments in Myanmar. India’s tardiness in project implementation has marred its reputation, even though India has extended over $1.75 billion in grants and credit to Myanmar. Indian envoy to Myanmar Vikram Misri said India […]

Gas-fired plant in Mandalay to operate with BOT agreement

The biggest gas-fired power plant, with a capacity of 225 megawatts, will start operations in December this year in the Taungtha and Myingyan district in Mandalay Region, a senior official from the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. The project, which is estimated to involve US$300 million (K410.18 billion) investment, is […]