fbpx

Myanmar’s fuel market: from fanfare to standstill

IN JULY 2017, Frontier reported on the longstanding frustration among drivers in Myanmar at the poor quality of fuel sold at local stations. Just a few months earlier, the Myanmar Investment Commission had abolished a requirement that foreign investors in the sector partner with the Ministry of Energy and Electricity. The larger local players were […]

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 […]

Myanmar Signs 3 Agreements at Belt and Road Forum

Myanmar’s government signed two memorandums of understanding (MOUs) and an agreement letter with China at Beijing’s Belt and Road Forum on Thursday, detailing strengthened cooperation between the countries on the China-Myanmar Economic Corridor (CMEC), trade and technology. According to the Ministry of Information, Myanmar State Counselor Daw Aung San Suu Kyi and Prime Minister of […]

Australian Firm Seeks to Reassure Locals on Gas Drilling off Rakhine

YANGON—Australian energy giant Woodside is stepping into war-torn Rakhine State with a plan to begin drilling in two oil-and-gas blocks in the Bay of Bengal. This week the company sought to reassure residents in southern Rakhine State’s Kyaukphyu that there was a need for the projects, citing the potential economic benefits and pledging to minimize […]

Yangon’s ‘new city’ plan raises a billion-dollar question

On January 12, the Chinese embassy in Yangon issued a statement that mentioned the US$.3.6 billion Myitsone dam project, suspended by the government since 2011, in a manner that aroused indignation in political circles and among the public. The statement, issued after a visit to Myitkyina by Chinese ambassador Mr Hong Liang, attributed Hong as […]

Investors could channel up to US$4.9 billion into Rakhine this year

Foreign and domestic companies last week signed 28 expressions of interest (EOI) to conduct business worth a potential US$4.9 billion in the state this year. The bulk of the EOIs were signed by businesses in the hotel and tourism sector, said U Kyaw Aye Thein, Rakhine State Minister of Finance, Revenue, Planning and Economy. “These […]

Selling Rakhine to the World

In the wake of the 2017 Rohingya crisis and ongoing fighting between the military and Arakan Army, the Myanmar government is desperate to attract investors to Rakhine State in hopes that they will help reverse the fortunes of one of the country’s poorest regions. To that end, it invited more than 600 of them to […]

Full steam ahead for China-Myanmar high-speed railway

Once stalled plans to build a high-speed railroad connecting China’s southern city of Kunming and Myanmar’s Kyaukphyu port on the Bay of Bengal are firmly back on track. If completed, the 1,400-kilometer railroad will be a crucial link in a strategic economic corridor through which China’s imports and exports would bypass the congested Malacca Strait […]

Rakhine investment fair can pave way for JVs with foreign investors

The Rakhine State Investment Fair will be held at Ngapali beach in Thandwe, Rakhine Sate for three days from 21 to 23 February. The fair is aimed at generating individual job opportunities, increasing per capita income, regional development and improving the living standard. The following is the interview with Dr Htoo Min Thein, the secretary […]

Rakhine ups efforts to draw investments, hopes for development

Rakhine State will target investments in tourism, fisheries and agriculture at an investment fair that will be held in February in Ngapali, southern Rakhine, Rakhine State Chief Minister U Nyi Pu told the media in Yangon yesterday. With the aim of drawing funds that will be channelled towards the development of the state, the three-day […]