China’s plans for Myanmar town hold few local opportunities

KYAUKPYU, Myanmar (AP) — China’s plan for its foothold on the Bay of Bengal, on Myanmar’s western coast in restive Rakhine state, includes an industrial zone, oil refinery and deep-water port that could transform a sleepy, remote town of 30,000 into a thriving business hub. The plan for Kyaukpyu is central to Beijing’s ambitions in […]

After decades of decay, Myanmar bets on Thilawa to lead industry boom

From the banks of the Yangon River rises Myanmar’s great economic hope, a $1.5 billion manufacturing complex designed to lure investment and help the impoverished country compete in the global marketplace. The first phase of the 2,400-hectare (5900-acre) Thilawa Special Economic Zone (SEZ), an hour from the commercial capital Yangon, is only months away from […]

Myanmar pipeline project gives China pause for thought

China National Petroleum Corporation (CNPC) on June 4 announced the completion of its Sino-Myanmar gas pipeline project (Myanmar section), signaling that it is ready to enter trial production. The oil pipeline between the two countries is currently 94 percent complete. As China’s fourth largest strategic energy import channel, the China-Myanmar Oil and Gas Pipeline Project, […]