fbpx

Engage to overcome Myanmar bias against Chinese investments

There is an “implicit bias against Chinese investments” in Myanmar, a report from the International Growth Centre argued, attributing the prejudice to the legacy of earlier Chinese projects in the country, including Myitsone Dam and Letpadaung Copper Mine. The way for Chinese firms to repair the tainted brand is to directly engage the affected communities […]

How China gets what it wants in Myanmar

As Myanmar prepares for yet another round of peace talks with ethnic armed groups, all eyes are on China. With all the Western outfits involved in Myanmar’s peace process effectively sidelined, China has emerged as the only outside force that matters due to its substantial leverage over both insurgents and the government. Unlike Western interlocutors, […]

State gets US$20 Million in Profit in Eight Months From Letpadaung Copper Mine

​​ The Union Ministry of Natural Resources and Environment Conservation Minister Ohn Win said that the profit received by the State within eight months from Letpadaung copper mine which is owned and jointly operated by Myanmar Economic Holdings Ltd (MEHL). and China’s Wanbao Company was about US$ 20 million. “The State’s share of 23,266.504 metric […]

Despite Myanmar dam blockage, China confident about ties with Suu Kyi government

Beijing is seeking to overcome blockages with a controversial Chinese-invested dam in Myanmar, Foreign Minister Wang Yi said on Tuesday. Outgoing Myanmese President Thein Sein put the US$3.6 billion Myitsone dam on hold in 2011, citing public opposition. But residents and environmental groups have said CPI, the Chinese company behind the project, has tried to […]

Letpudaung Mine protest turns deadly

Opposition party leader Aung San Suu Kyi on Wednesday said failure by authorities to implement the recommendations of a commission that reviewed a controversial copper mine project in northwestern Myanmar had led to a deadly clash at the site earlier this week between protesters and police. A local official on Wednesday also announced a formal […]

China Wanbao – building trust

Through a combination of land compensation and corporate social responsibility activities, the operator of one of China’s largest investments in Myanmar hopes to recommence operations after a year’s delays and wrangling. Dong Yunfei, a manager at the Yangon branch of Wanbao Mining, the Chinese State-owned company that operates the Letpadaung copper mine, wrote in an […]

Chin urge transparency on Mwe Taung mining project

Chin political parties and residents are calling for transparency over a Chinese-backed project, with some warning that the project could lead to a repeat of the unrest seen at the Letpadaung copper mine. Geological studies of the Mwe Taung Phar Taung area – on the border of Chin State’s Tiddim township and Sagaing Region’s Kale […]

Drop in Chinese Investment Could Hurt Myanmar Economy, Reform: US Report

Chinese investment in Burma has sharply declined since President Thein Sein’s reformist government took over from the military junta in 2011, says a US-based think tank. It warns that this fall in investment could hurt Burma’s economic development and the success of its nascent democratic reforms. Burmese public opposition against China’s Myitsone Dam and the […]

60% of Investment Already Paid for Suspended Myitsone Dam: Chinese Developer

The Chinese backer of the Myitsone dam project says more than half the funds to construct the multi-billion-dollar project have already been paid to Burma, although the project was suspended last year. Sixty percent of a total $3.6 billion in investment to build the controversial hydropower dam project in Kachin State has been paid, according […]

Myanmar military backed MecTel To Compete With Telenor And Ooredoo

Ooredoo and Telenor, two foreign companies that won the lucrative telecom licenses in Myanmar, may face tough competition from a little-discussed domestic Myanmar company jointly owned by the army-backed Myanmar Economic Corporation (MEC) and the state-backed Myanmar Posts and Telecommunication (MPT). “It is planned to grant licenses to two local operators — Myanmar Posts and […]