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China faces backlash as it bids to rekindle stalled US$3.6 billion Myitsone Dam project

Political and religious leaders in Myanmar’s Kachin state have hit back at apparent efforts by Beijing to breathe new life into a controversial China-funded dam project as the Southeast Asian nation comes under fire from the West over its treatment of the Rohingya Muslims. In a joint statement released on Monday, three ethnic Kachin political […]

China hardsells big ticket but low on trust, India’s soft power push in Myanmar education and health

As Delhi seeks to expand its engagement with Myanmar, it is in sectors such as education, health and entertainment services that India hopes to make an impact in a country crowded with several international players, and completely dominated by China. In a state-of-the art classroom at the steel and glass Myanmar Institute of Information Technology […]

There’s no Chinese ‘debt trap’, says Myanmar minister, as government pushes for joint port project to go ahead

Thaung Tun insists his government is keen to press on with deep water project after reports it was negotiating to keep costs down He dismissed the fear of a “debt trap”, saying he was confident it would be a “win-win” deal. “We would like to see this project get off the ground,” Thaung Tun, who […]

Myanmar reviews $9bn China-backed port project on cost concerns

Myanmar’s government is reviewing a $9bn deepwater port project backed by China over concerns it is too expensive and could ultimately fall under Beijing’s control if Myanmar were to default on its debt. Two people with direct knowledge of the discussions within Aung San Suu Kyi’s government said that economic officials were looking for ways […]

China says will keep talking to Myanmar over stalled dam scheme

BEIJING: China said on Wednesday it will continue to talk to Myanmar about a controversial stalled dam project, after Myanmar’s new energy minister cast doubt over the scheme. Valued at US$3.6 billion, the Myitsone dam project in the north of the former Burma has been a sticking point between the two countries since the previous […]

Big dams can wait, Myanmar overhauls energy strategy

NAYPYITAW (Reuters) – Big hydropower dams are not a priority in Myanmar’s strategy to tackle chronic power shortages, the country’s new energy minister said in an interview that cast doubt over a controversial China-backed project in the country’s north. Already the construction minister, Win Khaing has overhauled the poor Southeast Asian country’s power strategy since […]

China’s latest Myanmar megaproject courts controversy

Nearly two years ago, Myanmar chose a Chinese consortium led by the state-run Citic to develop a $10 billion port and industrial park that could turn into the country’s largest foreign investment. With Beijing pledging to create 100,000 jobs and transform a poor region, the Kyaukpyu port plan potentially represents a huge win for Myanmar. […]

Chinese investors explore Myanmar market with caution

The delegation, organized by China’s Council for Promoting South-South Cooperation, is made up of representatives from 22 companies engaged in businesses such as infrastructure construction, banking, and hydro-power equipment manufacturing. Wang Xuefei with the Zhejiang Communications Construction Group is among the 30 plus business people of the delegation. “We don’t have any projects under construction […]

The Key to Jumpstarting Myanmar’s Economy: Electricity

It’s no secret that the National League for Democracy (NLD) faces myriad challenges in improving Myanmar’s socioeconomic situation. In fact, its biggest challenge might be deciding which issues to address first. Led by Nobel Laureate Aung San Suu Kyi, the NLD has made the peace process, which is aimed at ending decades of strife between the […]

Developer quietly terminates project near Shwedagon

Marga Landmark has agreed to follow the government’s order to terminate the project Dagon City 1 luxury development. “While everything we have done is proper, legal and for the best interest of our customers and the public, we respect the public sentiment, particularly that of the Sangha members, and we are working with the government […]