fbpx

Japan Competes With China for Myanmar Influence With 800 Billion Yen Aid Deal

Japanese Prime Minister Shinzo Abe and Myanmar’s de facto leader Aung San Suu Kyi. Photo: Kyodo Japan will provide aid worth 800 billion yen (US$7.73 billion) to Myanmar over five years as it competes for regional influence with the country’s biggest trading partner China. Prime Minister Shinzo Abe made the announcement at a joint news […]

As Suu Kyi heads home, solving dam deadlock remains key to improving ties between China and Myanmar

The improvement of ties between China and Myanmar still hinges on a deadlocked dam project despite Aung San Suu Kyi’s largely successful visit to China as Myanmar’s de facto leader, according to diplomatic observers. The suspension of the US$3.6 billion Myitsone project on the Irrawaddy River by Suu Kyi’s predecessor Thein Sein in 2011 plunged […]

China offers $11.5 billions in loans, credit to Southeast Asia

China will offer $11.5 billion (£8.1 billion) in loans and credit lines to five Southeast Asian countries for infrastructure and other projects, Premier Li Keqiang said on Wednesday. In 2014, Li offered $20 billion in loans to Southeast Asia, while visiting Myanmar to attend an East Asian summit, an attractive proposition for a region struggling […]

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 […]

Myanmar anticipates good prospects after opening of AIIB

Myanmar is anticipating good prospects after the opening of China-initiated Asian Infrastructure Investment Bank (AIIB), a finance official said here Thursday. “Our expectation and view on the opening of the AIIB are good and clear, that was why we participated as a founding member. The AIIB is assumed as a dependable bank which supports regional […]

Why the dragon and the democrat have to tango

When a global icon of democracy visits China—not exactly known for its democratic credentials understandably—all heads turn. Precisely so, on the heels of Nobel Peace laureate Aung San Suu Kyi’s maiden visit to China (she leads Myanmar’s National League for Democracy, NLD), her first since she was released from house arrest in 2010. It materialised […]

Energy tops list of China’s deals with Myanmar

BEIJING – China and Myanmar pushed cooperation forward on Friday, introducing an energy liaison committee and signing more than a dozen deals relating to energy, finance, infrastructure and agriculture. The strides were made as China has pressed ahead with its ambitious initiatives to fuel Asian growth by focusing on free trade and connectivity. After some […]