China Beating Japan in War for Economic Influence in Myanmar

While the Japanese foreign minister and State Counselor Daw Aung San Suu Kyi discussed Rakhine’s development in Naypyitaw last week, a Chinese Communist Party provincial secretary met the vice president to discuss increasing investment in agriculture, transport and technology cooperation. It is not the first time China and Japan have been seen directly competing on […]

After Pakistan, China trying to build economic corridor to Myanmar

BEIJING: China and Myanmar are close to signing a deal on the establishment of a China-Myanmar Economic Corridor along the lines of the controversial China-Pakistan Economic Corridor (CPEC). Once launched, the project will unleash a massive inflow of Chinese funds to Myanmar which can further weaken Indian influence over its eastern neighbor. A senior Myanmar […]

Can China-Myanmar Economic Corridor overcome hurdles to progress?

Recently, U Aung Naing Oo, director general of the Directorate of Investment and Company Administration of Myanmar, said that Myanmar and China will soon sign a Memorandum of Understanding (MoU) on building the China-Myanmar Economic Corridor (CMEC), one of the key projects of the Belt and Road initiative (BRI). The two sides reached a 15-point […]

New Chair of Kyaukphyu SEZ Wary of Chinese Loans

YANGON — Myanmar will endeavor to take on no loans from China to complete the Kyaukphyu Special Economic Zone (SEZ) but would offer the developer no sovereign guarantees to mitigate risk if it does, said the project’s new chairman, seeking to allay fears of a debt trap. Sean Turnell, an economic adviser to State Counselor […]

Deputy Finance Minister Named New Chair of Kyaukphyu SEZ

YANGON — Deputy Planning and Finance Minister U Set Aung has been appointed chairman of the Kyaukphyu Special Economic Zone (SEZ) Management Committee amid the government’s ongoing efforts to renegotiate its agreement with the project’s Chinese developer to give Myanmar a larger stake. The appointment took effect on May 8 and was approved by Vice […]

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone Sawako Utsumi and Lee Jay Walker Modern Tokyo Times Increasing numbers of Japanese companies are investing in the Thilawa Special Economic Zone (SEZ) in Myanmar. Of course, this SEZ is especially important for Japan because it highlights the importance of Myanmar to political elites […]

New bridge to resolve Thilawa’s transport nightmare

INVESTORS in Thilawa Special Economic Zone (SEZ) and Thanlyin residents now see the light at the end of the long tunnel, as a new bridge connecting the area with Yangon is scheduled to complete within four years. The new Bago River bridge, expected to become operational in 2021, will be built next to the existing […]

Premchai’s charges add to Myanmar worry over Dawei economic zone

The arrest of Premchai Karnasuta, president of Thailand-based Italian-Thai Development company (ITD) on poaching charges, has caused alarm in Myanmar’s Dawei communities, where the company is developing the of Dawei Special Economic Zone (SEZ), the Myanmar Times online has reported. The news outlet also reported that despite the unprecedented media outcry over the case, it […]

JFE Meranti Myanmar to build $85M steel plant in Thilawa

Japanese steel maker JFE Meranti Myanmar held its ground-breaking ceremony at Zone B of the Thilawa Special Economic Zone (SEZ) to much fanfare last Friday. It is the first to commence operations at Zone B. “This ceremony is a symbol of the development in Myanmar-Japan bilateral cooperation and friendship,” Vice President U Henry Van Thio […]

Dutch animal nutrition firm starts manufacturing in Thilawa

The Netherlands-based producer of animal feed and nutritional service specialist, Trouw Nutrition, opened its first manufacturing unit in Myanmar last week. Trouw Nutrition Myanmar Co was incorporated at Thilawa Special Economic Zone (SEZ) in July 2017. The manufacturing plant, located in Zone A, is expected to start operation in two weeks. Thilawa is the only […]