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Sino-Myanmar border trade falls by $562 mln in Q1

The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]

MFVP pushes opening of more fruit export channels

The Myanmar Fruit, Flower, and Vegetable Producers and Exporters Association (MFVP) suggested three measures to expand the watermelon market and control market prices at the 22nd regular meeting of Vice President 1 and entrepreneurs. The suggestions were put forward by MFVP vice president U Myint Sein at the meeting held recently at the UMFCCI office. […]

Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

China Faces Increasing Competition in Myanmar

Chinese domination of Myanmar can not be denied, as China is Myanmar’s top trading partner, and over the past three decades has also emerged as the single largest source of foreign direct investment (FDI) in the southeast Asian state. Myanmar-China bilateral trade had already reached $5.5 billion in the first half of the present fiscal […]

India to help modernise Myanmar Army and Navy to broad-base defence partnership

NEW DELHI: In what could be described as a major initiative in the field of military diplomacy India on Thursday decided to assist modernisation of Myanmar’s Army and Navy to upgrade military to military cooperation to the next level, nearly a month after joint operations targeted insurgents along 1640-km-long land boundary. The decision to expand […]

Chinese Investment in Myanmar: Lessons and Opportunities

In April 2013 China’s newly appointed ambassador to Myanmar Yang Houlan officially encouraged increased corporate investment from Chinese corporations into Myanmar, which he feels will yield mutual benefit. However, the reality is that China has cut its investment in Myanmar since the $3.6 billion Myitsone dam project was halted last September because of domestic opposition. […]

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, […]