Myanmar is one of the world’s fastest growing economies, with projected annual growth of 7.8% in gross domestic product for the financial year to March 31 2017, according to the World Bank. Only those who have not spent time with its overwhelmingly young and enthusiastic people — or those unaware of the vast potential of […]
Myanmar braces for 30% drop in foreign investment
March 28, 2017 by
Foreign investment in Myanmar appears poised to plunge roughly 30% for the year ending March 31 amid the absence of new oil and gas projects, highlighting the need for the government to lure other industries with deregulation and firm economic policy plans. Myanmar received about $6 billion in foreign direct investment during the 11 months […]
Myanmar Fishery Export Income Set to Double
March 8, 2017 by
THOUGH MYANMAR’S fishery export income took a dive for three straight years until 2015, industry players hold high hopes to rebound, given the slight increase last year and the potential continuation of growth this fiscal year ending on March 31. In FY2011-12, Myanmar could generate US$705.9 million (Bt24.7 billion) from fishery exports, after dropping […]
The Wartime Supply Road That Became Myanmar’s Thriving Trade Route
October 12, 2016 by
YANGON — As trucks barrel down the well-paved road between Mandalay and the southwest of China, few of the men working on the construction sites lining the road probably realize that it was once a vital wartime supply route. As Myanmar’s overland tradewith China expands, the roadis now being revived as a bustling trade artery between the two countries. In Mandalay, […]
Chinese paper calls opposition to Myanmar dams ‘extreme’
September 23, 2016 by
Opposition to Chinese-invested hydropower schemes in Myanmar is being orchestrated by “extreme” groups in the country and has been extremely damaging to joint investment projects, an influential Chinese newspaper wrote on Monday. The suspension in 2011 of the $3.6-billion Myitsone megadam project by former president Thein Sein remains a sore point between the two countries. […]
In Myanmar, the AIIB Could Buttress China’s ‘One Belt, One Road’ Framework
August 23, 2016 by
The Asian Infrastructure Investment Bank could come to play a greater role in Myanmar. Is the Asian Infrastructure Investment Bank (AIIB) just another vehicle for spreading Chinese geoeconomic primacy throughout the Asia-Pacific? Earlier this year, reflecting on the bank’s first projects, I argued that such fears were overwrought. The AIIB, with modest partnership-based undertakings along with […]
Presidential order reinstates study for proposed 6,000-MW Myitsone hydroelectric project in Myanmar
August 19, 2016 by
According to a presidential order issued Aug. 12 by the Myanmar government, a commission will form to examine the 6,000-MW Myitsone hydropower project proposed for Kachin, Mynamar. Locally published reports indicate when complete, Yunnan China would receive much of the energy from the facility under the project’s original agreement. The order for the commission was signed by […]
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