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Chinese companies investing in Myanmar have ‘a lot of work to do’ to convince public

Transparency must be improved and deep concerns addressed, says former presidential adviser Aung Tun Thet. A raft of infrastructure deals have just been signed, including for a strategically important deep-sea port project. Chinese companies need to improve transparency when they invest in Myanmar, a former presidential adviser in the Southeast Asian nation said, after the […]

Japanese firm joins consortium for Yangon station redevelopment

Japan’s Sumitomo Corporation will replace China’s Sino Great Wall Co., which has withdrawn from the project to upgrade Yangon Central Railway Station, managing director U Ba Myint of Myanma Railways told The Irrawaddy. The Yangon Central Railways Station Area Comprehensive Development Project was unveiled in 2015. In February 2016, 15 companies were shortlisted and two […]

Trade war will drive Chinese investment in Asean to US$500 billion by 2035, think tank says

Chinese investment in Asean countries is set to more than triple to US$500 billion by 2035, with the US-China trade war likely to provide a catalyst for the spike, according to a regional think tank. The claim was made in a report published on Thursday by the Asean+3 Macroeconomic Research Office (AMRO), a regional macroeconomic […]

Can Myanmar’s garment sector reach its full potential?

After a United Nations (UN) report this week branded Myanmar’s refugee problem one of the world’s worst humanitarian and human rights crises, David Birnbaum looks at the knock-on impact for the country’s garment export sector. He argues that while Myanmar is one of the few alternatives to China for high value-added, complex and difficult-to-make products, its poor […]

Operators unfazed as Myanmar slows

YOUNG entrepreneurs in Myanmar remain upbeat on the country’s economic outlook despite weakening of the kyat, high inflation and delay to reform. “It is not good if you look at the exchange rate. The kyat is retreating against the US dollar and Thai baht, We are in a unstable period,” May Mon Thu, managing director […]