fbpx

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 […]

Yangon focuses on creating growth opportunities, raising living standards

The Yangon Regional Government is drawing up a master plan with the aid of the Japanese International Cooperation Agency and Korea International Cooperation Agency to transform Yangon into an economic hub with job and business opportunities for residents and investors, according to a report on the government’s performance by state-owned media yesterday. Topping the list […]

Yangon New City forgotten by most but residents still hopeful

The area of the once and possibly future Yangon New City project has been irrevocably changed following its announcement by Yangon mayor U Hla Myint last September 22. His surprise statement in regional parliament that Yangon would build a multi-billion dollar expansion on 30,000 acres across the Hlaing River from the main city initially set […]

Dala in limbo after speculation rush

The ongoing speculation rush in the Yangon new city area to the west of the existing city is not the city’s first, and likely not its last. Nearby Dala township, across the Yangon River from downtown, experienced a similar speculation boom a year ago. While the latest Yangon new city rush occurred following a surprise […]