An ambitious China-backed railway project connecting two economic centers in Myanmar with Kunming, the capital of Yunnan province in southwestern China, will cost almost US$9 billion and final decisions on the specific details of the construction are expected to be made by the end of this year. As a part of the China-Myanmar Economic Corridor […]
MoU on rice exports signed with Yunnan Province government
April 23, 2019 by
The Ministry of Commerce (MOC) and government of Yunnan Province, China, signed a memorandum of understanding on the export of Myanmar rice and other crops to China on April 21. Under the agreement, Myanmar will be able to legally export crops such as rice as well as fisheries to China via the Muse border trade […]
Surveying Begins on Muse-Mandalay Railway
January 15, 2019 by
Ground survey work began Sunday on the Myanmar-China high-speed railway, a project that will link two economic centers in Myanmar with Kunming, the capital of Yunnan province in southwestern China, as part of Beijing’s grand infrastructure plan for the region. “A joint team is working on a study of the railway alignment,” Ministry of Transport […]
IFC report recommends alternatives to high-risk Myitsone
January 3, 2019 by
A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]
Aik Htun: Driver turned Tycoon
December 21, 2018 by
For the owner of a business of any size, integrity is key. This is the principle that has brought U Aik Htun, one of the richest businessmen in Myanmar, through ups and downs. “The biggest secret of success is honesty and integrity,” said U Aik Htun, chair of conglomerate Shwe Taung Group, speaking in fluent […]
China port pact in focus as President visits Myanmar
December 11, 2018 by
President Ram Nath Kovind’s first visit to Myanmar starting on Monday will be an occasion to build upon the strong bilateral relationship with India’s biggest link with the Asean region. However, with Myanmar signing the Kyaukpyu port project with China in November, officials in India are concerned that this port could become a greater security […]
Beijing Urges Gov’t to Get Ball Rolling on China-Myanmar Economic Corridor
December 4, 2018 by
The vice chairman of China’s top economic planning agency has pushed Myanmar’s State Counselor to work out an implementation plan for the China-Myanmar Economic Corridor, a part of Beijing’s Belt and Road Initiative (BRI). China National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe held talks with State Counselor Daw Aung San Suu Kyi […]
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