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, Myanmar look into railway project linking Muse to Mandalay
October 30, 2018 by
China and Myanmar are looking into the feasibility of building a railway line from their border to the city of Mandalay, four years after a high-speed project was shelved. Two state-owned companies, China Railway Eryuan Engineering Group and Myanmar Railways, signed an agreement on Monday to begin the study on a proposed rail line from […]
Myanmar throws weight behind Hong Kong as BRI “superconnector”
July 5, 2018 by
Myanmar recognises Hong Kong’s “distinctive role” as the Belt and Road Initiative’s “super connector”, a cabinet minister said last week during an official visit to the city, while businesses urged Nay Pyi Taw to take a more proactive approach in the scheme. Newly appointed chair of the Myanmar Investment Commission (MIC) U Thaung Tun, who […]
China set to build Rakhine port
July 3, 2018 by
Myanmar says it is eager to begin work on a Chinese-backed port and industrial park project in the Rakhine State town of Kyaukpyu with a decision is expected soon. National security adviser Thaung Tun denied the country was in a “debt trap” with Beijing, calling it a “win-win” deal. “We would like to see this […]
China Faces Increasing Competition in Myanmar
November 15, 2017 by
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 […]
Political make-up a bottleneck for Shan economy
October 24, 2017 by
The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local chamber of commerce. The state needs political stability and it needs to generate value-added agricultural products in order to grow its economy. Shan […]
Beyond China: Nation must diversify FDI
October 3, 2017 by
While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]
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