Chinese Foreign Minister Wang Yi has called for more strategic cooperation with Myanmar as the two Asian neighbours come under growing pressure from the West. Wang made the remarks during a meeting with Myanmar’s President Win Myint in the capital Naypyidaw, saying Beijing would back the Southeast Asian nation to resolve its own problems. “China […]
China’s top diplomat Wang Yi says Beijing will back Myanmar to resolve its problems
December 16, 2019 by
Myanmar, China to collaborate on infrastructure, technology
April 30, 2019 by
State Counsellor Daw Aung San Suu Kyi signed two Memorandums of Understanding (MoU) and one agreement with China on April 25, according to the Ministry of Information. The two MoUs and agreement were signed during a meeting between Daw Suu and Chinese Premier Mr. Li Keqiang during the Second Belt and Road Forum for International […]
Yangon’s new city to start bidding process
January 28, 2019 by
The government body in charge of developing the new Yangon city project announced that it will commence the bidding process in mid-February. Yangon’s regional government launched an ambitious new city project via a government-owned New Yangon Development Co (NYDC) last March. The scheme covers an area twice the size of Singapore with a target of […]
Chinese firm finalises new Yangon city proposal
December 4, 2018 by
The government body in charge of developing an ambitious new Yangon city project has reached the final stage in negotiations with China Communications Construction Company (CCCC) in preparing pre-project documents (PPD). Launched by the regional government in March via a 100pc government-owned New Yangon Development Co (NYDC), the new city project covers an area twice […]
Myanmar still weak in enforcing contracts, protecting minority investors
November 9, 2018 by
Myanmar has done undertaken two reforms to improve access to power supply and the ease of starting a local business, according to the latest report from the World Bank. However, pace of reform on most regulations affecting the private sector remain stagnant. In the newly-released World Bank’s 2019 Doing Business rankings, Myanmar ranks 171th out […]
Trade war will drive Chinese investment in Asean to US$500 billion by 2035, think tank says
November 1, 2018 by
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 […]
China to hold 70% stake in Myanmar’s planned strategic seaport
October 16, 2018 by
Myanmar will hold a 30 percent stake in its strategic deep-water seaport project led by cash-rich China, giving Beijing a 70 percent interest, under their final agreement reached during recent talks between the two countries, according to a visiting senior Myanmar official. That is an improvement for the emerging Southeast Asian economy from the initially […]
China hardsells big ticket but low on trust, India’s soft power push in Myanmar education and health
September 11, 2018 by
As Delhi seeks to expand its engagement with Myanmar, it is in sectors such as education, health and entertainment services that India hopes to make an impact in a country crowded with several international players, and completely dominated by China. In a state-of-the art classroom at the steel and glass Myanmar Institute of Information Technology […]
