China is planning to build vital trade and logistics links with Myanmar along the Ayeyarwady River as part of the China-Myanmar Economic Corridor (CMEC) to bypass poor road infrastructure. Proposed by China in November 2017 as part of its global Belt and Road Initiative, the CMEC is expected to connect China’s Yunnan Province with Mandalay […]
Sagaing minister slams mining law
The Sagaing Region minister for agriculture and livestock criticised the Mining Law for being weak. Kamzar Mone said the gold miners that operated recklessly continued their work after paying fines, and he claimed the law had flaws and needed reforms. “The fines for a gold miner for violating the law range from Ks500,000 (US$370) to […]
The Trouble With India’s Projects in Myanmar
India has great ambitions for infrastructure construction in Myanmar, but falls short in implementation. Myanmar President Htin Kyaw’s recent visit to India, the first by the head of a civilian government in Myanmar in over five decades, saw the two sides focus on improving connectivity and counterinsurgency cooperation. In addition to reaffirming their commitment to […]
South Korea to assist with Twantay canal development
South Korea is providing help to draw up the main plans for the Twantay canal development, sources say. The Directorate of Water Resources and Improvement of River Systems has signed an agreement with the ISAN Corporation from South Korea to conduct a survey for the canal’s development, according to a directorate official. “The ISAN Corporation […]
India’s Exim Bank to open Myanmar branch
India has been trying to leverage its aid and loan programmes to counter Chinese influence on Myanmar’s economy New Delhi: Export-Import Bank of India will open a branch in Yangon next month as part of India’s efforts to boost trade ties with Myanmar, as it opens itself to the global economy after decades of isolation. […]
Orient Express Launches Orcaella Offering New Myanmar Cruises
On July 22, Orient-Express will launch a new river cruiser, the Orcaella, which will sail on the Ayeyarwady (Irrawaddy) River in Myanmar, also known as Burma. Named for a species of dolphin that inhabits the river, Orcaella (‘Or-kay-la’), was built in the colonial capital city of Yangon. The 200-foot-long ship was designed with a shallow […]