economic adviser

Myanmar scales back Chinese-backed port project over debt fears

August 6, 2018 by Thiha

Myanmar has scaled back plans for a Chinese-backed port on its western coast, sharply reducing the cost of the project after concerns it could leave the south-east Asian nation heavily indebted, a top government official and an adviser told Reuters. The Kyaukpyu port is a key part of China’s ambitious Belt and Road initiative, aimed […]

Filed Under: Latest News Tagged With: aung san suu kyi, Beijing, Chinese foreign ministry spokesman, Chinese-backed port, Deputy finance minister Set Aung, economic adviser, energy imports, Geng Shuang, hydroelectric project, Kyaukpyu port, Malacca Strait, Manila, Myanmar’s civilian leader, oil and natural gas, oil tankers, Pakistan, Rakhine State, Sean Turnell, South East Asian, Spain, special economic zone, Sri Lanka, Valencia

Two Nigerians withdraw money by hacking KBZ account of an economic adviser

July 24, 2018 by Thiha

Two Nigerian citizens hacked the KBZ Bank account of an economic adviser of a businessman and withdrew money on July 17, police confirmed on July 22. The police however did not release details. According to initial reports, the adviser opened a case under section 66 (c) of the Telecommunications Law on July 19, one of […]

Filed Under: Latest News Tagged With: Aung Kya Myo, deputy CEO, economic adviser, foreign hacker, hacker, Kamayut township, Kamayut Township Police Station, KBZ account, Mingalar Taungnyunt Township Police Force, Nigerian woman, Nigerians, Telecommunications Law, Yangon

New Chair of Kyaukphyu SEZ Wary of Chinese Loans

July 18, 2018 by Thiha

YANGON — Myanmar will endeavor to take on no loans from China to complete the Kyaukphyu Special Economic Zone (SEZ) but would offer the developer no sovereign guarantees to mitigate risk if it does, said the project’s new chairman, seeking to allay fears of a debt trap. Sean Turnell, an economic adviser to State Counselor […]

Filed Under: Latest News Tagged With: “debt trap”, China, China International Trust and Investment Corporation, Chinese President Xi Jinping, CITIC, economic adviser, Europe, Export-Import Bank of China, garment factories, Hambantota Port, Head, Indian Ocean, Industrial Park, Japan, Kyaukphyu Special Economic Zone, National League for Democracy, new chairman, new planning and finance minister, Nikkei Asian Review, Rakhine State, Ray Washburne, Sean Turnell, SEZ, singapore, Southeast Asia, Sri Lanka, State Counselor Daw Aung San Suu Kyi, The Irrawaddy, U Set Aung, U Soe Win, US Overseas Private Investment Corporation

Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion

July 18, 2018 by Thiha

Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]

Filed Under: Latest News Tagged With: Asia analyst, BMI Research, central bank, Chair, China, Chinese Investment, Chinese sources, CITIC-led consortium, deep sea port, DICA, director-general, Directorate of Investment and Company Administration, domestic capital market, economic adviser, Environmental and Social Impact Assessments, ESIA, Export-Import Bank of China, former Rakhine Advisory Commission, Hambantota Port, Hong Kong, ICJ, ILO, International Commission of Jurists, International Labour Organisation, Kofi Annan, KSMC, Kyaukphyu SEZ, Kyaukphyu SEZ Management Committee, Kyaukpyu Special Economic Zone, labour market assessment, Loans, MIC, Ministry of Planning and Finance, Myanmar investment commission, NLD, permanent secretary, planning and finance minister, Rakhine State, Raphael Mok, sea, Sean Turnell, SEZ Central Executive Committee chair, Sri Lanka, State Counsellor, Strategic Environmental Assessment, U Aung Soe, U Soe Win, U Than Myint, U Thaung Tun, U Tun Tun Naing

Officials seek to calm investor concerns at conference

September 18, 2015 by Thiha

Campaigning is now under way ahead of the November 8 election, and business are wary of political considerations which may affect their plans in Myanmar. Government ministers and senior advisors have sought to downplay these concerns, likening the vote to just another sea to be crossed, and pointing to the country’s long-term potential. U Zar […]

Filed Under: Latest News Tagged With: asean, Central Bank Law, Companies Act, Directorate of Investment and Company Administration, economic adviser, Euromoney Myanmar Global Investment Forum, Financial Institution Law, foreign investors, Global Economy, investments, Ken Tun, Myanmar investment commission, National Economic, Social Advisory Council, speaker and chief executive officer of Parami Energy, U Aung Tun Thet, U Zar Yar Aung, Yangon Stock Exchange