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 […]
Dawei SEZ is for the few, not the many
A few elites will benefit from reviving Dawei SEZ, but what about the rest? Civil society organisations demand authorities to halt the controversial Dawei project and rethink. CIVIL society organisations have demanded the authorities to reconsider the plans to revive the controversial Dawei Special Economic Zone (SEZ). They argued that a site-wide environment impact assessment […]
China’s $10 billion strategic project in Myanmar sparks local ire
KYAUK PYU: Days before the first supertanker carrying 140,000 tonnes of Chinese-bound crude oil arrived in Myanmar’s Kyauk Pyu port, local officials confiscated Nyein Aye’s fishing nets. The 36-year-old fisherman was among hundreds banned from fishing a stretch of water near the entry point for a pipeline that pumps oil 770 km (480 miles) across […]
China’s plans for Myanmar town hold few local opportunities
KYAUKPYU, Myanmar (AP) — China’s plan for its foothold on the Bay of Bengal, on Myanmar’s western coast in restive Rakhine state, includes an industrial zone, oil refinery and deep-water port that could transform a sleepy, remote town of 30,000 into a thriving business hub. The plan for Kyaukpyu is central to Beijing’s ambitions in […]
Myanmar kicks off investment law modernisation
Until March 26, the Myanmar government will welcome civil society consultations on a new investment law, which will combine the Myanmar Citizens Investment Law and the Foreign Investment Law. Titled “The Investment Law of the Republic of the Union of Myanmar”, the law was drafted in cooperation with the World Bank’s financial arm, the International […]