Kachin State Approves Chinese-Backed Business Park in Border Town

YANGON—The Kachin State parliament approved a proposal on Thursday to implement a Chinese-backed business park project in the border town of Kanpiketi, a part of Beijing’s grand infrastructure plans for its Belt and Road Initiative (BRI). Proposed in 2018, the Kanpiketi Business Park will cover nearly 70 acres in the border town in northern Kachin […]

Cranes stand idle as Myanmar businesses bemoan economic policy drift

Aung San Suu Kyi’s ruling party will offer a glimpse of its plans for Myanmar’s economy this week, in a long-awaited announcement that seeks to reassure businesses and investors who have grown increasingly worried by a lack of firm policy detail. A burgeoning private sector had hoped the National League for Democracy’s (NLD) emphatic triumph […]