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 […]
Myanmar scales back Chinese-backed port project over debt fears
August 6, 2018 by Thiha
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
FDI could exceed MIC’s target in 2017-18, but still lower than previous years’
July 21, 2017 by Thiha
Between April 1 and July 11 of the current fiscal year, FDI into the country hit US$2.7 billion, almost half the MIC’s target. Meanwhile, a total of US$127 million in fresh funds was pumped into the Thilawa Speical Economic Zone, while US$221 million was injected into existing projects. That’s US$3.1 billion in total for the […]
Filed Under: Latest News Tagged With: agricultural based products, China, Deputy Director General, DICA, Directorate of Investment and Company Administration, education, existing projects, farming, FDI, Fisheries, former president, health sectors, Hong Kong, hydroelectric distribution, Investment Law, Largest Foreign Investor, Livestock Breeding, local economy, Low-Cost Housing, MIC, MIC’s target, mining and mineral, National League for Democracy, New Myanmar Investment Law, oil and natural gas, service, singapore, South Korea, State Investment Commissions, Thailand, Thilawa Speical Economic Zone, Transport, U San Myint, U Thein Sein’s administration, Union Government
World powers line up to woo new administration
November 19, 2015 by Thiha
This summer, the U.S. Treasury Department received a petition from the financial industry asking for the removal of Asia World Port Management from the department’s sanctions list for Myanmar. The company operates Myanmar’s largest port. The U.S. deems its parent company, Asia World, as one of Myanmar’s past military government cronies, and banned U.S. companies […]
