Chinese Firm Opens Assessment Tender for Strategic Deep-Sea Port in Western Myanmar

YANGON — A Chinese company has invited proposals by Feb. 8 to provide consultancy services and field investigations environmental and social impact assessments of its ambitious Kyaukphyu deep-sea port project in Rakhine State. The move brings the Belt and Road Initiative project – which would open Chinese access to the Indian Ocean – one step […]

Western pressure pushes Myanmar towards China

A global research agency believed increasing pressure from the west on Myanmar’s alleged rights violations would push the country’s political and economic allegiance towards China, even if Myanmar seeks diversification of trade relations. Fitch Solutions, a unit of the UK Fitch Group, said China looks likely to be the dominant foreign influence over the coming […]

Private Investments Worth $54M for Chin State

YANGON—The Chin State government signed four memorandums of understanding (MoUs) with private companies for projects totaling more than $54 million at an investment fair held at the weekend in Yangon, which aimed to stir up foreign investment interest in one of the poorest states of Myanmar. Among the four companies, the biggest project signed for […]