This week, Myanmar saw major signs of foreign support for its IT, insurance and creative sectors, as well as power production, especially liquid natural gas.
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29 January 2020
Yangon
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Thousands of Myanmar Workers Demand Higher Minimum Wage
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Over 5,000 factory workers marched in protest near a Yangon industrial zone Sunday to demand higher wages as the government prepares to set the new minimum wage.
The Irrawaddy Business Roundup
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This week, Myanmar celebrated the opening of a Thai fish factory and border trade with Laos, while the World Bank is forecasting a growth boost.
Xi Jinping Calls for ‘Concrete Planning and Implementation’ of Chinese Projects Ahead of Myanmar Visit
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Chinese President Xi Jinping wrote in an op-ed in Myanmar’s state-owned newspapers that it’s time to move ahead on mutually beneficial development projects in Myanmar.
Myanmar CSOs Urge Xi Jinping to Terminate Myitsone Dam Project
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Civil society groups have called for transparency, impact assessments as Myitsone Dam, other Chinese projects in Kachin State are causing social, environmental problems.
US, China Sign ‘Phase One’ Deal for Truce in Bruising Trade War
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Reaching a truce in their trade war, the US and China have signed a deal that will see a rollback of some US tariffs and require China to boost purchases of key products.
China Denies Ever Manipulating Currency After US Lifts Designation
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A day after being removed from the US Treasury Department’s currency manipulator list, China says it never engaged in the practice.
US Drops China’s ‘Currency Manipulator’ Label Ahead of Trade Deal Signing
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The US Treasury said it no longer considers China to be a currency manipulator, days before the two countries are due to sign a trade agreement.
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Myanmar, China to Sign Agreements on SEZ, Border Economic Cooperation During President Xi’s Visit
4.3k
Myanmar and China will ink MOUs preparing for construction of the Kyaukphyu SEZ in Rakhine, and boosting border economic ties when President Xi Jinping visits next week.
Chinese President's Upcoming Visit Seen as Bid to Gain Myanmar Leaders’ Commitment on BRI Projects
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Chinese president to visit Myanmar next week in what many see as a signal of the importance of the country to China’s Indian Ocean strategy.
Japan, China Concerned Over Economic Risks After US-Iran Showdown
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Japanese, Chinese economic ministers express concerns about effects of Middle East tensions on financial markets at Beijing meeting.
Western Union Cuts Ties to Myanmar Military-Owned Bank
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US-based money transfer company Western Union says it will no longer work with military-owned Myawaddy Bank following pressure from human rights organizations.
Can Myanmar’s Police Force Be Reformed?
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The Irrawaddy talks to Hnin Hnin Hmwe of the Democratic Party for a New Society and advocate Kyee Myint about police reform and a recent blunder in the Victoria rape case.
First Airport in Western Myanmar’s Chin State to Open in June
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Western Myanmar’s Chin State will become much easier to access in 2020 as officials say the Surbung Airport will open in June after five years of construction.
Thousands of Myanmar Workers Demand Higher Minimum Wage
The Irrawaddy Business Roundup
Can Myanmar’s Police Force Be Reformed?
Myanmar's 10 Key Economic Moments of 2019