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.
During his recent visit to Myanmar, Chinese President Xi Jinping said that China will give Myanmar over US$580 million in development aid over the next three years.
Strange markers in villages along a planned China-backed railway in Shan State suggest the project is proceeding without input from locals, who fear for their futures.
As the National League for Democracy government pushes economic reform, The Irrawaddy looks at events that defined Myanmar’s economy in 2019 and its prospects for growth.
Myanmar is unique in that it plays a role in both of New Delhi’s two major foreign policy initiatives—‘Act East’ and ‘Neighborhood First’—says Ambassador Saurabh Kuma
Failing to learn lessons from existing projects, officials tout the benefits of BRI projects while ignoring locals’ fears of land-grabs, lost livelihoods and pollution.
The Myanmar government has announced plans to form a single ministry to handle economic programs as well as plans to support private sector growth.
The Yangon City Development Committee says a Singaporean luxury spa in Yangon’s Secretariat building has to be closed, as it has been operating without a license.
Myanmar has awarded the tender for a new power plant in Yangon to a Chinese state-owned company that was recently debarred by the World Bank for committing fraud.
Yangon is selling about 530 plots of land to boost business development and housing in the crowded city.
Around the world, local governments are pooling public and private resources to make cities more efficient, sustainable and livable.
Critics of Hong Kong govt’s East Lantau Metropolis megaproject say there are cheaper, greener ways to ease the city’s housing crisis than creating artificial islands.
Yangon’s planning bill for the next fiscal year prompts questions among some lawmakers about the details of the plans.
Building dykes to protect the flood-prone site of the mega-project will cost an estimated $100 million—and that doesn’t cover the inevitable impact on surrounding areas.
Foreign direct investment in the country has increased sharply this year, but concerns over infrastructure, unclear procedures and the Rakhine issue remain.