Minister U Thaung Tun said the government has put together a medium- to long-term economic recovery plan based on promoting investment in sustainable industries.
Chinese investors are far outpacing their Japanese and Thai counterparts in proposing projects for the $8-billion Dawei Special Economic Zone in Tanintharyi Region.
Chinese Communist Party mouthpiece the Global Times has accused local groups opposed to Beijing’s megaprojects in Myanmar of spreading ‘Western propaganda’.
South Korea has reaffirmed its commitment to deepen economic ties with Myanmar after projects agreed during President Moon’s visit last year were delayed due to COVID-19.
When Beijing sent a member of its elite Politburo to press for implementation of China’s BRI projects, Myanmar officials stressed the need for ‘quality investment’.
Germany’s Roland Berger Co. will oversee a tender process to allow global firms to bid against China’s CCCC to develop infrastructure for the New Yangon City project.
China’s top diplomat on Tuesday lobbied the State Counselor and President to begin work on BRI projects; expert says Beijing wants assurances before November’s election.
In its 2020 election manifesto, the Kachin State People’s Party vows to push for the scrapping of the suspended, China-backed Myitsone Dam project on the Irrawaddy River.
Myanmar’s military and government have looked the other way as a megaproject backed by shadowy Chinese interests threatens peace and social stability in Karen State.
The US has sanctioned units of China’s CCCC, a key player in the New Yangon City project, for allegedly aiding land reclamation in disputed South China Sea waters.
The Chinese Embassy said it supports Myanmar’s investigation of the Shwe Kokko casino development in Karen State, which is backed by Chinese investors.
In meetings with Daw Aung San Suu Kyi and Snr-Gen Min Aung Hlaing, Japan’s foreign minister vowed support for nation building and inquired about Rakhine atrocity probes.
A careful observation of the Myanmar government’s approach to China shows that it is using great caution in its relationship with Beijing.
Increasing tensions between the US and China have prompted a growing number of Japanese firms to move their operations to Southeast Asia, a new survey shows.
China reserves the right to interfere in Myanmar’s affairs; it’s time Myanmar educated itself about its northern neighbor by creating think tanks and research institutes.