Government urged to strengthen legal protections and enhance transparency before committing to further China-backed projects
The project, announced last week by the Sri Lankan government, is set to be the biggest foreign investment there yet, but is surrounded by much confusion and conflicting comments.
In a wide-ranging interview, the US envoy gives The Irrawaddy his thoughts on the many domestic and international challenges facing Myanmar, and the state of the bilateral relation
An investment fair held in Yangon over the weekend saw MoUs signed for four major projects—in power, agriculture, housing and hotels—for one of the country’s poorest states.
Serge Pun says CCCC is the only investor that can bankroll the $1.5-billion project; speakers at public hearing warn of excessive Chinese influence, point to firm’s checkered pas
The state-level steering committee must answer questions on the Chinese contractor’s qualifications, eventual ownership of the huge project and many other issues.
But she repeats her view that the huge Chinese investment scheme promises mutual benefits.
Urges government to provide strong incentives, ensure decent power supply
The Japanese ambassador to Myanmar said his government would promote and support Japanese investment in the troubled state and is considering facilitating required infrastructure.
A joint letter released by Australian, American and European chambers of commerce reiterates the importance of responsible investment, rather than isolation, for Myanmar’s growth
Temasek and ADB backing Singapore-based Ascent Capital Partners in the first Myanmar-focused private equity fund to boost sustainable, inclusive economic growth.
National unity could be damaged if China-backed project proceeds, U Soe Thein says
Minister U Thaung Tun acknowledges ‘misguided’ project has many environmental, social challenges and is deeply unpopular
In one of Myanmar’s most troubled and impoverished states, the government is desperately seeking investments in agriculture, infrastructure, tourism and SME development.
The country is showcasing more than $3 billion in projects over the two-day event to potential local and foreign investors in hopes of spurring economic growth.