News
Myanmar’s stakes in two Belt and Road economic corridors
Myanmar is involved in two of the six economic corridors under China’s Belt and Road Initiative (BRI), according to a report from a multinational professional services firm.The country’s involvement in the two corridors underlines its geopolitical advantage in facilitating the connectivity between China and South ...
Big Four firm hails Belt and Road as a “global game changer”
A recent report from a multinational professional services firm praises China’s Belt and Road Initiative (BRI) as transcending beyond initial expectations by extensively boosting trade and commerce and supporting both physical and social infrastructures. It urged foreign businesses to join the game. The report Repaving ...
China calls for quick development of Sino-Thai rail link
A proposed high-speed railway linking southern China to Thailand’s industrialized Eastern Seaboard should be built “quickly” according to Wang Yi, China’s foreign minister, after a meeting on Monday with Prime Minister Prayuth Chan-ocha. “This Thai-China train project may face problems but the important matter is ...
Xi Jinping To China's Private Sector: Go Home, The New Silk Road Is Not For You
In 2013, Chinese President Xi Jinping announced something called the Belt and Road Initiative, which was to be a trillion-dollar framework to guide Chinese foreign investment, infrastructure development, trade, and other international forays. What this initiative actually consists of still remains vague, what its benchmarks ...
Laos, China reaffirm links, consolidate connectivity as cooperation commission meets
Laos and China have pledged to further promote their cooperation in economic, trade and technical assistance matters, a meeting of representatives of the two sides heard in the capital yesterday. The bilateral trade volume in 2016 reached US$2.34 billion, including Lao goods exported to China ...
How Southeast Asia can leverage China’s new Silk Road
In the deep valleys of northern Laos, the Nam Khan River – a major tributary of the mighty Mekong – slices through extraordinary scenery. Towering, mist-covered mountain ranges; a sublimely preserved Unesco heritage-listed city that was once a royal capital; rippling rice paddies and fishing ...
Belt and Road must learn from mistakes of Myitsone Dam, says academic
The success of China’s Belt and Road scheme hinges on whether Beijing can learn from the mistakes of Myitsone Dam and engage with Myanmar on an equal basis, the chair of a Singapore-based think tank told The Myanmar Times.Following the 2nd ASEAN-Myanmar Forum hosted by ...
Dry port sets hopes on Belt and Road
The country’s first dry port will be built near Myitnge, in Amarapura township, Mandalay Region, and join the Belt and Road network, said U Myo Win, general manager from Myanma Railways (Upper Myanmar).“It is a two-year project under UNESCAP agreement between governments,” he said. UNESCAP ...
Govt approves Vientiane-Vangvieng expressway corridor, legislation
The government has approved the Vientiane-Vangvieng expressway’s corridor and legislation in a move to boost socio-economic development.The approval was made at the monthly cabinet meeting for May, chaired by Prime Minister Thongloun Sisoulith and attended by the cabinet members. The 113.7-km corridor is part of ...
China warned of risk to banks from One Belt, One Road initiative
Beijing’s plan to invest almost $1tn in infrastructure in some of the world’s poorest countries is raising concerns of risks for the Chinese banks backing the projects. Turmoil in countries such as Venezuela, where China has lent $65bn during the past decade, has led to ...