SF Holding acquires stake in Myanmar’s KOSPA
SF Holding, a Chinese logistics firm, has acquired a 25 percent stake in KOSPA Limited, a Myanmar-based logistics firm, according to an article in Dealstreet Asia. KOSPA is a joint venture originally established between local company Yoma Strategic H
CITIC and MAPCO form agri-business centres and rice mills
China’s CITIC Construction, a subsidiary of the state-owned CITIC Group, has partnered with the Myanmar Agribusiness Public Corporation (MAPCO). The project is worth US$ 500 million, involving high-end rice mills and agri-business service centers a
Mandalay-Muse railway work to begin next year
Preliminary work on a railway project connecting Muse, near the China border, with Mandalay is due to begin next year. U Myat Thu, Mandalay Minister for Planning and Finance, told a daily that the line is among nine “essential projects” that form
OCBC expects recovery as China executes BRI
Myanmar economy is expected to recover as execution of projects related to China’s Belt and Road Initiative (BRI) commences, according to OCBC Bank reports. “Myanmar is still struggling to resolve fundamental concerns relating to basic human righ
Beijing calls for progress on China-Myanmar Economic Corridor
Beijing has urged Myanmar to pursue projects related to the China-Myanmar Economic Corridor (CMEC) during a visit to the country. Ning Jizhe, vice chairman of the China National Development and Reform Commission (NDRC), visited Myanmar this week and
