SF Holding acquires 25pc stake in KOSPA for US$4 Million

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
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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
Recovery expected as China executes BRI

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
Senior General Min Aung Hlaing meets Chinese diplomat

Military Chief requests visiting Chinese official for continued support

Myanmar’s Military Chief told a visiting senior Chinese official that he hoped China would further promote its stand on political reforms in Myanmar and foster good relations between political forces, the public and ethnic groups in the country. So