China to invest USD 30 billion in industrial zone
As briefly reported in our highlights last week, a Chinese company and several Myanmar partners will invest USD 30 billion in an industrial zone contained within the Kyaukphyu Special Economic Zone on Myanmar’s west coast. Speaking to parliament, D
Myanmar quarantines 22 as coronavirus hits economy
The Ministry of Health and Sports has quarantined 22 people who have been in contact with a South Korean woman who tested positive for the COVID-19 coronavirus. The woman was diagnosed with the disease in South Korea after having travelled to MalaysiChina’s CITIC to build Myanmar’s Kyaukphyu Deep Seaport for USD 1.3 Billion
Deputy Commerce Minister U Aung Htoo said on Feb 16 that the planned multi-billion dollar Kyaukphyu Deep Seaport project will be developed with the contribution of 70 per cent by the China International Trust and Investment Corporation Consortium (CI
Govt. weighs total Chinese tourism ban
The Ministry of Hotels and Tourism (MOHT) is considering a blanket ban on all visitors from China to prevent the spread of COVID-19, the novel coronavirus that has infected more than 73,000 people worldwide. If enacted, the ban would cap a series of
Coronavirus affects border trade
China is restricting travel in an attempt to curb the novel coronavirus outbreak, and the measures have dented cross-border trade with Myanmar. U Min Thein, Vice Chairman of the Muse Rice Wholesale Center, told The Irrawaddy that “95 percent of
