Myanmar, China Sign MoU for Economic Cooperation Zone
Officials from Myanmar’s Ministry of Commerce and Ministry of Commerce of China signed a Memorandum of Understanding (MoU) to establish an Economic Cooperation Zone on the China-Myanmar border on May 16.
The establishment of cross-border economic cooperation zones with neighbouring countries can be supportive to the implementation of the Belt and Road initiative, which Chinese President Xi Jinping proposes to develop a strategic network of intercontinental trade routes, connecting countries in Asia and Europe. The signing of the MoU marks a milestone for China and Myanmar to implement a border economic cooperation zone. The zone is likely to be set up in the central and southern part of the China-Myanmar border, which is at a lower altitude and where the landscape is mostly flat, said Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China.
In recent years, China has established several border economic cooperation zones with neighbouring countries, such as the China-Kazakhstan Khorgos International Center of Boundary Cooperation and the China-Laos Mohan-Boten Economic Cooperation Zone. “The zone is of great importance for maintaining peace and stability in the border region as it can boost employment and improve local people’s income, while also helping strengthen trade contacts,” Zhao Jianglin, an expert on Southeast Asia affairs at the National Institute of International Strategy under the Chinese Academy of Social Sciences.
Ooredoo sponsored as Connectivity Partner for TEDxYangon 2017 On May 21,
Ooredoo sponsored as connectivity partner for TEDxYangon 2017 which held at Rose Garden Hotel in Yangon. With the theme of “Tapestry”, the event and aims to share ideas that inspire, open minds and spark dialogue about Myanmar’s past, present and future. At the event, the talks shared the threads that bind the people of Myanmar together, stories woven throughout the country and showcase the myriad of textures, layers and colours that make up the tapestry of Myanmar.
Emerson Network Power Rebrands as Vertiv
Vertiv, formerly known as Emerson Network Power, officially launched its new branding in Myanmar on May 26. Vertiv has had several projects in Myanmar, including turnkey data centre solutions for telecom providers; prefabricated data centres as well as collocation facilities. The company recently signed on KMD as its local distribution partner.
