Chinese investment dries up, strong economic growth is predicted and an Indian firm hopes to get a second chance at Burma’s offshore oil and gas.
Although bankers have been trying since 2012 to form Burma’s first credit bureau, concerns about how much foreign involvement should be allowed have delayed efforts.
Combined imports and exports across 14 official border points was $4.46 billion last year, as more of Burma’s trade is moving over land.
Despite numerous reports of rights abuses against migrant workers, projects in Rangoon suffer as workers choose higher wages abroad.
Analysts say peace is needed for investment, and a lawmaker gives a warning over Singapore’s use of sand dredged from rivers in southern Burma.
Traders told to prepare for extra competition ahead of the Asean Economic Community in 2015, which will remove tariffs across Southeast Asia.
An end to large-scale fishing operations from overseas is welcomed by local fishers, but concerns remain about overfishing by local firms.
The country’s Central Bank has few ways to deal with rising inflation predicted by both the Asian Development Bank and the International Monetary Fund.
A Norwegian oil firm predicts big reserves for its Burmese offshore oil and gas block, and expensive private schools are eying Burma.
The British International School will open in Rangoon in August and offer a UK curriculum to meet growing demand for world-class education in Burma.
A portion of gas from an offshore field that was recently brought online by Thailand’s PTTEP will go toward use in Rangoon and Mon State.
An economist says the massive special economic zone planned for an island off the Arakan State coast is “really just about energy.”
Calls for transparency as contract negotiations begin for Western firms and others to explore the country’s waters for energy resources.
Serge Pun, owner of conglomerate Yoma Strategic Holdings, says Asean needs to work exceptionally hard to realize a balanced, EU-style integration of its disparate economies.
The government will introduce reduced property tax rates next month, in particular for lower-value property, a move that will spur demand in this market segment.
The government is now in negotiations with four different firms who want to build a $1.5 billion airport in Pegu Division to serve Rangoon.
Business sector representatives warn that the April 1 electricity price hike will undercut competiveness of Burmese industries and drive up consumer prices.
Much remains to be done before Myanmar launches Asia’s newest stock exchange in late 2015
The Burma-China gas pipeline is running at below 20 percent of capacity, Japanese firms show interest in Thilawa, and Burma’s jade earnings are up.
Malaysia, ranked as the seventh-biggest source of foreign investment into Burma, is looking to further boost its corporate presence in the fellow Southeast Asian nation.