The Irrawaddy | Archive | Business
Trade Volume Below Govt Forecasts Despite Increase in Border Commerce By

Burma’s sluggish trade figures look set to fall below an optimistic government forecast for the financial year, according to Commerce Ministry figures.

Mon Business Plans on the up and up By

Prominent Mon businessman Min Banyar San, a major shareholder of Tala Mon Company, is among those driving business ventures in his native state.

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Two years of negotiation culminate with the Burmese government’s approval of a 3,600 kyat (US$2.80) minimum wage for all sectors, to be implemented in September.

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Recently halted after severe flooding that inundated swathes of the country, Burma’s rice federation said rice exports would resume as planned on Sept. 15.

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Krispy Kreme to open 10 outlets, Comms Ministry sets capital requirements on fourth telco license, and Scottish firm supplies controversial Kachin jade mines.

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The relocation of cancelled developments planned near Shwedagon Pagoda is likely to be finalized by the end of the year, according to the Myanmar Investment Commission.

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Burma’s largest beer maker, military-owned Myanmar Brewery Ltd., aims to increase its annual production by 50 percent in the years ahead.

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As the kyat continues its slide, sources say the Central Bank of Myanmar will soon set down punishments against businesses charging in US dollars.

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The real estate market in the commercial capital has seen little new sales or investment as developers await the results of the country’s November election.

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New researchprovides a window into the mindset of Burma’s little-understood electorate ahead of the start of official campaigning for the Nov. 8vote.

Turmoil at the Top Prompts Business Uncertainty By

The recent ousting of ruling party chairman Shwe Mann has sent a shiver through Burma’s business world, with the rumor mill ticking into overdrive.

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Warnings on financial and cyber crime, Myanmar National Airlines inaugurates Singapore route, and Railways Ministry asks for repair funds.

Kirin Buys Majority Stake in Myanmar Brewery By

Japan’s Kirin Company has announced the purchase of a majority stake in Burma’s most lucrative beer manufacturer from Singapore-based Fraser & Neave.

Govt Task Force Nabs ‘Illegal’ Materials from Flood Relief Vehicles By

A mobile government task force assigned to combat the smuggling of goods confiscated materials from two vehicles involved in flood relief efforts on Monday.

Central Bank Talks Up Stability amid Economic Challenges By

The Central Bank of Myanmar pledged Tuesday to assist private banks that run into financial difficulties, looking to address rumors of economic instability.

The Irrawaddy Business Roundup (August 15, 2015) By

IFC denies commitment to Dawei; Digicel may dump Burma stakes; Asia World gets the better of mysterious airport tender.

Experts Warn Floods, Political Instability Will Hit Local Economy By

Ructions within the ruling party and recent nationwide flooding are likely to hinder economic growth in the coming months, business leaders and analysts said on Friday.

Standard Chartered, Citi to Advise on Credit Rating By

The Burmese government has enlisted the advisory services of banking giants Citi and Standard Chartered as the country seeks its first ever credit rating.

Rice Federation: More Than 1 Million Acres of Paddy Fields Destroyed by Floods By

The Myanmar Rice Federation says some 1.3 million acres of paddy fields have been swamped by flooding, mainly in Sagaing Division’s Kale, Kanbalu and Monywa.

Facebook Will Match Your Flood Relief Donations By

Facebook partners with Save the Children International (SCI) for a donation-match fundraiser geared targeting US$1 million in aid for children affected by the disaster.

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