Work begins at Thilawa; foreign banks closer to licensing; foreign trade up 36%; tourists camp among Bagan ruins; and a new mining law is coming.
Burma will allow some foreign banks to begin offering limited financial services next year as the Southeast Asian country slowly opens up its banking sector.
Myanmar Airways International plans to expand its international flights and begin weekly flights to South Korea and Japan early next year.
The government is collecting data from all business this month so it can provide information on Burma’s economy at an international standard.
Lamenting high domestic interest rates and Burma’s inexperience in the competitive global marketplace, small and medium enterprises are wary as the Asean Economic Community approaches.
As Burma and Thailand seize control of a multi-billion dollar economic zone, Thailand’s biggest construction company has been asked to step aside—but not completely.
Bangkok protests could be a boon to Burma, rice exports fall short of target, Bangladesh in the market for Burmese gas, and private newspapers struggle
The World Bank begins collecting survey data on Burma’s business enterprises and expects the results to be available in June of next year.
Officials hope that the soon-to-start “Special Economic Zone” at Thilawa near Rangoon will underpin a jobs boom in time for the country’s 2015 elections.
The Dutch multinational corporation is looking to capitalize on growing demand, especially in the commercial hub of Rangoon.
Japan’s government and private sector are taking a renewed interest in the proposed Dawei port and economic zone after previously appearing lukewarm to the project.
Poor regulation leaves Burma open to big tobacco, government discloses gold and cash reserves, and a Swiss delegation is in town.
Problems in the China’s southwestern province could spell trouble at the other end of major oil pipeline connecting Arakan State with Burma’s neighbor.
The Department of Civil Aviation announced that it wants local and foreign private investors to upgrade 30 of Burma’s 69 domestic airports.
Laos’ plans to build hydropower dams on the Mekong River could impact people who rely on the river upstream in Burma.
Burma will wrest control of its Dawei industrial complex from Italian Thai Development over its failure to attract investors to the multi-billion dollar project.
Norwegian mobile phone operator says it is giving feedback to the government on draft regulations for the telecoms sector.
Electricity shortfall hits record; cement production to rise; Thai firm will run pulp/paper factory; brewery spat has investment implications; and $50 fares to Rangoon offered.
Caution is the name of the game as private companies take their first steps into a market long controlled by a state monopoly