The Irrawaddy Magazine | Archive | BUSINESS
First Myanmar Investment Announces Expansion After Record Profits By

On the back of a strong financial performance, FMI is expanding its operations in the real estate, healthcare, aviation and banking sectors.

Neighborhood Rivalry ‘Puts Burma’s Oil and Gas Sector at Risk’ By

Burma will struggle to attract new investment in the sector because of a global industry slump and new competition from neighboring countries, a report says.


Plans to “revitalize” with an economic corridor; Bagan’s heritage bid will take time; Boeing inks deal with Air Mandalay; and China trade at Muse rises.


Fears of a reduced yield and preparations for massive export deals have seen a resurgent rice market after last month’s lows.


The Ministry of Industry will borrow US$50 million from Singaporean and Vietnamese banks so that it can increase government loans to small and medium enterprises.

Kyat Continues Slide Against Greenback By

A resurgent US dollar and Burma’s vast trade deficit are contributing to the ongoing decline in the value of the local currency.

Mitsubishi, Jalux and Yoma to Operate Mandalay Airport By

Japan's Mitsubishi Corp and Jalux Inc will partner with Yoma Strategic Holdings Ltd to operate Mandalay airport and expand it into a regional hub.

Burma Business Roundup (November 15, 2014) By

President Obama’s visit will do little to boost US investment, Burma joins China-led regional bank, and Asian firms strongly interested in investing in Burma.

Burma, China Commit to Bilateral Trade By

Burma readies to sign a bilateral trade agreement with China to increase agricultural exchange, which is likely to restart stalled rice exports.

Kyaukphyu SEZ: Economic Reality or Pipedream? By

Winners of special economic zone contracts could decide fate of grand project

Burma Business Roundup (November 8) By

Doubts raised over long-term viability of Hantawaddy Airport deal; petrochemical industry needs know-how, investment; coal to play a big role in fueling Burma’s electricity growth.

Central Bank Reduces US Dollar Sales to Private Lenders By

The Central Bank of Myanmar has sharply reduced US currency sales to private banks, according to local banking industry insiders.

State-Owned Bank Threatens Legal Action Against 15,000 Indebted Farmers By

The Myanmar Agricultural Development Bank is threatening legal action against more than 15,000 farmers in Irrawaddy Division who have failed to pay back their loans.

Asia Inc. Leads West in Business in Burma By

Asian businesses are gaining a foothold in Burma far quicker than those from Europe and North America in setting up in the fast-changing country.

FDI, Aid ‘Will Dry Up’ If Burma’s 2015 Elections Are Postponed By

Burma’s economic and social development will grind to a halt if rising military interference in politics delays the 2015 national elections, a business analysis warns.

Run on Bank Owned by Son of Blacklisted MP By

A large amount of money was withdrawn from United Amara Bank, owned by the son of Aung Thaung, after the US blacklisted the USDP lawmaker.

The Irrawaddy Business Roundup (Nov. 1, 2014) By

Colgate buys a Burmese toothpaste brand; hotel redevelopment slated for a Rangoon courthouse; millions of motorbikes are smuggled; and changing Burma offers a fast-food frenzy.

Burma Army Conglomerate Says It Has Won Beer Spat With Singapore’s F&N By

UMEHL says it has won an arbitration case against Singapore's Fraser and Neave Ltd that will give it the right to buy Burma's biggest brewery

Concerns Grow Over Severe Slump in Rice Prices By

Ahead of the main harvest season, rice prices and export demand have sharply dropped after China tightened border controls on Burmese rice imports.

Hanthawaddy Airport Contract Goes to Singaporean-Japanese Consortium By

A Singaporean-Japanese consortium wins the contract to build the US$1.5 billion Hanthawaddy International Airport north of Rangoon, the director-general of Burma’s Civil Aviation Department says.

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