The Shwe Taung Group, whose chairman was once accused of ties to the narcotics trade, has become the second local company to partner with the US software giant.
The Asian Development Bank will provide US$80 million to an electricity infrastructure project in Rangoon to upgrade the city’s electricity transmission.
Two weeks since the general election, Burma’s reference foreign exchange rate has slid further against the US dollar, sitting at just under 1,300 kyat.
Major economic reform bills to pass before new government, Korean loan finalized for Dala Bridge, and new investment at the Thilawa Port in Rangoon.
Bankers are urging the Central Bank of Myanmar to reconsider a new reserve requirement ratio that might leave many of Burma’s commercial banks struggling.
Manila’s slums serve as a potent reminder to the Asia Pacific Economic Cooperation bloc that the globalization agenda it promotes has left many behind.
Waste collection in the commercial capital suffers from a lack of municipal funding.
RANGOON — Aung San Suu Kyi’s landslide election win might be bad news for Burma’s businessmen like construction magnate Khin Shwe, who lost his parliament seat and remains barred from doing business with US nationals due to his ties to the former junta. Or maybe not. Sitting comfortably on a beige leather sofa in his […]
In economic powerhouse India, manufacturing clients are taking months to pay, choking up businesses and hampering the creation of much-needed jobs.
Burma’s outgoing Parliament convenes for its final session before surrendering seats to newly elected lawmakers, aiming to make strides on investment reform.
The Asian Development Bank has pledged US$60 million for a water management project in Mandalay to improve the city’s urban environment and public health.
Foreign investors call for continuity after election; Best Western plans to bring a boutique hotel to Burma; fresh flights to Hong Kong in the works.
WASHINGTON — The United States on Monday welcomed Burma’s election as a victory for the people, and the vote appeared to raise prospects of a further lifting of US sanctions—provided the military accepts the results. While highlighting encouraging signs from Sunday’s poll, Washington remained cautious and said it would watch for the democratic process to […]
RANGOON — As the dust settles and results trickle in, it appears that Burma’s ruling party has suffered a number of serious setbacks as ministers, sitting lawmakers and a top party official have come forward to accept defeat. While official results of Sunday’s historic vote are still pending, a picture has begun to emerge of […]
RANGOON — The collective gaze of Burma’s business community will be firmly fixed on the country’s general election on Sunday, the results of which could herald key changes to economic policy and legislation in 2016. On the eve of the poll, The Irrawaddy spoke with six prominent businesspersons to probe their views on what the […]
Government rules ‘unclear’ on dollar transactions, India ends border barter trade, and Burma gets new hotels to cope with tourism boom.
Thailand’s junta has approved US$1.3 billion in rural subsidies to appease politically powerful farmers who are struggling with low prices, weak exports.
Managing director of the Mandine Real Estate Agency Than Oo discusses Burma’s real estate market, which has been seeing a cool-down ahead of the election.
Burma’s biggest bank may have links to murky jade trade; World Bank recognizes efforts to reform investment procedures; Thai cash-and-carry Makro could be coming soon.
RANGOON — Nine of Burma’s major political parties all purport to work for a democratic federal union, peace and ethnic unity, while they are split on issues such as the Constitution and governance, according to analysis released by an independent local research group earlier this week. Enlightened Myanmar Research (EMR) released a briefing, “The Manifestos […]