The Irrawaddy Magazine | Archive | BUSINESS
Record Haul in Jade Sales to Burmese Traders By

Jade sales at a major gems emporium for local traders in Burma hit a record high, with 126 billion kyats worth of the gemstone sold.

Japan to Carry out Studies on How to Revive Dawei SEZ By

Japan is to carry out several studies on how the stalled Dawei Special Economic Zone (SEZ) in southern Burma can be revived, government sources say.

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Foreign direct investment into Burma exceeds the government’s original target just six months into the fiscal year, topping $4 billion through September.

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Thai firm with Burma dam criticized; Mae Sot-Myawaddy trade soars; visa-free Asean urged; UK’s ‘ethical business’ pledge panned; and a jade market taps high demand.

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Some 750 workers receive their salaries and severance pay after the Labor Ministry auctioned off property of the defunct South Korean Master Sports factory.

Hilton and Eden Group Open Hilton Hotel in Naypyidaw By

Hilton Group opens its first luxury hotel in Burma after completing an upgrade of a hotel in the capital owned by local conglomerate Eden Group.

Burma to Begin Rice Exports to NE India By

Burma and India are finalizing a major rice deal, which will facilitate the export of 20,000 metric tons of Burmese rice into India every month.

Rangoon Tax Department Completes Annual Property Valuation By

Rangoon Division’s Internal Revenue Department has completed its annual evaluation of real estate prices as part of its new property sales tax system

Ministry Sells Property of Closed Factory, Promises Pay for Workers By

The Labor Ministry says it sold the property of Master Sports factory in order to pay some 650 workers severance pay and salaries.

The Irrawaddy Business Roundup (Oct. 11, 2014) By

Thailand pushes for Dawei LNG terminal, Burma’s economy grows faster than expected and jade mining resumes in Kachin State’s troubled Hpakant.

Burma, Thailand Renew Vows to Resume Dawei SEZ By

Burma and Thailand agree once more to try to restart the controversial Dawei Special Economic Zone (SEZ) project.

Is Burma a ‘Global Leader’ of Corporate Transparency? By

Newly disclosed corporate ownership data has prompted one international advocacy group to label Burma as a “world leader” in transparency.

Powerhouse Laos Offers Burma a Fix to Electricity Woes By

Burma’s chronic lack of electricity to power its economic development could be solved from an unlikely source underdeveloped neighboring Laos.

Foreign Banks in Burma Will Bide Time to Reap Returns By

Burma has thrown open the door to foreign banks, but tight restrictions on lending mean it’s not a warm welcome, at least not yet.

Now Available in Burma: Coffee With a Conscience By

One local entrepreneur is producing Burma’s first international-standard specialty coffee, with an eye toward ethical standards and ensuring minimal negative environmental impacts.

The Irrawaddy Business Roundup (Oct. 4, 2014) By

Thailand ignores UN migrant rights request; luxury trains planned for tourists; Japan banks win big; Rangoon port pollution worries; and economic reforms prioritized, group claims.

Govt Plans ‘Visit Myanmar Year’ in 2016, Minister Says By

Deputy Tourism Minister announces plans to make 2016 the “Visit Myanmar Year” in order to boost the tourism sector and draw foreign visitors to Burma.

El Nino Threatens Export Plans as Burma’s Rice Industry Revs Up By

Annual rice exports in Burma are unlikely to meet the industry’s target, as monsoonal rainfall needed to boost crops is expected to be below average.

Thai Junta Says It Will Help Kick-Start Stalled Dawei SEZ Talks By

Thailand will revive talks with Japan and Burma aimed at kick-starting the floundering multi-billion dollar Dawei Special Economic Zone in Tenasserim Division.

20 Foreign Firms Agree to Build Factories at Thilawa SEZ By

Twenty foreign companies and one local company sign agreements to build factories in the Japan-backed Thilawa Special Economic Zone near Rangoon.




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