The Irrawaddy | Archive | Business | 2
App Empowers Civilians to Capture Evidence of War Crimes on Smartphones

A new mobile phone app enabling civilians in conflict-torn countries to capture and share verifiable footage of war crimes will help authorities to prosecute perpetrators.

The Irrawaddy Business Roundup (June 6, 2015)

EU rice exports double, Comms Ministry plans more mobile spectrum, Tin production to decline in Wa territory, and Sule Shangri-La extension slated for 2016 opening.

Burma Eases 3-Month Fishing Ban

More than 1,000 trawlers can return to catching fish off Burma’s coast after the fishing industry complained about what had been a three-month ban.

Central Bank’s US Dollar Policy Will Bolster Black Market: Critics

The Central Bank of Myanmar has halved the permitted withdrawal limit of US dollars from local banks, in an apparent effort to prevent the greenback from becoming an alternate currency.

Burma’s New Auto Policy to Promote Manufacturing, Say Experts

Domestic and foreign experts convene to hash out details of a new automobile policy geared toward streamlining Burma’s ownership, manufacturing and import practices.

The Irrawaddy Business Roundup (May 30, 2015)

New gas-fired plant agreement for Thilawa SEZ, Sheraton announces Rangoon hotel site, and two more foreign banks to open next week.

Central Bank to Issue New 10,000 Kyat Notes

The Central Bank of Myanmar (CBM) announces that a modified 10,000 kyat note will be issued next month to prolong circulation life and prevent forgery.

Govt Claims Jump in Foreign Investment

Figures show an astounding US$2.2 billion worth of foreign direct investment in April, but officials remain tight-lipped over how much of the money has made its way into Burma.

Limit Set as First Pseudo-Credit Cards Are Issued

After giving its approval for local banks to issue quasi-credit cards, the Central Bank of Myanmar sets a maximum withdrawal limit of 5 million kyats.

The Irrawaddy Business Roundup (May 23, 2015)

Oordeoo management shuffle, mobile app seeks finance in London, Telenor to build 700 new mobile towers, and tourist hotel planned for Chin State capital .

Parliament to Discuss Postponing Mobile ‘Top-Up Tax’

Parliament will consider delaying a tax on Burma’s cellphone users due to go into effect next month, after a lawmaker asked to revisit the plan.

Gap Apparel Production Triples During First Year in Burma

American retailer Gap Inc. has nearly tripled the output of its two Rangoon factories within its first year, according to a company spokeswoman.

Tale of Two Indias: City Auto Buyers go Upscale, No-Frills Minis Rule

As India’s auto industry matures, manufacturers are realizing they now have two different markets to serve, with costs to shoulder and a challenge to sales and profits.

New Thai-Burma Border Trade Post Tipped

Fully legal trading with Thailand will begin “soon” at an additional border station in southeastern Burma following an overland trade boom between the two countries.

A childhood passion for cattle has turned into a thriving dairy business for U Than Myint.

The Irrawaddy Business Roundup (May 16, 2015)

Firms approved for Myeik development; Mining Law could be delayed until after elections; new bridge links Burma with Laos; Thailand brings solar to Burma.

12 Factories to Be Sued for Polluting Mandalay Lake

Twelve factories in Mandalay’s Industrial Zone 2 are being sued by the Department of Fisheries for violating wastewater management regulations and polluting Taungthaman Lake.

A four-year decline in world rubber prices and difficulties in negotiating export hurdles has hit plantation owners hard in Wa territory.

Retailers Seek Govt Clarification on Booze Imports

The Myanmar Retailers Association has complained to the government over the long delay in clarifying the legal status of alcohol importers.

Architects Group Plans Forum to Air Shwedagon Concerns

A forum will be held on the weekend in response to concerns that nearby construction projects will affect the structural integrity of Shwedagon Pagoda.