Burma’s Department of Civil Aviation says international commercial flights to Bagan, a major tourist draw known for its thousands of temples, are unlikely anytime soon.
It’s been four months since Burmese authorities cracked down on foreign alcohol imports, but a new policy to clarify the regulatory confusion is still pending.
Kanbawza (KBZ) Bank deputy vice-chairman U Than Lwin speaks to The Irrawaddy about the state of Myanmar’s banking sector, and the need for skilled workers.
A subsidiary of Singapore-based Navigat Group has begun supplying power under a purchasing agreement that will be the template for future deals by Burma.
Burma’s tourism industry needs to attract a more diverse range of visitors, trade at Muse border crossing soars, Singapore Burma’s biggest foreign investor in January.
Burma looks set to get a new law to counter money laundering soon, but the country still faces numerous challenges in curbing financial crimes.
Burmese businesses expect more foreign investment after the Export and Import Bank of the United States begins offering credit for trade with Burma.
A researcher claims the flow of goods smuggled over Burma’s borders with China, Thailand and India is increasing, with the trade in narcotics the most lucrative.
The widening chasm between supply and demand has sent real estate prices in Yangon soaring to new heights.
Myanma Airways inks a deal to lease 10 commercial aircraft, and enlists a consulting arm of General Electric to create and implement an expansion plan.
Japanese firm Nissan is set to invest US$200 million in a plant in Pegu Division, a 5-star hotel is planned, and Burma’s rice industry looks to Europe for markets.
Money changers still do not accept tainted, or even slightly crumpled, US dollars, a hangover from the country’s years of financial isolation.
The government is set to name the winners for a highly competitive tender for offshore oil and gas exploration blocks this month.
Rangoon’s skyrocketing property prices put the squeeze on a young domestic convenience store sector that depends on already-thin profit margins.
A project worth US$1 billion to build a second airport to serve the commercial capital, Rangoon, was originally awarded to South Korea’s Incheon.
British minister raises forced labor concerns in Shan State logging, Japan calls for heritage protection in Rangoon and Burma looks for increased growth.
Report from Finnwatch documents widespread abuses of migrant laborers at factories producing for world famous tinned fish, fruit and juice brands.
Asian Wings has become the first airline in six years to operate flights between Thailand’s second-biggest city, Chiang Mai, and Burma’s second-biggest city, Mandalay.
Business insiders say foreign investors will wait and see about Burma this year, as questions about the country’s political future remain.
Qatari and Norwegian firms can now begin setting up a new mobile phone network after they were named the winners of a competitive tender in June 2013.