Burma’s Central Bank sold less than half the 50 billion kyats worth of treasury bonds on offer in an auction aimed at reforming the economy.
Mizzima Media Group will cease publication of its local-language print newspaper on March 1, as local businessman Serge Pun ends his involvement with the organization.
The Denmark-based Carlsberg Group will begin brewing beer in Burma from March, in a joint venture with local firm Myanmar Golden Star.
The Tourism Ministry aims to attract 4.5 million visitors this year, despite recent criticism on the accuracy of its visitor figures and tourism development approach.
The goal of creating a single business market among Asean’s 10 member countries by the end of this year faces considerable hurdles, analysts warn.
Switzerland’s Kempinski Group and Thai and Burmese investors are developing Rangoon’s old Police Commissioner’s Office into a luxury hotel, a move opposed by Burmese lawyers.
Madae Island residents plan to air their grievances over the Kyaukphyu oil pipeline, which is expected to begin operations by the end of the week.
Poor marks for transparency; Britain promotes oil in Burma; Indonesian smelter plans revived; barrier-free tourism sought; and Thailand urged to do more on migrant labor.
The plunge in global oil prices is good news for Burmese consumers, but is shrinking profit margins for the country’s crude exporters.
The Minister of Commerce says the volume of goods being smuggled across Burma’s borders with China and Thailand is rising, despite a recent government crackdown.
A parliamentary drafting committee rejects Burmese President Thein Sein’s revisions on a plan to raise government salaries, according to lawmakers.
Investment in Burmese natural gas development might be curtailed because of the Thai government’s concerns about relying on supplies from its neighbour.
Tay Za, one of Burma’s biggest business tycoons, claims that he obtained and subsequently turned over to the government a mineral believed to be uranium.
The Secretariat’s new lessees say they will convert part of the dilapidated colonial building into an art museum and put US$50 million toward renovations.
A crude oil pipeline meant to secure an alternative route for Chinese imports overland through Burma are set to open this month.
Calls for further financial reform; health spending expected to soar by 2020; and rights groups call for end to Burmese labor abuses in Thailand.
More than US$6 billion of investment has been pumped into Burma in the last nine months, almost double the volume of the previous fiscal year.
Construction is ramping up for a new border station in northern Shan State intended to funnel tourists towards a massive private development.
Burma’s total trade volume is expected to rise by least US$5 billion, government data show, but a rising trade deficit threatens to undermine that growth.
MPT launches a new plan offering different phone and internet rates, but customers and retailers are unimpressed with the state-owned telecom provider’s new plan.