The Irrawaddy | Archive | Business | 2
Govt Gives Green Light for Wine Imports

Domestic companies can now apply for wine import licenses, nearly one month after a major retail association stopped selling foreign alcohol demanding swift reforms.

Antique Furniture Enjoys a Rangoon Renaissance

Refurbished antique woodwork, mostly crafted during Burma’s pre-independence era, makes a roaring comeback in modern homes and offices throughout the country’s major cities.

Property Market ‘Still Strong’

Sai Khun Naung, managing director of Sai Khun Naung Real Estate Company, discusses the outlook for Rangoon’s booming property market.

The Irrawaddy Business Roundup (Mar. 14, 2015)

MPT continues to tower over telco rivals, Yoma railway office development approved in Rangoon, and expansion announced for Mandalay gas plant.

Another Deadline Missed by Kyaukphyu SEZ Developers

Bidders claim the Kyuakphyu SEZ selection committee lacks transparency as announcement of winning firms is delayed for the second time this year.

Ongoing Suspension Puts High-Rise Developers, Investment Commission at Loggerheads

The suspension period for five construction projects near Shwedagon Pagoda has been extended, as the Myanmar Investment Commission considers recommendations to reduce planned building heights.

Wine Imports to Flow Freely Under New Policy

Foreign wine imports will be legalized in April, the first stretch of phasing out Burma’s decades-long ban on alcohol imports.

The Irrawaddy Business Roundup (Mar. 7, 2015)

UN calls for business reforms, experts warn on new state-owned bank risks, ring road mooted for Rangoon, and former capital ranks poorly on global survey.

Rangoon Govt Power Supplier to Become Corporate Entity

The Yangon Electricity Supply Board will become a government-owned corporate entity on April 1; part of a plan to privatize electricity supply to Rangoon.

The Irrawaddy Business Roundup (Feb. 28, 2015)

Government intervention sought in garment strikes; Chinese bank to lend $300 million for microfinance; Yetagun gas production halt considered; and investors not prioritizing human rights.

City Mart Director Listed in Forbes’ Asia’s 50 Power Businesswomen 

Forbes Magazine lists Win Win Tint, managing director of Burma’s largest retailer City Mart Holdings, in its Asia’s 50 Power Businesswomen list.

Rangoon Labor Strike Continues on Small Scale Amid Rising Tension

Some 100 laborers continue to strike for pay rises from three garment factories, despite arrests of demonstrators and calls by authorities to end the strike.

The Irrawaddy Business Roundup (Feb. 21, 2015)

IMF predicts GDP slowdown, Wanbao bus attacked at Letpadaung, trade booming at Myawaddy checkpoint, and boutique businesses TS1 and Port Autonomy shuttered at Lanthit Jetty.

Observers Weigh FDI Impact of Ongoing Ethnic Conflict

Recent conflicts between the government and armed ethnic rebels in Burma are unlikely to impact investment in 2015, though broader turmoil could crimp inflows.

Border Trade With China Dented by Kokang Clashes

Cargo through the border town of Muse declines, with traders blaming recent fighting in northeast Burma and the coming Chinese New Year.

SABMiller silent on Burma investment reports; Kyaukphyu SEZ contracts to be awarded this month; and firms jostle to provide stock exchange services.

Telenor Weighed Down by Surging Asian Costs

Mobile phone operator Telenor missed fourth quarter profit estimates and expects margins to fall this year as it ramps up spending in Burma.

SABMiller Eyes Stake in Burma Brewer: Sources

SABMiller considers taking a stake in Burma’s biggest brewer, a deal that would partner it with a conglomerate tied to the former ruling military.

Myanmar Times Announces Launch of Daily Edition

The Myanmar Times announces it will go from a weekly to daily print edition on March 9, making it Burma’s only private English-language daily.

Development banks deny plans to fund Nga Yoke Kaung coal station; China to spend billions on Yunnan; and Singapore’s banks seek closer ties with Burma.