The Irrawaddy Magazine | Archive | Business | 2
ADB to Loan $80M for Upgrade of Irrawaddy Delta Road

The Asian Development Bank provides Burma with an US$80 million loan for the upgrade of the Maubin-Pyapon road, a key link to the Irrawaddy Delta.

UK MPs Group Urges Return of Burma Sanctions if Abuses Don’t Stop

A British parliamentary committee advises a re-imposition of European economic sanctions on Burma if there is no improvement in the country’s human rights situation.

Rangoon Power Board to Seek Private Sector Involvement from 2015

The Yangon Electricity Supply Board will soon start courting private investment, paving the way for a possible privatization of the city’s electricity network.

General Electric to Upgrade Rangoon Power Plants

American multinational General Electric will begin upgrading Rangoon’s industrial gas turbines after finalizing an agreement with the government-owned Myanmar Electric Power Enterprise.

Govt to Push Left-Hand Steering Wheels on Future Car Imports

The government plans to carry out a policy encouraging vehicle imports manufactured with left-hand steering columns, an apparent effort to phase out their right-hand counterparts.

Report Warns Burma on Rice Price Volatility

A new World Bank study warns that instability in the price of rice in Burma is posing challenges to the country’s largely impoverished farmers.

First Myanmar Investment Announces Expansion After Record Profits

On the back of a strong financial performance, FMI is expanding its operations in the real estate, healthcare, aviation and banking sectors.

Neighborhood Rivalry ‘Puts Burma’s Oil and Gas Sector at Risk’

Burma will struggle to attract new investment in the sector because of a global industry slump and new competition from neighboring countries, a report says.

Plans to “revitalize” with an economic corridor; Bagan’s heritage bid will take time; Boeing inks deal with Air Mandalay; and China trade at Muse rises.

Rice Prices Reverse Recent Slump After Heavy Rains

Fears of a reduced yield and preparations for massive export deals have seen a resurgent rice market after last month’s lows.

Burma to Boost SME Access to Capital Through $50Mln Loan From Singapore, Vietnam

The Ministry of Industry will borrow US$50 million from Singaporean and Vietnamese banks so that it can increase government loans to small and medium enterprises.

Kyat Continues Slide Against Greenback

A resurgent US dollar and Burma’s vast trade deficit are contributing to the ongoing decline in the value of the local currency.

Mitsubishi, Jalux and Yoma to Operate Mandalay Airport

Japan’s Mitsubishi Corp and Jalux Inc will partner with Yoma Strategic Holdings Ltd to operate Mandalay airport and expand it into a regional hub.

President Obama’s visit will do little to boost US investment, Burma joins China-led regional bank, and Asian firms strongly interested in investing in Burma.

Burma, China Commit to Bilateral Trade

Burma readies to sign a bilateral trade agreement with China to increase agricultural exchange, which is likely to restart stalled rice exports.

Obama Confronts Shortcomings in Burma Reforms

As President Barack Obama arrives in Burma’s capital, he confronts a nation backsliding on economic and political reforms that were rewarded with US sanctions relief.

Kyaukphyu SEZ: Economic Reality or Pipedream?

Winners of special economic zone contracts could decide fate of grand project

Doubts raised over long-term viability of Hantawaddy Airport deal; petrochemical industry needs know-how, investment; coal to play a big role in fueling Burma’s electricity growth.

Central Bank Reduces US Dollar Sales to Private Lenders

The Central Bank of Myanmar has sharply reduced US currency sales to private banks, according to local banking industry insiders.

State-Owned Bank Threatens Legal Action Against 15,000 Indebted Farmers

The Myanmar Agricultural Development Bank is threatening legal action against more than 15,000 farmers in Irrawaddy Division who have failed to pay back their loans.