The Irrawaddy | Archive | Business | 2

Managing director of the Mandine Real Estate Agency Than Oo discusses Burma’s real estate market, which has been seeing a cool-down ahead of the election.

The Irrawaddy Business Roundup (Oct. 31, 2015)

Burma’s biggest bank may have links to murky jade trade; World Bank recognizes efforts to reform investment procedures; Thai cash-and-carry Makro could be coming soon.

RANGOON — Nine of Burma’s major political parties all purport to work for a democratic federal union, peace and ethnic unity, while they are split on issues such as the Constitution and governance, according to analysis released by an independent local research group earlier this week. Enlightened Myanmar Research (EMR) released a briefing, “The Manifestos […]

Lingering Problems, New Challenges for Foreign Investors Despite Reforms

Despite improving access for overseas capital and the streamlining of company registration, significant barriers remain for prospective foreign investors.


RANGOON — After Burma’s military yielded to a civilian government in 2010, foreign investors rushed to set up factories and raze old neighborhoods to build luxury housing estates. Five years on, the country has only a precarious foothold in the global economy. The government has loosened curbs on the media and political dissent. Many people […]

RANGOON — The acronym “SEZ” is notably absent from the campaign speeches of most candidates wooing voters in Dawei, site of a long-stalled but much-touted project that boosters say will spur development and create jobs while transforming the sleepy seaside region in southeast Burma into an industrial and maritime transit hub. Perhaps that’s because when […]

Border Trade Plans Leave Thai Locals in Flux

Locals fear the SEZ planned for Tak province on the Thai-Burma border will not only take away their farmland but also affect the trans-boundary environment.

The Irrawaddy Business Roundup (Oct. 24, 2015)

India to increase funding for Kaladan project, government unveils new statistics website, and American firm joins Magwe solar project.

Late last year, Khin Hlaing was part of a pioneering group of four candidates to win elected office in a Rangoon municipal poll that saw the Yangon City Development Committee (YCDC) gain a semblance of accountability to voters for the first time. Less than a year later, the businessman turned city official has his sights […]

Burma’s central bank has defended its decision to revoke foreign exchange licenses last week, reiterating its determination to control “dollarization.”

After Burma’s Central Bank announced the revocation of foreign exchange licenses last week, questions remain over how the move will affect local businesses.

Central Bank Revokes Forex Licenses to Control ‘Dollarization’

Burma’s Central Bank revokes foreign exchange licenses for hundreds of businesses in a bid to control “dollarization” and prop up the ailing kyat.

Thai healthcare provider Bumrungrad to open in Burma, IFC considers funding for Mandalay gas plant, and work on waste-to-energy plant begins in Rangoon.

Business Bodies Uniform in Praise for Ceasefire, Literally

Burma’s business community sends a strange and redundant message commending a ceasefire agreement between the government and armed rebel groups.

A young woman is brought to trial after sharing a satirical post on social media deemed to be insulting to Burma’s military.

At Least 8 Dead After Landslide in Karenni State

At least eight people were killed Sunday after heavy rain caused a landslide in the area of the well-known Mawchi mine in Karenni State’s Hpasaung Township.

The Irrawaddy’s Burmese website was hacked for a second time in recent days, with a falsified news story posted on the site by unknown hackers Monday.

The Irrawaddy Business Roundup (Oct. 10, 2015)

A critical look at the government’s social spending; Ledo Road revived by Chinese backers; new measures aim to prevent ‘price dumping’ as AEC takes effect.

The government expects the number of tourists who come to Burma this year to reach 5 million, but will it happen?

China Turns Firepower to Soft Power to Win Over Tiny Taiwan-Held Island

Kinmen, a half-hour ferry ride to China, is eyeing closer commercial ties with its colossal neighbor, prompting a wary welcome from the local populace.