The Irrawaddy Magazine | Archive | BUSINESS | 3
Burma Sees Foreign Investment Topping $5b in 2014-15

Burma revises its fiscal year FDI forecast to more than $5 billion, surpassing earlier expectations and led by new ventures in energy and telecoms.

Five airports get the green light for privatization, Kyaukphyu SEZ development to go out to tender, and the legacy of sanctions hinders US investment.

Taiwanese Firms Look to Cash In on China’s Strained Relations with Burma

The Taiwan Electrical and Electronic Manufacturers’ Association is reportedly planning a large investment to build an industrial park in the Irrawaddy Delta.

Burma Must Invest in Education to Boost Growth: ADB

A regional bank says Burma’s economy could grow at 9.5 percent a year until 2030, but that US$80 billion of investment is needed.

The new e-visa for tourists remains “cumbersome,” an anti-money laundering watchdog is formed and natural gas imports are sought to meet a shortfall.

Apple Supplier in China Accused of Violations

Two activist groups say a factory making the upcoming iPhone 6 is violating overtime rules, withholding wages and failing to meet safety standards.

Thai-Backed Power Plants in Burma Face ‘Difficulties’ Getting Coal

Companies based in the neighboring country are planning to build coal-fired power stations in Mon State’s Ye Township and in Mergui, Tenasserim Division.

In Burma, the Telecoms Games Begin

Competition is heating up as the state telecoms firm goes head to head with a foreign operator to win over tens of millions of customers.

Ooredoo to Focus on Pay-as-You-Go in Burma

Qatar’s Ooredoo will focus on adding more pay-as-you-go subscribers in Burma, but may provide monthly mobile contracts and fixed services in the long term.

Bangkok Targets Burma in Special Border Trade Plan

Thailand’s military junta presses forward with plans to create a special status border trading area with Burma as Thai overland exports mushroom.

Burmese Women in Agriculture Face Pay Disparity, Discrimination

Women play a key role in crop production but are often viewed as laborers, rather than farmers, and make lower wages than their male counterparts.

Sino-Burmese border market slated; UK firm wins Rangoon airport contract; container terminals planned; FDI domain expands; and Britain reprimanded on Burma Army training course secrecy.

Gap Audit Reveals Issues at Burma Garment Factories

Assessments were conducted of two South Korean-owned garment factories in Rangoon that are supplying the United States-based clothing retailer.

US Fund in Deal to Build Solar Plants in Burma

ACO Investment Group and Burma’s Ministry of Energy sign an agreement for two solar plants to be built in Mandalay Division costing $480 million.

Ahead of the publication of anti-money laundering regulations, the Financial Intelligence Unit has encouraged reporting of large-scale transactions.

Burma’s Financial Intelligence Unit Probed Ne Win Family’s Investment

An official says an investigation was carried out into transfer of shares in Asian Green Development Bank to a grandson of the late dictator.

Mobile networks hindered; PricewaterhouseCoopers fined for Burma ties; Thilawa SEZ flush with capital; India eyes Burma’s gas; and a migrant workers advocate faces legal threat.

Burmese Consumer Group Makes Bonfire of Illicit Snacks

The Consumer Protection Association of Myanmar is confiscating food products that it says are in contravention of food safety and consumer laws.

Burmese Banks Fret Over Foreign Competition

The local banking industry worries their best staff will be pulled away after Burma grants operating licenses to foreign banks next month.

Thai Coup Leaders Trigger Oil Investment Rush Into Burma

State-owned Thai energy companies are more actively pursuing oil and gas deals following the May seizure of power in Bangkok by a junta.