Memories of a financial meltdown in 2003 weigh heavily on Myanmar banks’ hopes to reintroduce consumer-friendly credit services in the near future.
Even as Burma modernizes its financial system, use of international money transfer services remains a challenge, with banks’ reach beyond the country’s larger towns limited.
World Bank funds power station upgrade, farmers seek compensation over abandoned dam and Suu Kyi calls for investors to demand transparency.
Burma’s national TV and radio broadcaster is upgrading its broadcasting system from analogue to digital, and starts digital TV broadcasts in three major cities Tuesday.
Burma’s Central Bank gives private lender Cooperative Bank permission to issue internationally accepted prepaid debit cards in a first for the country’s antiquated financial system.
“Green” operator to bring “clean coal” to Burma; Taiwan delegation seeks rice role; SingTel still investing in Burma; tour operators irked by extra fees
NGOs say efforts to tackle labor abuses in Thailand’s seafood processing factories, which employ thousands of migrant workers from Burma, are falling short.
Burma’s Ministry of Energy is looking to be more generous to companies bidding for oil and gas licenses in hope of tapping new reserves.
After a 20-year absence from Burma, the World Bank has approved an interest-free US$140 loan to fund a power plant in Mon State.
After decades of dominating Myanmar’s skies, domestic carriers brace for turbulence as foreign players are expected to take a larger slice of the aviation market.
Taiwan-based electronics firm, co-founded by a Burma-born businessman, is getting ready for the phone market to take off.
Burma’s future electricity needs are more likely to be fueled by coal than the country’s offshore oil and gas reserves, energy experts predict.
Burma’s economic outlook is positive, but the World Bank says the country’s entrepreneurs may struggle to compete with rising foreign investment as Asean integrates.
Japan automaker Nissan plans to open a Burma factory, Chinese firms want to revamp Burmese infrastructure and global food producer Nestle is entering the country.
Japan’s Nissan Motor Co announces that it will produce 10,000 cars a year at a new factory in Burma’s Pegu Division from 2015.
Ooredoo to provide rural women jobs; US$780 million approved for Rangoon construction; Thais, Chinese to research wind power; and VietJet Air targets Myanmar Airlines.
Two of Burma’s major private banks are waiting for the Central Bank to allow them to issue debit cards that can be used overseas.
Snr-Gen Min Aung Hlaing reportedly discusses the multi-million dollar port project in a meeting with Thailand’s prime minister in Bangkok.
Months after the United States published the first reports by American companies investing in Burma, big brands such as Coca-Cola remain absent from the filings.
A new authorized reseller of Apple computers is set to open in Rangoon this month, but a black market for electronics means cheaper alternatives remain.