The Irrawaddy | Archive | Business | 3
Historic Pacific Trade Deal Faces Skeptics in US Congress

Twelve Pacific Rim countries reach the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world’s economy.

World Bank Forecasts Drop in Burma’s Economic Growth

A World Bank report released Monday predicts a drop in Burma’s economic growth for the 2015-16 fiscal year, due in part to recent flooding.

World Bank Trims 2015, 2016 East Asia Forecasts

The World Bank has cut its 2015 and 2016 growth forecasts for the developing East Asia and Pacific region, citing a sharp slowdown in China.

The Irrawaddy Business Roundup (Oct. 3, 2015)

Burma economy fares poorly on competitiveness; Telenor expands to western Burma; Australian bank ANZ opens Rangoon office; and tourist arrivals tipped to reach 4.5 million.

A delegation of US business representatives is set to arrive in Rangoon late this year, according to an official from Burma’s chamber of commerce.

RANGOON — The results are in for local tech hub Phandeeyar’s #MaePaySoh hack challenge, an elections app competition that saw more than 100 of Burma’s best and brightest software developers battle it out for big prizes. The grand prize went to Team Pop Stack, a group of five university students who designed the MVoter2015 app, […]

After Delays, Domestic Telecoms Partners to be Announced in October

Burma’s communications ministry further delays awarding a fourth and final telecom license until mid-October following a fiercely contested bid for the coveted permit.

The Irrawaddy Business Roundup (Sept. 26, 2015)

Microsoft to aid local conglomerate; Warnings over gas price volatility; IFC to advise Burma on dam impacts; Japanese-backed Thilawa SEZ officially opens.

Japan’s Abe Airs Abenomics 2.0 Plan for $5 Trillion Economy

Shinzo Abe’s updated plan for reviving Japan’s economy and achieving a GDP target of 600 trillion yen suggests earlier policies were not doing the trick.


RANGOON — As Burma’s President Thein Sein nears the end of his term, and amid an apparent pitch to portray himself as the architect of a successful reform agenda, questions have been raised about the true extent of his accomplishments. Since taking office in 2011 as the leader of a new quasi-civilian government following decades […]

Rice Export Restrictions to be Lifted Mid-October: Commerce Ministry

Burma’s government this week announced a further easing of restrictions on rice exports after a 45-day suspension was conditionally lifted on September 15.

Roving anti-smuggling teams have seized more than 50 billion kyats worth of smuggled goods in border areas over the last three years, the ministry says.

UK Eyes Greater Yuan Role, More Chinese Nuclear Investment

British finance minister George Osborne says Britain would welcome majority Chinese investment in future nuclear projects in the UK.

The Irrawaddy Business Roundup (Sept. 19, 2015)

Burma feeling impact of China slowdown; Shell set to explore Dawei; Thilawa to get tricked out tech center; Japanese firm joins Burma’s booming tractor biz.

Twelve Months on, Kyaukphyu Tender Still up in the Air

Twelve months since Burma’s government opened bids for the development of the Kyaukphyu SEZ, officials remain noncommittal regarding the successful bidders.

The World Bank approved an interest-free loan to Burma of US$400 million on Wednesday to aid the country’s ambitious National Electrification Plan.

RANGOON — With more than 6,000 candidates from over 90 political parties shaping up to compete in Burma’s rapidly approaching general election, local programmers are doing their bit to help make sense of it all. Phandeeyar, a Rangoon-based technology organization that fosters social innovation, played host to the launch of the MaePaySoh (“Let’s Vote”) “hackathon” […]

While rice exports via sea routes resumed Tuesday, overland exports remain suspended as the government considers tweaking trade policy after recent floods.

RANGOON — With 55 days to Burma’s Nov. 8 general election, candidates for the poll are beginning to pound the pavement—and increasingly, the keyboard—in search of voters’ favor. Unsurprisingly, given the enormous popularity of the social networking platform, several candidates have taken to Facebook to garner support for their parliamentary bids in recent days, and […]


RANGOON — Amid a rash of criticism over Burma’s candidate vetting procedures, one minority does not seem to be suffering any setbacks: the rich. A number of so-called “cronies” have cleared the interpersonal and administrative hurdles that left many prominent pro-democracy activists, followers of Islam and other non-mainstreamers behind. US-blacklisted Htay Myint and Khin Shwe, […]