Royal Dutch Shell has signed an exploration and production-sharing contract with a state-owned firm for three offshore deep-water blocks off Arakan State and Tenasserim Division.
Burma is named one of the five best countries in the world for cheap labor, making it attractive for manufacturing investment.
In an effort to tighten up Burma’s loosely enforced tax code, nearly 200 domestic companies will be de-registered for evasion, officials announced on Wednesday.
A Burmese rice milling company and the Chinese firm CAMC Engineering partner to improve the quality and capacity of rice milling operations in Burma.
Nga Yoke Kaung residents have blocked a survey for a planned coal power plant, prompting an offer for villagers to inspect coal facilities in Japan.
Burma opens a deep sea port off its western coast, part of a project that will carry crude oil from the Middle East to China.
Italian-Thai Development Pcl. and Rojana Industrial Park will sign a $1.7-billion deal in March to develop the Dawei industrial zone, the Thai government said.
Chinese-backed oil refinery planned for Dawei; negotiations underway for Mon State beach resort; and Thai government flags cross-border trade expansion with Burma.
Burma’s sole domestic card-based payment system, Myanmar Payment Union (MPU), will offer online services beginning in early February, according to an executive.
Burma’s Central Bank sold less than half the 50 billion kyats worth of treasury bonds on offer in an auction aimed at reforming the economy.
Mizzima Media Group will cease publication of its local-language print newspaper on March 1, as local businessman Serge Pun ends his involvement with the organization.
The Denmark-based Carlsberg Group will begin brewing beer in Burma from March, in a joint venture with local firm Myanmar Golden Star.
The Tourism Ministry aims to attract 4.5 million visitors this year, despite recent criticism on the accuracy of its visitor figures and tourism development approach.
The goal of creating a single business market among Asean’s 10 member countries by the end of this year faces considerable hurdles, analysts warn.
Switzerland’s Kempinski Group and Thai and Burmese investors are developing Rangoon’s old Police Commissioner’s Office into a luxury hotel, a move opposed by Burmese lawyers.
Madae Island residents plan to air their grievances over the Kyaukphyu oil pipeline, which is expected to begin operations by the end of the week.
Poor marks for transparency; Britain promotes oil in Burma; Indonesian smelter plans revived; barrier-free tourism sought; and Thailand urged to do more on migrant labor.
The plunge in global oil prices is good news for Burmese consumers, but is shrinking profit margins for the country’s crude exporters.
The Minister of Commerce says the volume of goods being smuggled across Burma’s borders with China and Thailand is rising, despite a recent government crackdown.
A parliamentary drafting committee rejects Burmese President Thein Sein’s revisions on a plan to raise government salaries, according to lawmakers.