HAGL seeks new investor for Inya high-rise, Suzuki to assemble cars in Thilawa SEZ, and Mon State power plant gets the go-ahead.
Foreign direct investment in Burma grows sharply in 2014-2015, reaching US$8 billion, a more than doubling of investments compared to the year before.
Two Japanese and one Singaporean bank will become the first foreign banks to operate in Burma for decades when they open branches on April 23.
Burma’s rice exports rise over 40 percent in the 2014-15 fiscal year, with shipments to China dominating despite Beijing’s official ban on Burmese rice imports.
Warnings EU investment deal could keep garment wages low, Toshiba invests in hydropower, and Mitsubishi begins joint venture with local coffee maker.
The temporarily grounded Air Mandalay expects to resume international flights later this year, following a resumption of domestic routes in May.
Visa Card can now be used at Rangoon City Mart supermarkets, while the domestic card system of Myanmar Payment Union continues to suffer from problems.
Burma’s trade deficit jumps 88 percent in the fiscal year ending on March 31, driven by rapid economic expansion in the formerly military-ruled country.
Burma’s Ministry of Finance launches a new strategy that aims to expand access to financial services, such as microcredit and insurance, to a broader public.
Solar Impulse 2, an aircraft powered entirely by solar energy, left Mandalay for China on Monday morning.
Japan’s Wacoal expected to open at Thilawa, MAI flags European routes, ADB calls for education shakeup and more.
The government’s dramatic salary increase and a fivefold increase in the trade deficit will push inflation rates above GDP growth, according to forecasts.
Burma launces an export strategy aimed at strengthening smaller companies, which is a departure from military rule when a few large firms dominated the economy.
Chevron Corp signs a production sharing contract with Myanmar Oil & Gas Enterprise (MOGE) to explore oil and gas in the Rakhine Basin.
Burma’s government will protect its airline industry and keep most domestic airports off limits for regional airlines as it implements Asean’s Open Skies policy.
Britain’s BG Group and Australia’s Woodside Petroleum will invest up to US$1.08 billion to explore for oil and gas in four blocks off Burma’s coast.
Businesses’ transparency under the microscope; condominium pre-sales slow; an Indian border trade post is forthcoming; South Korea aids connectivity; and “intercultural training” offered for expats.
Jade sales at Burma’s biggest gems market slow to a near-halt, likely linked to Chinese anti-corruption campaigns and stalled production in conflict-affected Kachin State.
Domestic companies can now apply for wine import licenses, nearly one month after a major retail association stopped selling foreign alcohol demanding swift reforms.
Refurbished antique woodwork, mostly crafted during Burma’s pre-independence era, makes a roaring comeback in modern homes and offices throughout the country’s major cities.