Burmese migrant laborers in Thailand’s shrimp canning industry win a pay and rights deal, IMF urges autonomy for financial institutions and a tourist crossing is to open on the Chinese border.
The International Monetary Fund says Burma’s economic outlook is favorable, but warns that rising inflation looms for the Southeast Asian nation amid ongoing economic reforms.
Report from analysts Business Monitor International predicts that political uncertainty will stop the foreign investment necessary to fund new construction in the country.
With a jump in tourist visits, it’s boom time for Bagan’s lacquerware businesses, but more lucrative job prospects are drawing talent away from the craft.
Plans for hydropower dams in Kachin revealed, Indian businesses in Rangoon and Asian Wings launches new Chiang Mai-Mandalay route.
More than 100 factory workers protest outside a textile factory in Mandalay Division, urging the government to intervene in a dispute with their Chinese employer.
South Korea’s Lotte Chilsung Beverage and Myanmar Golden Beverage will team up to produce and distribute PepsiCo drinks in Burma.
India’s largest auto maker has set up an assembly plant in central Burma and is importing new cars, but used Japanese are the first choice for Burmese car buyers.
Analysts say ambitious infrastructure plans to link southern Burma with Thailand are effectively on hold.
Japan’s KDDI Corp and Sumitomo Corp are likely to partner with Burma’s state-backed telecommunications operator to expand services in one of the world’s least-connected countries.
Burma’s business environment deemed “most improved, India’s Infosys wins big government contract, and new budget aims for 28 percent economic growth in Naypyidaw.
A new tax measure has helped cool Rangoon’s overheated property market, with sale prices stagnating for high-end properties, but rental fees are still soaring.
Industrial zone projects are underway in Shan State’s Kokang self-administrative region, and local lawmakers are inviting foreign investment to the area on the Sino-Burmese border.
As Burma prepares to begin its chairmanship next week, critics consider whether the country’s infrastructure is up for the challenge.
Hong Kong jade dealers said their businesses suffer from soaring prices for raw jade and jewelry due to concerns over a shortage of Burmese supplies.
Philippine workers based in Burma remitted US$150,000 to their homeland in 2013, in another small signal of Burma’s economic reintegration with the wider world.
Index highlights the investment risk of land grabs, 118 firms are authorized to do business in Burma in 2013 and railways are to be sold off.
Amid a review of import policy, Burmese officials relax enforcement of alcohol import restrictions after sudden crackdown left shelves empty.
The government is set to award 30 offshore blocks to firms for exploration, and industry figures will flock to conferences held in Burma.
Indian companies and suppliers will be used for irrigation projects in Burma and improvements to the country’s crumbling railways infrastructure.