The Irrawaddy | Archive | Business | 3

Krispy Kreme to open 10 outlets, Comms Ministry sets capital requirements on fourth telco license, and Scottish firm supplies controversial Kachin jade mines.

The relocation of cancelled developments planned near Shwedagon Pagoda is likely to be finalized by the end of the year, according to the Myanmar Investment Commission.

Burma’s largest beer maker, military-owned Myanmar Brewery Ltd., aims to increase its annual production by 50 percent in the years ahead.

As the kyat continues its slide, sources say the Central Bank of Myanmar will soon set down punishments against businesses charging in US dollars.

The real estate market in the commercial capital has seen little new sales or investment as developers await the results of the country’s November election.

New researchprovides a window into the mindset of Burma’s little-understood electorate ahead of the start of official campaigning for the Nov. 8vote.

Over the past year I have worked alongside indigenous ethnic communities from Burma who fled mass atrocities committed by the central government and military. Despite violence and repression, these communities have built up incredible civil society organizations, and are tirelessly advocating for peace, justice, and human rights. But the international community is not listening. When […]

Turmoil at the Top Prompts Business Uncertainty

The recent ousting of ruling party chairman Shwe Mann has sent a shiver through Burma’s business world, with the rumor mill ticking into overdrive.


RANGOON — In Burma’s business environment, where many prominent firms have close ties to officialdom, political developments at the top can have major ramifications for the economy. It remains to be seen how significantly the political turmoil that recently engulfed Burma’s ruling party will play out in Burma’s business sector. When Union Parliament Speaker Shwe […]

Warnings on financial and cyber crime, Myanmar National Airlines inaugurates Singapore route, and Railways Ministry asks for repair funds.

Kirin Buys Majority Stake in Myanmar Brewery

Japan’s Kirin Company has announced the purchase of a majority stake in Burma’s most lucrative beer manufacturer from Singapore-based Fraser & Neave.

Govt Task Force Nabs ‘Illegal’ Materials from Flood Relief Vehicles

A mobile government task force assigned to combat the smuggling of goods confiscated materials from two vehicles involved in flood relief efforts on Monday.

Central Bank Talks Up Stability amid Economic Challenges

The Central Bank of Myanmar pledged Tuesday to assist private banks that run into financial difficulties, looking to address rumors of economic instability.

RANGOON — The Central Bank of Myanmar pledged Tuesday to assist private banks that may run into financial difficulties, looking to address recent speculation that some financial institutions were heading for a crash due in part to the recent depreciation of the kyat. Central Bank officials held a meeting with representatives from several private banks […]

RANGOON — Two major domestic airlines have denied rumors of service disruption linked to recent upheaval in Burma’s ruling party. Representatives of both Air Bagan and Asian Wings told The Irrawaddy on Monday that the rumors, which made the rounds on social media over the weekend, were completely baseless. Air Bagan has temporarily suspended service […]

The Irrawaddy Business Roundup (August 15, 2015)

IFC denies commitment to Dawei; Digicel may dump Burma stakes; Asia World gets the better of mysterious airport tender.

Experts Warn Floods, Political Instability Will Hit Local Economy

Ructions within the ruling party and recent nationwide flooding are likely to hinder economic growth in the coming months, business leaders and analysts said on Friday.

MYITSONE, Kachin State — Thein Sein announced in September 2011 that the construction of the Myitsone Dam would be suspended “for the duration of our government,” a move that will be remembered as one of the key moments of his presidency. However, with the general-turned-politician’s term of office to conclude in less than eight months, […]

Standard Chartered, Citi to Advise on Credit Rating

The Burmese government has enlisted the advisory services of banking giants Citi and Standard Chartered as the country seeks its first ever credit rating.

Rice Federation: More Than 1 Million Acres of Paddy Fields Destroyed by Floods

The Myanmar Rice Federation says some 1.3 million acres of paddy fields have been swamped by flooding, mainly in Sagaing Division’s Kale, Kanbalu and Monywa.