The Irrawaddy Magazine | Archive | BUSINESS | 6
Singapore-Led Consortium Wins Kyaukphyu SEZ Consulting Tender

Five firms, led by CPG Corporation, face a tight timeline to do preparations for the deep-sea port and economic zone in western Burma’s Arakan State.

Telcoms Seen Taking Growing Share of Burma’s FDI Pie

The Myanmar Investment Commission expects that foreign investment could rise to US$5 billion in the coming fiscal year on high hopes for the telecommunications sector.

Corruption remains an obstacle to investor confidence in Burma, Thai crises leaves Burmese migrant workers at risk and Japan’s Aeon looks to build malls in Rangoon.

Thein Sein Helps Launch ‘Road Map’ for Burma Investors

The Oxford Business Group and the government launch a report that aims to demystify Burma’s economy and boost foreign investment in the long-isolated nation.

China Cutbacks Put Burma Oil Terminal, Pipeline in Doubt

A refinery in Yunnan Province to process oil transported through a pipeline from the coast of Arakan State will not be online until 2016 at the earliest.

Half of Big Asian Businesses Eyeing Move Into Burma, Survey Finds

Singapore’s United Overseas Bank, which is looking to provide funding for ventures in Burma, hosts a Rangoon forum for potential investors from China, Singapore and elsewhere.

Thailand’s PTTEP Plans $3.3B Investment in Burma as Gas Project Nears Production

The Zawtika field in the Gulf of Martaban will begin producing natural gas in a matter of weeks, the Thai company’s CEO tells reporters in Rangoon.

Singapore Firm Says it Secured Funding for Moulmein Power Plant

Foreign energy firms step up their investments in Burma, as Singapore’s Asiatech Energy announces it secured funding to build a 230-megawatt power plant in Moulmein.

Thein Sein Meets Burma’s Top Tycoons

Burma’s president seeks input from hundreds of the country’s richest and best connected businessmen over the direction of economic reforms.

Burma warned of financial fallout of cancelling the Myitsone dam in Kachin State, Burma gets a loan for import-export businesses and labor conditions improve.

Manufacturing Could Start in Burma’s Thilawa Zone in Mid-2015

An official says 40 overseas firms are interested in setting up factories in the economic zone and port development planned in the former capital, Rangoon.

Despite Growing Tourist Demand, Burma Keeps a Lid on Homestays

An official from the Tourism Ministry says there could be a clash of cultures if foreign visitors are permitted to stay in Burmese homes.

Small Business Hopes for Millions of Burmese Face Govt Squeeze

New restrictions on small-loan agencies could hurt efforts to reduce poverty in Burma, but some experts say the move is necessary to prevent rash lending.

Public Shares in Thilawa SEZ to Go on Sale Next Month

Myanmar Thilawa SEZ Holdings Public Ltd will issue shares next month to raise about US$21 million to fund the special economic zone’s first phase.

Where the Deal-makers Meet

As the country opens up to post-sanctions investment from overseas, it’s at the dozens of business conferences in Yangon’s hotels that contacts are made.

International Flight Access to Bagan Up in the Air

Burma’s Department of Civil Aviation says international commercial flights to Bagan, a major tourist draw known for its thousands of temples, are unlikely anytime soon.

Govt Still ‘Taking Input’ on Revising Alcohol Import Ban

It’s been four months since Burmese authorities cracked down on foreign alcohol imports, but a new policy to clarify the regulatory confusion is still pending.

Banking on Myanmar’s Future

Kanbawza (KBZ) Bank deputy vice-chairman U Than Lwin speaks to The Irrawaddy about the state of Myanmar’s banking sector, and the need for skilled workers.

Singapore’s Navigat Creates Blueprint for Future Burma Power Deals

A subsidiary of Singapore-based Navigat Group has begun supplying power under a purchasing agreement that will be the template for future deals by Burma.

Burma’s tourism industry needs to attract a more diverse range of visitors, trade at Muse border crossing soars, Singapore Burma’s biggest foreign investor in January.