The Irrawaddy Magazine | Archive | BUSINESS | 6
Stock Market on Track, but Hurdles Remain

Much remains to be done before Myanmar launches Asia’s newest stock exchange in late 2015

The Burma-China gas pipeline is running at below 20 percent of capacity, Japanese firms show interest in Thilawa, and Burma’s jade earnings are up.

Malaysian Firms Eye Construction Prospects in Burma

Malaysia, ranked as the seventh-biggest source of foreign investment into Burma, is looking to further boost its corporate presence in the fellow Southeast Asian nation.

Burma’s Log Export Ban to Hurt Businessmen But Help Forests

The country still has some of the largest forests in Asia, despite the former military regime’s reliance on raw timber exports.

Burma Infrastructure Projects ‘At Risk’ From Political Uncertainty

Warning comes after the collapse of talks between the government and South Korea’s Incheon, which was named as the preferred builder for a massive new airport to serve Rangoon.

Burma President’s Order Allowing Small Gifts Met With Derision

Opposition politicians say Thein Sein should demand zero corruption after an order to ministries said gifts worth less than $300 were not considered corrupt.

Health, Loan Insurance Coming to Burma This Year

Burma’s insurance industry will begin providing currently nonexistent health and credit guarantee insurance policies in the 2014-15 fiscal year, according to state-run Myanma Insurance.

After Snubbing Loan, Burma Awaits China’s Response on Road Link

Naypyidaw awaits Chinese reaction after it turned down a loan to develop a highway between Kyaukphyu industrial zone on Burma’s west coast and southwest China.

EU to Start Investment Pact Talks With Burma This Week

The EU will launch negotiations this week for an investment pact with Burma, a deal aimed at giving European firms preferential access to the country.

Yoma in hotel deal with a Hong Kong firm, plans for an Arakan-to-China road and rail link are finalized, and AirAsia gives to Suu Kyi’s foundation.

Burma Tax Department Says 2,500 Tax-Evading Firms Named in Error

The Internal Revenue Department is forced to revise its list of offenders who have not paid their taxes for the 2012-13 fiscal year.

Burma Govt Plans 30,000 New Affordable Homes in Rangoon

The central government and regional authorities plan more low-cost housing as inflated land prices bar many Burmese from owning homes in the former capital.

New Bids Force Further Delay for Burma Airport Work: Official

Work on the US$1.1 billion Hanthawaddy International Airport in Burma faces additional delays because of “a major change in project policy,” a government official says.

Singapore-Listed Yoma Expands Into Coffee in Burma

Yoma Strategic Holdings plans to plant what could become the biggest coffee plantation in Burma, hoping the frontier economy can develop a strong coffee industry.

Burma’s government talks about using “unconventional exploration” for onshore oil and gas, and a report says hydropower is still the government’s best bet for energy.

Over 10,000 Companies Called Out for Evading Tax Collectors

Thousands of local companies in Burma are urged to contact the government after failing to pay taxes for the 2012-13 fiscal year.

Dawei Economic Zone ‘Lacks Clarity’ as Another Thai Firm Claims Deal

Numerous plans and announcements have been made about how an ambitious economic zone project in southern Burma will be powered.

Thailand’s True Seeks Foreign Partner for Southeast Asia Expansion

The telecommunications company controlled by Thailand’s richest man is also set to enter into a partnership with Burma’s Yatanarpon Teleport within the next two months.

FDI in Timber Processing Tops $51Mln, India Biggest Investor

India was the biggest foreign investor in Burma’s timber industry last year with investments representing half of the US $51 million invested in wood processing.

Plan to Shed Light on Burma’s Secretive Companies

A new initiative will highlight the amount of information made public by firms operating in the country, many of which are virtually invisible at present.