The Irrawaddy | Archive | Business | 6
Rice Federation Calls for Export Halt on Flood Shortage Fears

The Myanmar Rice Federation has asked its members to stop exports, after dramatic rice price rises in flooded areas and fears of a drop in harvest yields.

Still Flying High as Competition Closes In: Myanmar Airways International

The KBZ group-owned airline, first launched in 1993, is contemplating ways to meet stiff competition from abroad, says senior executive Aye Mra Tha.

The Irrawaddy Business Roundup (August 1, 2015)

Yoma moves more than chicken as tractor sales soar; Telenor outpaces Qatari competitor; Thai mogul to help build the Myanmar Information Highway.

Govt Seeks Final Telco Operator from Local Firms

A year after two foreign operators revolutionized Burma’s mobile market, the government is seeking a local company to spearhead the fourth and final telecom license.

The Irrawaddy Business Roundup (July 25, 2015)

Serge Pun and Associates tops corporate transparency survey, Chinese import restrictions to blame for lingering rice glut, and Burma seeks inaugural credit rating.

New Rangoon-Ho Chi Minh City Air Route Due Early October

Vietnamese airline VietJet announces it will be that country’s first private carrier to link with Rangoon in a year when Asean is ramping up connectivity.

KBZ’s Nang Lang Kham: ‘Women Are Taking a Lead Role’

Women are “a force for national development” says Ma Nang Lai Kham of the Kanbawza group of companies.

Heineken Brewer: ‘Quality is the Most Important Thing’

The Irrawaddy speaks with Lester Tan, managing director of Heineken’s new brewery in Rangoon, about how the company might fare in Burma’s battle of the beers.

The Irrawaddy Business Roundup (July 18, 2015)

Controversial Salween dam moves forward; Rangoon stock exchange launch is delayed; business e-visas now on offer; and a US company aims to court Burma’s “GenMobile.”

Burma’s Imports Continue to Outpace Exports in Q1

Burma’s exports rise in the first quarter of the fiscal year compared with the same 2014-15 period, but fail to keep pace with increasing imports.

Minimum Wage Gathers Support From Abroad

International labor groups and multinational companies urge the government and recalcitrant garment manufacturers in Burma to accept a daily minimum wage of 3,600 kyats.

No Hanky Panky: SEAsia Apps Woo Investors with Local Expertise

Peekawoo is one of several dating apps set up by Southeast Asian start-ups to cater to tech-savvy, time-poor millenials living in largely conservative societies.

Central Bank Closes Exchange Gap, Further Weakening Kyat

Burma’s Central Bank brings its official currency exchange rate in line with the black market, leading illicit traders to push the unofficial rate further skyward.

State-Owned Telecom Slashes Landline Fees as Users Go Mobile

Myanmar Posts and Telecommunications (MPT) halves the price of landline phone installation after years of wringing the country’s monopolized communications market.

The rapidly expanding Muse trade hub is falling prey to the scourge of Burma’s other proposed SEZs: skyrocketing land prices and loss of tenure rights.

The Irrawaddy Business Roundup (July 11, 2015)

World Bank ‘heartened’ by economic growth; gas output could decline; flag carrier plans risky move and Heineken to enter Burma’s beer market.

The consortium behind one of five projects canceled by the Burmese government defends the development but says it “respects” the decision to terminate the project.

Time to Set the Kyat Free

The recent fall in value of the Burmese kyat should not mean a return to the command and control monetary policies of the past, writes Sean Turnell.

Chinese Brokers Woken from Global Dreams by Market Emergency

The business plans and overseas ambitions of Chinese brokerages are being shelved as Beijing pushes them to arrest a dramatic plunge in domestic equity.

Malaysia’s Najib Considers Legal Action Over WSJ Report

Malaysian PM Najib Razak tells lawyers to consider action against the newspaper, which reported that investigators probing a state fund traced deposits to him.