Negotiations begin to select foreign investors to explore for oil and gas off Burma’s coast, but it could be eight months before licenses are awarded.
President Thein Sein proposes that a former head of the central bank of Burma be brought back after the bank becomes independent.
Government gets a stake in Letpadaung; Belgian engineers study the Irrawaddy; a refinery is planned for Mon State; and legal firms entering Burma face challenges.
Western governments are pressured to re-apply conditions for trade and investment with Burma to force President Thein Sein to address continuing abuses in the country.
By expanding its role in the Myanmar economy, the United States hopes to slow China’s growing clout in Southeast Asia.
China to build railway rolling stock factories, “serious gaps” remain in US requirements on firms investing in Burma, Muse cross border trade worth US$600 million.
Burma’s richest citizens are taking their money out of the country and investing in upmarket property in London.
While Burma struggles to cope with a surge in foreign tourists, increasing numbers of Burmese are flying out of the country for health care.
A British tobacco company returns to Burma, Thai businesses were the biggest foreign investors in June and a Thai firm finds gas in Burmese waters.
An airport to rival other regional hubs will be built in central Burma, while the international airports in Rangoon and Mandalay prepare for an upgrade.
Though Burma is “one of the world’s most exciting new markets,” practical hurdles to doing business have left American companies reluctant to invest.
Japanese firm relocates to Rangoon; Burma auctions US$2.6b in gems; Yunnan refinery to proceed; Carlsberg has Burma timetable; and skin whitening creams taken off market.
With ATMs being installed across Burma’s commercial capital, the black-market exchange of US dollars to kyat continues—at least for now.
Thai traders are flocking to Burma to buy rice with the aim of selling it to a Thai government rice-buying scheme, Burmese rice merchants say.
US businesses file “responsible investment” reports after putting US$500,000 in Burma, while the US government blacklists a Burmese general for alleged deals with North Korea.
Telecoms license winner foresees rapid growth; a Dawei coal-burning station is slammed; a Japanese bank breaks financial sanctions; and Russia boosts military ties with Burma.
Burma’s currency continues to fall and has now dropped almost 18 percent in value since the government floated the kyat in early April last year.
Norway’s Telenor and Qatar’s Ooredoo win two 15-year mobile network licenses in Burma, fending off challenges from some of the world’s biggest telecoms providers.
A dispute between Thai conglomerate Charoen Pokphand and its Burmese employees in Thailand raises questions about the future impact of corporate agriculture in Burma.
The awarding of new foreign telecoms licenses could mean the end for the landline phone operators wedged between teashops and food stalls in Rangoon.