Thailand and Burma will sign a pact in January aimed at reviving the multi-billion dollar Dawei industrial zone in southern Burma.
In an effort to raise commercial tax compliance rates, the Internal Revenue Department will enforce a pre-purchase stamp system for customer receipts at dining establishments.
An international survey says Burma remains one of the worst countries in Asia for public sector graft and is the 19th most corrupt country globally.
Economists peg the health of Burma’s economy to the political environment ahead of next year’s general election, saying stability is key to growth.
Burma investment is an “extreme risk”; Chinese oil giant will aid domestic industry; Japanese lender partners with local bank; and stalling reforms endanger the economy.
A Ministry of Communications and Information Technology official denies a report that a military-owned conglomerate will become Burma’s fourth telecom operator.
The Asian Development Bank provides Burma with an US$80 million loan for the upgrade of the Maubin-Pyapon road, a key link to the Irrawaddy Delta.
A British parliamentary committee advises a re-imposition of European economic sanctions on Burma if there is no improvement in the country’s human rights situation.
The Yangon Electricity Supply Board will soon start courting private investment, paving the way for a possible privatization of the city’s electricity network.
American multinational General Electric will begin upgrading Rangoon’s industrial gas turbines after finalizing an agreement with the government-owned Myanmar Electric Power Enterprise.
The government plans to carry out a policy encouraging vehicle imports manufactured with left-hand steering columns, an apparent effort to phase out their right-hand counterparts.
A new World Bank study warns that instability in the price of rice in Burma is posing challenges to the country’s largely impoverished farmers.
On the back of a strong financial performance, FMI is expanding its operations in the real estate, healthcare, aviation and banking sectors.
Burma will struggle to attract new investment in the sector because of a global industry slump and new competition from neighboring countries, a report says.
Plans to “revitalize” with an economic corridor; Bagan’s heritage bid will take time; Boeing inks deal with Air Mandalay; and China trade at Muse rises.
Fears of a reduced yield and preparations for massive export deals have seen a resurgent rice market after last month’s lows.
The Ministry of Industry will borrow US$50 million from Singaporean and Vietnamese banks so that it can increase government loans to small and medium enterprises.
A resurgent US dollar and Burma’s vast trade deficit are contributing to the ongoing decline in the value of the local currency.
Japan’s Mitsubishi Corp and Jalux Inc will partner with Yoma Strategic Holdings Ltd to operate Mandalay airport and expand it into a regional hub.
President Obama’s visit will do little to boost US investment, Burma joins China-led regional bank, and Asian firms strongly interested in investing in Burma.