The Irrawaddy Magazine | Archive | BUSINESS | 7
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.

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.