Foreign banks may be allowed to operate this year although they will only be allowed to have branches in certain areas and offer limited products.
Qatari telecom firm Ooredoo says it will expand access to 60 percent of people in the country by the end of the year.
Through a new “one-stop” office in Rangoon, the country’s investment body is looking to make it easier for international firms to enter the frontier economy.
Tourists could choose Burma after Thailand’s troubles, Rangoon’s airport will double in capacity and an investment shortage holds back the country’s seafood industry.
A United Nations-led survey finds that few people save money, and that many are forced use expensive informal lenders.
Most people are feeling the squeeze of rising prices, but Nyan Tun reportedly insists that 2,000 kyat, or just over $2, per day, is enough.
The opening up of Burma’s economy has meant a surge in ownership of used cars that are boosting demand and imports of fuel.
Former Norwegian Ambassador to Burma Katja Nordgaard will join Telenor, a Norwegian firm that she helped to win a license to develop Burma’s telecom sector.
Study says the Burmese government must maintain the momentum of reforms in order for the country to fulfill its “vast economic potential.”
The United States charges five Chinese military officers and accused them of hacking into American nuclear, metal and solar companies to steal trade secrets.
A local manager for Chinese company Wanbao says the firm did not give in to demands made by activists who want the Letpadaung mine closed.
The UK government supports resource development, Malaysia’s trade minister encourages firms to invest in Burma, and the country’s import-export gap widens.
A lawmaker says the new policy should come during the next Parliament, and may include rules around the entry of foreign banks into Burma.
The Singapore-based regional airline lauds Burma’s second city as a “promising destination” as it announces a new three-times-a-week direct flight from next month.
It is hoped the event will help small businesses and entrepreneurs in Burma to get connected with companies offering market information and technology.
Burma’s Deputy Minister of Communications and Information Technology Thaung Tin talks to The Irrawaddy as the country’s telecoms sector is about to be transformed.
Smuggling of logs continues after an export ban, a UK law firms opens in Rangoon and a survey finds corruption the biggest concern for business.
Despite concerns the capital would be booked out for this week’s Asean Summit, hoteliers predict that they will still have spare capacity.
The Thai carrier adds extra flights to meet demand ahead of the Asean Summit to be held in Naypyidaw later this month.
About 20 percent of firms in a UN-led survey called graft a “very severe obstacle,” with access to skilled labor and technology the next biggest obstacles.