The Irrawaddy Magazine | Archive | BUSINESS | 7

A study predicts Burma’s garment exports to revive, the country is tipped for coal-fueled power investment, and the number of hotels grows.

Govt Tender for Upgrade of Domestic Airports Expected in October

Burma’s Department of Civil Aviation says it will invite local and foreign companies to bid for projects to upgrade 39 domestic airports by October.

Chinese investment dries up, strong economic growth is predicted and an Indian firm hopes to get a second chance at Burma’s offshore oil and gas.

Credit Bureau Delayed by ‘Second Thoughts’ About Foreign Stake

Although bankers have been trying since 2012 to form Burma’s first credit bureau, concerns about how much foreign involvement should be allowed have delayed efforts.

Burma’s Border Trade Booms in 2013-14

Combined imports and exports across 14 official border points was $4.46 billion last year, as more of Burma’s trade is moving over land.

Burmese Workers ‘Prefer Abuse in Thailand to Jobs Back Home’

Despite numerous reports of rights abuses against migrant workers, projects in Rangoon suffer as workers choose higher wages abroad.

Analysts say peace is needed for investment, and a lawmaker gives a warning over Singapore’s use of sand dredged from rivers in southern Burma.

Burmese-Thai Border Trade Increases Through Myawaddy

Traders told to prepare for extra competition ahead of the Asean Economic Community in 2015, which will remove tariffs across Southeast Asia.

Burma Bans Foreign Fishing Boats From Its Waters

An end to large-scale fishing operations from overseas is welcomed by local fishers, but concerns remain about overfishing by local firms.

Inflation Expected to Rise as Burma’s Economy Grows

The country’s Central Bank has few ways to deal with rising inflation predicted by both the Asian Development Bank and the International Monetary Fund.

A Norwegian oil firm predicts big reserves for its Burmese offshore oil and gas block, and expensive private schools are eying Burma.

British School to Open in Rangoon, Offer UK Curriculum to Meet Education Demands

The British International School will open in Rangoon in August and offer a UK curriculum to meet growing demand for world-class education in Burma.

Thai-Run Gas Field to Help Meet Burma’s Power Needs

A portion of gas from an offshore field that was recently brought online by Thailand’s PTTEP will go toward use in Rangoon and Mon State.

Kyaukphyu Plan ‘Lacks Purpose’ If China Pipeline Problems Persist

An economist says the massive special economic zone planned for an island off the Arakan State coast is “really just about energy.”

Burma Awards Offshore Oil and Gas Deals to Foreign Firms

Calls for transparency as contract negotiations begin for Western firms and others to explore the country’s waters for energy resources.

Yoma’s Serge Pun Sees Long Road to ASEAN Integration

Serge Pun, owner of conglomerate Yoma Strategic Holdings, says Asean needs to work exceptionally hard to realize a balanced, EU-style integration of its disparate economies.

New Property Tax Expected to Spur Demand for Low-end Real Estate

The government will introduce reduced property tax rates next month, in particular for lower-value property, a move that will spur demand in this market segment.

Burma to Seek Development Assistance for Airport Project

The government is now in negotiations with four different firms who want to build a $1.5 billion airport in Pegu Division to serve Rangoon.

Electricity Rate Hike Could Hurt Competitiveness, Raise Consumer Prices

Business sector representatives warn that the April 1 electricity price hike will undercut competiveness of Burmese industries and drive up consumer prices.

Stock Market on Track, but Hurdles Remain

Much remains to be done before Myanmar launches Asia’s newest stock exchange in late 2015