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.
The Zawtika field in the Gulf of Martaban will begin producing natural gas in a matter of weeks, the Thai company’s CEO tells reporters in Rangoon.
Foreign energy firms step up their investments in Burma, as Singapore’s Asiatech Energy announces it secured funding to build a 230-megawatt power plant in Moulmein.
Burma’s president seeks input from hundreds of the country’s richest and best connected businessmen over the direction of economic reforms.
Burma warned of financial fallout of cancelling the Myitsone dam in Kachin State, Burma gets a loan for import-export businesses and labor conditions improve.
An official says 40 overseas firms are interested in setting up factories in the economic zone and port development planned in the former capital, Rangoon.
An official from the Tourism Ministry says there could be a clash of cultures if foreign visitors are permitted to stay in Burmese homes.
New restrictions on small-loan agencies could hurt efforts to reduce poverty in Burma, but some experts say the move is necessary to prevent rash lending.
Myanmar Thilawa SEZ Holdings Public Ltd will issue shares next month to raise about US$21 million to fund the special economic zone’s first phase.
As the country opens up to post-sanctions investment from overseas, it’s at the dozens of business conferences in Yangon’s hotels that contacts are made.
Burma’s Department of Civil Aviation says international commercial flights to Bagan, a major tourist draw known for its thousands of temples, are unlikely anytime soon.
It’s been four months since Burmese authorities cracked down on foreign alcohol imports, but a new policy to clarify the regulatory confusion is still pending.
Kanbawza (KBZ) Bank deputy vice-chairman U Than Lwin speaks to The Irrawaddy about the state of Myanmar’s banking sector, and the need for skilled workers.
A subsidiary of Singapore-based Navigat Group has begun supplying power under a purchasing agreement that will be the template for future deals by Burma.
Burma’s tourism industry needs to attract a more diverse range of visitors, trade at Muse border crossing soars, Singapore Burma’s biggest foreign investor in January.
Burma looks set to get a new law to counter money laundering soon, but the country still faces numerous challenges in curbing financial crimes.
Burmese businesses expect more foreign investment after the Export and Import Bank of the United States begins offering credit for trade with Burma.
A researcher claims the flow of goods smuggled over Burma’s borders with China, Thailand and India is increasing, with the trade in narcotics the most lucrative.
The widening chasm between supply and demand has sent real estate prices in Yangon soaring to new heights.
Myanma Airways inks a deal to lease 10 commercial aircraft, and enlists a consulting arm of General Electric to create and implement an expansion plan.