The Irrawaddy Magazine | Archive | Business | 7
Japan’s ANA Cancels Investment in Burma’s Asian Wings

ANA Holdings puts its decision to withhold an investment of $25 million down to intensifying competition between airlines in Burma.

Burma Pipeline Carries 1.87bln cm of Gas to China in First Year

Pipeline running from Arakan State’s coast to Yunnan Province in China should be able to carry 12 billion cubic meters of natural gas per year.

Oordeoo names a date for long-awaited SIM card sales, Bangkok Airways plans Chiang Mai-Burma routes and Tay Za gets a write up in Forbes magazine.

Environmental Impact Study on Thilawa 2nd Phase Due in October

Consultants for the Japan-backed Thilawa SEZ near Rangoon say the environmental impact assessment of the project’s second phase is due for release in October.

Senior US lawmaker: Burma Must Reform Before More Sanctions Easing

Republican leader says Burmese gemstones will remain US sanctioned unless the Constitution’s Article 59 (f), banning Aung San Suu Kyi from the presidency, is amended.

Information on Responsible Business Practices Largely Absent: Survey

Most Burmese companies provide little to no information on whether they have policies on responsible business practices, a survey among 60 major firms found.

Burma’s Leading Private Banks to Raise Saving Rates

Bankers say competition in the market is increasing, but they will only raise interest for savers by 0.25 percent from August 1.

Ne Win Scions Plan Takeover of Tay Za’s Bank

One of the grandsons of Burma’s late dictator says the family’s company is buying the majority of AGD Bank.

Plan for Burma-China Train Link Derailed

A railway official in Naypyidaw says there were cost and environmental concerns about the Chinese plan to link the Arakan coast to Yunnan Province’s Kunming.

Western Banks stay out of license bidding, Burma’s UNESCO sites need better tourism infrastructure and Air Mandalay expands its fleet.

For Lunch, with Love

An enterprising young company harnesses social media to meet the growing demand in Myanmar for convenient, high-quality midday meals.

Bangkok Bank Pledges to Bring Thai Investors to Burma

One of Thailand’s Big Four banks is among 25 foreign institutions hoping to be granted a license to do banking in Burma soon.

700 Protest South Korean Factory Closure in Rangoon

More than 700 workers protested in front of the South Korean Embassy to demand officials help them after a Korean-owned factory closed without paying wages.

To Stay Competitive, Burma’s State Telecoms Firm Looks to Japan

Burma’s state-backed telecoms operator is partnering with two Japanese companies in a bid to keep afloat in a rapidly expanding market.

Britain Sets Up Chamber of Commerce in Burma

The UK government and British companies are providing funding for a new body that will help businesses looking to invest in Burma’s growing economy.

Burma’s Oil Production Tipped to Decline; Fuel Imports to Increase

Report says there is unlikely to be enough investment to increase the country’s refining capacity, even as companies embark upon exploration for oil and gas.

Japan’s KDDI, Sumitomo Corp to Invest $2 bln in Burma’s MPT

Japan’s KDDI Corp and Sumitomo Corp, in partnership with Burma’s state-backed telecoms operator MPT, plan to invest about $2 billion to expand services in Burma.

Production to be expanded at Yadana gas field, gems auction brings in a record-breaking $3.4 billion, and Singapore tops the latest foreign investment figures.

Achieving Burma’s Energy Goal Will Be ‘Very Tough’: Report

The government plans to increase its electricity-generating capacity more than fivefold by 2030, but investment is needed to light up the country.

More Low-End Property Sales Registered Under New Tax System

A new tax system introduced in April that reduces rates for lower-value properties has prompted many owners to register their sales and pay taxes.