SABMiller silent on Burma investment reports; Kyaukphyu SEZ contracts to be awarded this month; and firms jostle to provide stock exchange services.
Mobile phone operator Telenor missed fourth quarter profit estimates and expects margins to fall this year as it ramps up spending in Burma.
SABMiller considers taking a stake in Burma’s biggest brewer, a deal that would partner it with a conglomerate tied to the former ruling military.
The Myanmar Times announces it will go from a weekly to daily print edition on March 9, making it Burma’s only private English-language daily.
Development banks deny plans to fund Nga Yoke Kaung coal station; China to spend billions on Yunnan; and Singapore’s banks seek closer ties with Burma.
Royal Dutch Shell has signed an exploration and production-sharing contract with a state-owned firm for three offshore deep-water blocks off Arakan State and Tenasserim Division.
Burma is named one of the five best countries in the world for cheap labor, making it attractive for manufacturing investment.
In an effort to tighten up Burma’s loosely enforced tax code, nearly 200 domestic companies will be de-registered for evasion, officials announced on Wednesday.
A Burmese rice milling company and the Chinese firm CAMC Engineering partner to improve the quality and capacity of rice milling operations in Burma.
Nga Yoke Kaung residents have blocked a survey for a planned coal power plant, prompting an offer for villagers to inspect coal facilities in Japan.
Burma opens a deep sea port off its western coast, part of a project that will carry crude oil from the Middle East to China.
Italian-Thai Development Pcl. and Rojana Industrial Park will sign a $1.7-billion deal in March to develop the Dawei industrial zone, the Thai government said.
Chinese-backed oil refinery planned for Dawei; negotiations underway for Mon State beach resort; and Thai government flags cross-border trade expansion with Burma.
Burma’s sole domestic card-based payment system, Myanmar Payment Union (MPU), will offer online services beginning in early February, according to an executive.
Burma’s Central Bank sold less than half the 50 billion kyats worth of treasury bonds on offer in an auction aimed at reforming the economy.
Mizzima Media Group will cease publication of its local-language print newspaper on March 1, as local businessman Serge Pun ends his involvement with the organization.
The Denmark-based Carlsberg Group will begin brewing beer in Burma from March, in a joint venture with local firm Myanmar Golden Star.
The Tourism Ministry aims to attract 4.5 million visitors this year, despite recent criticism on the accuracy of its visitor figures and tourism development approach.
The goal of creating a single business market among Asean’s 10 member countries by the end of this year faces considerable hurdles, analysts warn.
Switzerland’s Kempinski Group and Thai and Burmese investors are developing Rangoon’s old Police Commissioner’s Office into a luxury hotel, a move opposed by Burmese lawyers.