The Irrawaddy Magazine | Archive | Business | 8
Private US Report Accuses Another Chinese Military Unit of Hacking

A cyber security firm says it is presenting “undeniable” evidence that part of the People’s Liberation Army has attacked Western government agencies and defense contractors.

Concern Over US Enforcement of Burma Investment Rules

The US Campaign for Burma says some companies may be “flying under the radar” of the American authorities meant to be enforcing reporting requirements.

Mergui Archipelago’s Kadan Island Slated for $4m Resort

The Myeik Public Corporation plans to invest US$4 million in a resort on Kadan Island in the largely untouched Mergui Archipelago next year.

Myanmar Oil & Gas Enterprise is looking for partners for its “corporatization,” and the rules for Burma’s new stock exchange have not yet been approved.

Senior US Commerce Official Opens Burma Trade Office

US Secretary of Commerce Penny Pritzker christens a new trade office in Burma as she seeks to deepen economic ties between the two long-estranged nations.

Thailand’s Coup May Affect Burma’s Oil and Gas Sector

With the new military rulers in Bangkok looking to kick-start extraction projects, analysts see both plusses and minuses for Burma’s nascent industry.

European Donors Fund Savings Co-Ops in Karen State

A project worth about $1.3 million will attempt to extend access to financial services in the remote ethnic state in eastern Burma.

Switch to Telenor by Ex-Ambassador to Burma Provokes Criticism in Norway

The recent appointment of Norway’s former ambassador to Burma to an executive position at Telenor Group has come under scrutiny in the Norwegian media.

Will Private-Public Partnerships Fly?

Myanmar’s bid to upgrade dozens of regional airports with investment from the private sector runs up against some economic realities.

Thilawa Residents Formally Complain to Tokyo

In the first formal complaint filed under JICA’s objection procedures, three residents list the negative effects of Japanese investment at the Thilawa Special Economic Zone.

Former Norway Envoy’s Telenor Move Raises Eyebrows

The move of Norway’s former ambassador to Burma to telecommunications firm Telenor prompts concern from some about the ethics of Oslo’s foreign policy toward Burma.

Burma to Grant Foreign Banks Licenses by End of September

An official document sent to more than 30 foreign banks with offices in Burma includes details of how international institutions will be allowed to operate.

Yoma increases its stake in the telecoms sector, Burma’s oil imports are up and the Thai coup could lead to more interest in Salween dams.

Campaign Group Criticizes World Bank Subsidiary for Funding Hotel, Real Estate in Burma

US campaign group questions whether International Finance Corporation’s $170 million in loans for luxury hotel and real estate development will alleviate poverty in Burma.

Burma Factories Warn of Rise in Strikes Fueled by Activists

As the country’s garment sector starts to recover to pre-sanctions levels, political issues may be spilling over into disputes between workers and employers.

Oil Firms’ Problems in Bangladesh Are ‘a Lesson for Burma’

International companies have complained about working restrictions, bureaucratic delays and unfair prices in the oil and gas industry of Burma’s neighbor.

Burma Govt May Let Foreign Banks Operate This Year

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.

Ooredoo to Reach 30% of Burma’s Population Before the End of September

Qatari telecom firm Ooredoo says it will expand access to 60 percent of people in the country by the end of the year.

Burmese Govt Urges Foreign Investors to ‘Take the Plunge’

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.

From Smugglers’ Paradise to Free Trade Gateway

Myawaddy gets ready to shed its image as a backdoor into Myanmar’s black markets and become a regional trade hub.