The Irrawaddy Magazine | Archive | BUSINESS | 8
SilkAir to Launch Mandalay-Singapore Direct Flight

The Singapore-based regional airline lauds Burma’s second city as a “promising destination” as it announces a new three-times-a-week direct flight from next month.

Rangoon to Host First Business Support Services Fair

It is hoped the event will help small businesses and entrepreneurs in Burma to get connected with companies offering market information and technology.

‘More Competition Will Get the Work Done Faster’

Burma’s Deputy Minister of Communications and Information Technology Thaung Tin talks to The Irrawaddy as the country’s telecoms sector is about to be transformed.

Smuggling of logs continues after an export ban, a UK law firms opens in Rangoon and a survey finds corruption the biggest concern for business.

With New Hotels, Naypyidaw Could See a Glut of Rooms

Despite concerns the capital would be booked out for this week’s Asean Summit, hoteliers predict that they will still have spare capacity.

Bangkok Airways Increases Flights to Burmese Capital

The Thai carrier adds extra flights to meet demand ahead of the Asean Summit to be held in Naypyidaw later this month.

Corruption the Biggest Concern for Burma Businesses: Survey

About 20 percent of firms in a UN-led survey called graft a “very severe obstacle,” with access to skilled labor and technology the next biggest obstacles.

‘Major challenges’ remain for investors, Thais urged to update their view of Burma and a pipeline pumps 1 billion cubic meters of gas to China.

Burmese Returnees Bet on Frontier Economy’s Future

After decades of isolation, Burma has high hopes its diaspora will help rebuild its economy and lift millions out of poverty.

China’s New Economic Priorities Offer ‘Exit Strategy’ on Myitsone Dam

A general tightening of lending by China, in particular to emerging markets, could see the massive hydroelectric project on the Irrawaddy River quietly abandoned.

Airline to Launch Flight Linking Mergui With Bangkok

A new joint-venture firm announces plans to fly twice weekly between the Thai capital and the city in southern Burma’s untouched archipelago.

Plans for Coal-Fired Power Plant Face Opposition in Mon State

Plans to build the state’s first coal-fired power plant come under fire by residents who say they worry about pollution and health ramifications.

Thilawa SEZ Shares Sold Out Following Strong Demand

Demand for shares in Myanmar Thilawa SEZ Holdings Public Limited has been higher than expected and the firm has raised US $21 million in capital.

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.

Amid Construction Boom, Burma Starts to Build Disaster Resilience

Experts warn that in the middle of its boom, Burma must build resiliently, with an eye on the country’s vulnerability to natural disasters.

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.

Relocated Thilawa SEZ Villagers Persist in Calls for JICA Meeting

Families forced off their land by the Thilawa SEZ project in Rangoon Division again urge the Japan International Cooperation Agency (JICA) to address their grievances.

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.