Serge Pun, owner of conglomerate Yoma Strategic Holdings, says Asean needs to work exceptionally hard to realize a balanced, EU-style integration of its disparate economies.
The government will introduce reduced property tax rates next month, in particular for lower-value property, a move that will spur demand in this market segment.
The government is now in negotiations with four different firms who want to build a $1.5 billion airport in Pegu Division to serve Rangoon.
Business sector representatives warn that the April 1 electricity price hike will undercut competiveness of Burmese industries and drive up consumer prices.
Much remains to be done before Myanmar launches Asia’s newest stock exchange in late 2015
The Burma-China gas pipeline is running at below 20 percent of capacity, Japanese firms show interest in Thilawa, and Burma’s jade earnings are up.
Malaysia, ranked as the seventh-biggest source of foreign investment into Burma, is looking to further boost its corporate presence in the fellow Southeast Asian nation.
The country still has some of the largest forests in Asia, despite the former military regime’s reliance on raw timber exports.
Warning comes after the collapse of talks between the government and South Korea’s Incheon, which was named as the preferred builder for a massive new airport to serve Rangoon.
Opposition politicians say Thein Sein should demand zero corruption after an order to ministries said gifts worth less than $300 were not considered corrupt.
Burma’s insurance industry will begin providing currently nonexistent health and credit guarantee insurance policies in the 2014-15 fiscal year, according to state-run Myanma Insurance.
Naypyidaw awaits Chinese reaction after it turned down a loan to develop a highway between Kyaukphyu industrial zone on Burma’s west coast and southwest China.
The EU will launch negotiations this week for an investment pact with Burma, a deal aimed at giving European firms preferential access to the country.
Yoma in hotel deal with a Hong Kong firm, plans for an Arakan-to-China road and rail link are finalized, and AirAsia gives to Suu Kyi’s foundation.
The Internal Revenue Department is forced to revise its list of offenders who have not paid their taxes for the 2012-13 fiscal year.
The central government and regional authorities plan more low-cost housing as inflated land prices bar many Burmese from owning homes in the former capital.
Work on the US$1.1 billion Hanthawaddy International Airport in Burma faces additional delays because of “a major change in project policy,” a government official says.
Yoma Strategic Holdings plans to plant what could become the biggest coffee plantation in Burma, hoping the frontier economy can develop a strong coffee industry.
Burma’s government talks about using “unconventional exploration” for onshore oil and gas, and a report says hydropower is still the government’s best bet for energy.
Thousands of local companies in Burma are urged to contact the government after failing to pay taxes for the 2012-13 fiscal year.