Burma has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deep-water offshore block, state media reports.
Investors advised to “go big”; Singapore gas-fired plant approved; budget boosts power spending; European firms bring beauty products; regional products could get special status.
The first Burmese businessman removed from a US blacklist says Washington should delist more people to partner with American companies for Burma’s economic development.
Discussions between government, workers’ representatives and factory owners reveal wide differences of opinion about Burma’s future minimum wage, which will be set soon.
Tin exports lower prices; Star City’s next phase underway; Magwe solar plant gets partner; three foreign banks open offices; and World Bank envisions continued growth.
Burma’s business community predicts that the delisting could signal a tide of redemption for a long list of so-called cronies ostracized by the Western superpower.
Burma is targeting economic growth of 9.3 percent in this fiscal year, driven by an unprecedented amount of foreign investment.
On the verge of exporting the first “Made in China” cars to the United States, Volvo is determined to show they are as good as vehicles it produces in Europe.
Google paid its billionaire Executive Chairman Eric Schmidt nearly $109 million last year while the company’s stock slumped.
ITD and Rojana Industrial Park will sign a $1.7-billion deal to develop the first phase of the Dawei industrial zone in southeastern Burma by June.
A US blacklisted lawmaker leads a delegation of Burmese bankers to Germany this week for a study of financial institutions.
HAGL seeks new investor for Inya high-rise, Suzuki to assemble cars in Thilawa SEZ, and Mon State power plant gets the go-ahead.
Foreign direct investment in Burma grows sharply in 2014-2015, reaching US$8 billion, a more than doubling of investments compared to the year before.
Two Japanese and one Singaporean bank will become the first foreign banks to operate in Burma for decades when they open branches on April 23.
Burma’s rice exports rise over 40 percent in the 2014-15 fiscal year, with shipments to China dominating despite Beijing’s official ban on Burmese rice imports.
Warnings EU investment deal could keep garment wages low, Toshiba invests in hydropower, and Mitsubishi begins joint venture with local coffee maker.
The temporarily grounded Air Mandalay expects to resume international flights later this year, following a resumption of domestic routes in May.
Visa Card can now be used at Rangoon City Mart supermarkets, while the domestic card system of Myanmar Payment Union continues to suffer from problems.
Burma’s trade deficit jumps 88 percent in the fiscal year ending on March 31, driven by rapid economic expansion in the formerly military-ruled country.
Burma’s Ministry of Finance launches a new strategy that aims to expand access to financial services, such as microcredit and insurance, to a broader public.