Myanma Airways inks a deal to lease 10 commercial aircraft, and enlists a consulting arm of General Electric to create and implement an expansion plan.
Japanese firm Nissan is set to invest US$200 million in a plant in Pegu Division, a 5-star hotel is planned, and Burma’s rice industry looks to Europe for markets.
Money changers still do not accept tainted, or even slightly crumpled, US dollars, a hangover from the country’s years of financial isolation.
The government is set to name the winners for a highly competitive tender for offshore oil and gas exploration blocks this month.
Rangoon’s skyrocketing property prices put the squeeze on a young domestic convenience store sector that depends on already-thin profit margins.
A project worth US$1 billion to build a second airport to serve the commercial capital, Rangoon, was originally awarded to South Korea’s Incheon.
British minister raises forced labor concerns in Shan State logging, Japan calls for heritage protection in Rangoon and Burma looks for increased growth.
Report from Finnwatch documents widespread abuses of migrant laborers at factories producing for world famous tinned fish, fruit and juice brands.
Asian Wings has become the first airline in six years to operate flights between Thailand’s second-biggest city, Chiang Mai, and Burma’s second-biggest city, Mandalay.
Business insiders say foreign investors will wait and see about Burma this year, as questions about the country’s political future remain.
Qatari and Norwegian firms can now begin setting up a new mobile phone network after they were named the winners of a competitive tender in June 2013.
Burma’s only card payment system, the Myanmar Payment Union (MPU), plans to become a public company before the end of this year.
Burmese migrant laborers in Thailand’s shrimp canning industry win a pay and rights deal, IMF urges autonomy for financial institutions and a tourist crossing is to open on the Chinese border.
The International Monetary Fund says Burma’s economic outlook is favorable, but warns that rising inflation looms for the Southeast Asian nation amid ongoing economic reforms.
Report from analysts Business Monitor International predicts that political uncertainty will stop the foreign investment necessary to fund new construction in the country.
With a jump in tourist visits, it’s boom time for Bagan’s lacquerware businesses, but more lucrative job prospects are drawing talent away from the craft.
Plans for hydropower dams in Kachin revealed, Indian businesses in Rangoon and Asian Wings launches new Chiang Mai-Mandalay route.
More than 100 factory workers protest outside a textile factory in Mandalay Division, urging the government to intervene in a dispute with their Chinese employer.
South Korea’s Lotte Chilsung Beverage and Myanmar Golden Beverage will team up to produce and distribute PepsiCo drinks in Burma.
India’s largest auto maker has set up an assembly plant in central Burma and is importing new cars, but used Japanese are the first choice for Burmese car buyers.