The Irrawaddy Magazine | Archive | BUSINESS | 8
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.

Burmese Workers ‘Prefer Abuse in Thailand to Jobs Back Home’

Despite numerous reports of rights abuses against migrant workers, projects in Rangoon suffer as workers choose higher wages abroad.

Analysts say peace is needed for investment, and a lawmaker gives a warning over Singapore’s use of sand dredged from rivers in southern Burma.

Burmese-Thai Border Trade Increases Through Myawaddy

Traders told to prepare for extra competition ahead of the Asean Economic Community in 2015, which will remove tariffs across Southeast Asia.

Burma Bans Foreign Fishing Boats From Its Waters

An end to large-scale fishing operations from overseas is welcomed by local fishers, but concerns remain about overfishing by local firms.

Inflation Expected to Rise as Burma’s Economy Grows

The country’s Central Bank has few ways to deal with rising inflation predicted by both the Asian Development Bank and the International Monetary Fund.

A Norwegian oil firm predicts big reserves for its Burmese offshore oil and gas block, and expensive private schools are eying Burma.