A Ministry of Communications and Information Technology official denies a report that a military-owned conglomerate will become Burma’s fourth telecom operator.
The Asian Development Bank provides Burma with an US$80 million loan for the upgrade of the Maubin-Pyapon road, a key link to the Irrawaddy Delta.
A British parliamentary committee advises a re-imposition of European economic sanctions on Burma if there is no improvement in the country’s human rights situation.
The Yangon Electricity Supply Board will soon start courting private investment, paving the way for a possible privatization of the city’s electricity network.
American multinational General Electric will begin upgrading Rangoon’s industrial gas turbines after finalizing an agreement with the government-owned Myanmar Electric Power Enterprise.
The government plans to carry out a policy encouraging vehicle imports manufactured with left-hand steering columns, an apparent effort to phase out their right-hand counterparts.
A new World Bank study warns that instability in the price of rice in Burma is posing challenges to the country’s largely impoverished farmers.
On the back of a strong financial performance, FMI is expanding its operations in the real estate, healthcare, aviation and banking sectors.
Burma will struggle to attract new investment in the sector because of a global industry slump and new competition from neighboring countries, a report says.
Plans to “revitalize” with an economic corridor; Bagan’s heritage bid will take time; Boeing inks deal with Air Mandalay; and China trade at Muse rises.
Fears of a reduced yield and preparations for massive export deals have seen a resurgent rice market after last month’s lows.
The Ministry of Industry will borrow US$50 million from Singaporean and Vietnamese banks so that it can increase government loans to small and medium enterprises.
A resurgent US dollar and Burma’s vast trade deficit are contributing to the ongoing decline in the value of the local currency.
Japan’s Mitsubishi Corp and Jalux Inc will partner with Yoma Strategic Holdings Ltd to operate Mandalay airport and expand it into a regional hub.
President Obama’s visit will do little to boost US investment, Burma joins China-led regional bank, and Asian firms strongly interested in investing in Burma.
Burma readies to sign a bilateral trade agreement with China to increase agricultural exchange, which is likely to restart stalled rice exports.
As President Barack Obama arrives in Burma’s capital, he confronts a nation backsliding on economic and political reforms that were rewarded with US sanctions relief.
Winners of special economic zone contracts could decide fate of grand project
Doubts raised over long-term viability of Hantawaddy Airport deal; petrochemical industry needs know-how, investment; coal to play a big role in fueling Burma’s electricity growth.
The Central Bank of Myanmar has sharply reduced US currency sales to private banks, according to local banking industry insiders.