The Irrawaddy Magazine | Archive | BUSINESS | 8
Thein Sein Meets Burma’s Top Tycoons

Burma’s president seeks input from hundreds of the country’s richest and best connected businessmen over the direction of economic reforms.

Burma warned of financial fallout of cancelling the Myitsone dam in Kachin State, Burma gets a loan for import-export businesses and labor conditions improve.

Manufacturing Could Start in Burma’s Thilawa Zone in Mid-2015

An official says 40 overseas firms are interested in setting up factories in the economic zone and port development planned in the former capital, Rangoon.

Despite Growing Tourist Demand, Burma Keeps a Lid on Homestays

An official from the Tourism Ministry says there could be a clash of cultures if foreign visitors are permitted to stay in Burmese homes.

Small Business Hopes for Millions of Burmese Face Govt Squeeze

New restrictions on small-loan agencies could hurt efforts to reduce poverty in Burma, but some experts say the move is necessary to prevent rash lending.

Public Shares in Thilawa SEZ to Go on Sale Next Month

Myanmar Thilawa SEZ Holdings Public Ltd will issue shares next month to raise about US$21 million to fund the special economic zone’s first phase.

Where the Deal-makers Meet

As the country opens up to post-sanctions investment from overseas, it’s at the dozens of business conferences in Yangon’s hotels that contacts are made.

International Flight Access to Bagan Up in the Air

Burma’s Department of Civil Aviation says international commercial flights to Bagan, a major tourist draw known for its thousands of temples, are unlikely anytime soon.

Govt Still ‘Taking Input’ on Revising Alcohol Import Ban

It’s been four months since Burmese authorities cracked down on foreign alcohol imports, but a new policy to clarify the regulatory confusion is still pending.

Banking on Myanmar’s Future

Kanbawza (KBZ) Bank deputy vice-chairman U Than Lwin speaks to The Irrawaddy about the state of Myanmar’s banking sector, and the need for skilled workers.

Singapore’s Navigat Creates Blueprint for Future Burma Power Deals

A subsidiary of Singapore-based Navigat Group has begun supplying power under a purchasing agreement that will be the template for future deals by Burma.

Burma’s tourism industry needs to attract a more diverse range of visitors, trade at Muse border crossing soars, Singapore Burma’s biggest foreign investor in January.

No Clean Bill of Health Yet for Burma’s Anti-Money Laundering Drive

Burma looks set to get a new law to counter money laundering soon, but the country still faces numerous challenges in curbing financial crimes.

US Exim Bank Raises Hopes in Burma With Credit Offer

Burmese businesses expect more foreign investment after the Export and Import Bank of the United States begins offering credit for trade with Burma.

Burma’s Growing Illegal Trade May Include ‘Designer Drugs’ to China

A researcher claims the flow of goods smuggled over Burma’s borders with China, Thailand and India is increasing, with the trade in narcotics the most lucrative.

Out of Reach

The widening chasm between supply and demand has sent real estate prices in Yangon soaring to new heights.

Myanma Airways to Lease 10 Boeing Jets With Expansion in Mind

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.

Demand for Untouched Bills Dirties Burma’s Image

Money changers still do not accept tainted, or even slightly crumpled, US dollars, a hangover from the country’s years of financial isolation.

Burma Won’t Export New Gas Finds Until Domestic Needs Met, Says Official

The government is set to name the winners for a highly competitive tender for offshore oil and gas exploration blocks this month.