Japanese Firms Plan Plastic Production in Burma
Burma’s plastics industry could be the next sector to get a boost from foreign investors with Japanese businesses interested in manufacturing plastic products for export to Japan.
Burmese peanut oil millers are struggling to compete as consumers turn increasingly to inexpensive palm oil imported from Malaysia.
An MOGE official announces that the Burmese government will no longer issue licenses for Compressed Natural Gas to be used in vehicles.
The Thilawa Special Economic Zone located 25 km south of Rangoon should be operational early next year, claims a government official.
This week’s makeover of The New Light of Myanmar and other government newspapers has done little to change their image as stodgy government mouthpieces.
Burmese businessmen say they want the Myanmar Economic Bank to take over the volatile gray-market trade in “earnings papers.”
Kanbawza Bank, one of Burma’s leading financial institutions, seeks to end panic after customers withdraw more than $10 million on rumors of its owner’s arrest.
Burma’s Department of Civilian Aviation is urging both foreign and local partners to invest in the country’s international airports.
The United States lifting import restrictions on Burmese goods receives a cautious welcome from local manufacturers who insist that vastly improved infrastructure remains essential.
Visa is preparing to introduce its credit cards to Burma by partnering 17 local private banks whose owners are no longer barred by US sanctions.
The price of gold reaches an all-time high this month at markets in Rangoon.
Farmers from rural areas around Burma are trying to set up the Myanmar Farmers Association although government permission has not yet been granted.
The US-based firm has signed an agreement with the Myanmar Oriental Bank to handle money transfers into and out of Burma.
A dozen private companies are given permits to offer insurance services in Burma for the first time since 1963—including Max Myanmar, Kanbawza and AsiaWorld.
Burmese businesses urge parliamentarians to reduce restrictions on international companies in the new Foreign Direct Investment law.
The return of western markets for Burma’s once-booming garment industry can help safeguard worker rights, claims an industry expert.
The Myanmar Rice Federation recommits to exporting one million metric tons of rice during the current fiscal year despite serious flooding in the Irrawaddy Delta.
International airlines as well as travel and hospitality providers are ramping up operations in anticipation of an influx of visitors during Burma’s peak tourist season.
Burma’s plans to establish a stock market will make it easier for the country to compete regionally and challenge the status quo of rampant cronyism.
Despite plans to abolish Foreign Exchange Certificates, many businesses in Burma still require them as payment for a range of goods and services.
