The Irrawaddy | Archive | Business
The Irrawaddy Business Roundup (Feb. 28, 2015) By

Government intervention sought in garment strikes; Chinese bank to lend $300 million for microfinance; Yetagun gas production halt considered; and investors not prioritizing human rights.

City Mart Director Listed in Forbes’ Asia’s 50 Power Businesswomen  By

Forbes Magazine lists Win Win Tint, managing director of Burma’s largest retailer City Mart Holdings, in its Asia's 50 Power Businesswomen list.

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Some 100 laborers continue to strike for pay rises from three garment factories, despite arrests of demonstrators and calls by authorities to end the strike.

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IMF predicts GDP slowdown, Wanbao bus attacked at Letpadaung, trade booming at Myawaddy checkpoint, and boutique businesses TS1 and Port Autonomy shuttered at Lanthit Jetty.

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Recent conflicts between the government and armed ethnic rebels in Burma are unlikely to impact investment in 2015, though broader turmoil could crimp inflows.

Border Trade With China Dented by Kokang Clashes By

Cargo through the border town of Muse declines, with traders blaming recent fighting in northeast Burma and the coming Chinese New Year.

The Irrawaddy Business Roundup (Feb. 14, 2015) By

SABMiller silent on Burma investment reports; Kyaukphyu SEZ contracts to be awarded this month; and firms jostle to provide stock exchange services.

Telenor Weighed Down by Surging Asian Costs By

Mobile phone operator Telenor missed fourth quarter profit estimates and expects margins to fall this year as it ramps up spending in Burma.

SABMiller Eyes Stake in Burma Brewer: Sources By

SABMiller considers taking a stake in Burma’s biggest brewer, a deal that would partner it with a conglomerate tied to the former ruling military.

Myanmar Times Announces Launch of Daily Edition By

The Myanmar Times announces it will go from a weekly to daily print edition on March 9, making it Burma’s only private English-language daily.

The Irrawaddy Business Roundup (Feb. 7, 2015) By

Development banks deny plans to fund Nga Yoke Kaung coal station; China to spend billions on Yunnan; and Singapore’s banks seek closer ties with Burma.

Shell Inks Contract to Explore 3 Offshore Oil and Gas Blocks By

Royal Dutch Shell has signed an exploration and production-sharing contract with a state-owned firm for three offshore deep-water blocks off Arakan State and Tenasserim Division.

Low Labor Cost Ranks Burma among Top Countries for Investment By

Burma is named one of the five best countries in the world for cheap labor, making it attractive for manufacturing investment.

Corporate Tax Evaders to Lose Their Licenses By

In an effort to tighten up Burma’s loosely enforced tax code, nearly 200 domestic companies will be de-registered for evasion, officials announced on Wednesday.

Chinese Firm Joins Local Rice Miller to Bolster Industry By

A Burmese rice milling company and the Chinese firm CAMC Engineering partner to improve the quality and capacity of rice milling operations in Burma.

After Locals Block Coal Plant Survey, Mitsubishi Promises Japan Study Trip By

Nga Yoke Kaung residents have blocked a survey for a planned coal power plant, prompting an offer for villagers to inspect coal facilities in Japan.

Burma Opens Deep Sea Port for Chinese Oil Pipeline By

Burma opens a deep sea port off its western coast, part of a project that will carry crude oil from the Middle East to China.

Italian Thai, Rojana to Sign $1.7b Dawei Deal in March By

Italian-Thai Development Pcl. and Rojana Industrial Park will sign a $1.7-billion deal in March to develop the Dawei industrial zone, the Thai government said.

The Irrawaddy Business Roundup (Jan. 31, 2015) By

Chinese-backed oil refinery planned for Dawei; negotiations underway for Mon State beach resort; and Thai government flags cross-border trade expansion with Burma.

E-Payment Services to Come Online in February By

Burma’s sole domestic card-based payment system, Myanmar Payment Union (MPU), will offer online services beginning in early February, according to an executive.




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