The Irrawaddy | Archive | Business
The Irrawaddy Business Roundup (April 25, 2015) By

Tin exports lower prices; Star City’s next phase underway; Magwe solar plant gets partner; three foreign banks open offices; and World Bank envisions continued growth.

‘Crony’ Win Aung Removed From US Blacklist: Who’s Next? By

Burma’s business community predicts that the delisting could signal a tide of redemption for a long list of so-called cronies ostracized by the Western superpower.

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Burma is targeting economic growth of 9.3 percent in this fiscal year, driven by an unprecedented amount of foreign investment.

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On the verge of exporting the first “Made in China” cars to the United States, Volvo is determined to show they are as good as vehicles it produces in Europe.

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Google paid its billionaire Executive Chairman Eric Schmidt nearly $109 million last year while the company's stock slumped.

Firms to Sign First Phase of Dawei SEZ Development in June By

ITD and Rojana Industrial Park will sign a $1.7-billion deal to develop the first phase of the Dawei industrial zone in southeastern Burma by June.

Germany Receives US Blacklisted MP for Financial Tour By

A US blacklisted lawmaker leads a delegation of Burmese bankers to Germany this week for a study of financial institutions.

The Irrawaddy Business Roundup (Apr. 11, 2015) By

HAGL seeks new investor for Inya high-rise, Suzuki to assemble cars in Thilawa SEZ, and Mon State power plant gets the go-ahead.

Foreign Investment Soars to Record $8B in 2014-15 By

Foreign direct investment in Burma grows sharply in 2014-2015, reaching US$8 billion, a more than doubling of investments compared to the year before.

Foreign Banks Opening Branches in Burma for First Time in Decades By

Two Japanese and one Singaporean bank will become the first foreign banks to operate in Burma for decades when they open branches on April 23.

Burma’s Rice Exports Up 40% in 2014-15 By

Burma’s rice exports rise over 40 percent in the 2014-15 fiscal year, with shipments to China dominating despite Beijing’s official ban on Burmese rice imports.

The Irrawaddy Business Roundup (Apr. 4, 2015) By

Warnings EU investment deal could keep garment wages low, Toshiba invests in hydropower, and Mitsubishi begins joint venture with local coffee maker.

Air Mandalay to Return to Skies in May By

The temporarily grounded Air Mandalay expects to resume international flights later this year, following a resumption of domestic routes in May.

Visa Card Expands Services, Local Card Payments Hampered by Problems By

Visa Card can now be used at Rangoon City Mart supermarkets, while the domestic card system of Myanmar Payment Union continues to suffer from problems.

Burma’s Trade Deficit Jumps 88 % in Fiscal 2014/15 By

Burma’s trade deficit jumps 88 percent in the fiscal year ending on March 31, driven by rapid economic expansion in the formerly military-ruled country.

In Presence of Dutch Queen, Govt Launches Strategy to Expand Microcredit By

Burma’s Ministry of Finance launches a new strategy that aims to expand access to financial services, such as microcredit and insurance, to a broader public.

Solar-Power Airplane Departs from Mandalay By

Solar Impulse 2, an aircraft powered entirely by solar energy, left Mandalay for China on Monday morning.

The Irrawaddy Business Roundup (Mar. 28, 2015) By

Japan’s Wacoal expected to open at Thilawa, MAI flags European routes, ADB calls for education shakeup and more.

Trade Deficit, Salary Rises Set to Push Up Consumer Prices: Economists By

The government’s dramatic salary increase and a fivefold increase in the trade deficit will push inflation rates above GDP growth, according to forecasts.

Burma Launches Export Strategy to Connect Smaller Firms to Global Economy By

Burma launces an export strategy aimed at strengthening smaller companies, which is a departure from military rule when a few large firms dominated the economy.







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