The Irrawaddy | Archive | Business
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.


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


Chevron Corp signs a production sharing contract with Myanmar Oil & Gas Enterprise (MOGE) to explore oil and gas in the Rakhine Basin.

Govt to Support Domestic Airlines as Asean ‘Open Skies’ Takes Effect By

Burma’s government will protect its airline industry and keep most domestic airports off limits for regional airlines as it implements Asean’s Open Skies policy.

Energy Firms BG, Woodside to Invest $1.1b in Burma Blocks: Official By

Britain’s BG Group and Australia’s Woodside Petroleum will invest up to US$1.08 billion to explore for oil and gas in four blocks off Burma’s coast.

The Irrawaddy Business Roundup (March 21, 2015) By

Businesses’ transparency under the microscope; condominium pre-sales slow; an Indian border trade post is forthcoming; South Korea aids connectivity; and “intercultural training” offered for expats.

Jade Sales Dwindle Amid Conflict and Chinese Anti-Graft Campaign By

Jade sales at Burma’s biggest gems market slow to a near-halt, likely linked to Chinese anti-corruption campaigns and stalled production in conflict-affected Kachin State.

Govt Gives Green Light for Wine Imports By

Domestic companies can now apply for wine import licenses, nearly one month after a major retail association stopped selling foreign alcohol demanding swift reforms.

Antique Furniture Enjoys a Rangoon Renaissance By

Refurbished antique woodwork, mostly crafted during Burma’s pre-independence era, makes a roaring comeback in modern homes and offices throughout the country’s major cities.

Property Market ‘Still Strong’ By

Sai Khun Naung, managing director of Sai Khun Naung Real Estate Company, discusses the outlook for Rangoon’s booming property market.

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

MPT continues to tower over telco rivals, Yoma railway office development approved in Rangoon, and expansion announced for Mandalay gas plant.

Another Deadline Missed by Kyaukphyu SEZ Developers By

Bidders claim the Kyuakphyu SEZ selection committee lacks transparency as announcement of winning firms is delayed for the second time this year.

Ongoing Suspension Puts High-Rise Developers, Investment Commission at Loggerheads By

The suspension period for five construction projects near Shwedagon Pagoda has been extended, as the Myanmar Investment Commission considers recommendations to reduce planned building heights.

Wine Imports to Flow Freely Under New Policy By

Foreign wine imports will be legalized in April, the first stretch of phasing out Burma’s decades-long ban on alcohol imports.

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

UN calls for business reforms, experts warn on new state-owned bank risks, ring road mooted for Rangoon, and former capital ranks poorly on global survey.

Rangoon Govt Power Supplier to Become Corporate Entity By

The Yangon Electricity Supply Board will become a government-owned corporate entity on April 1; part of a plan to privatize electricity supply to Rangoon.

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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