KYAW HSU MON / THE IRRAWADDY - The Irrawaddy Magazine
Two Govt Colonial Buildings in Rangoon to Get New Owners by Year’s End

The Directorate of Investment and Companies Registration will announce the auction winners of two government-owned heritage buildings in Rangoon by the end of this year.

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Record Haul in Jade Sales to Burmese Traders

Jade sales at a major gems emporium for local traders in Burma hit a record high, with 126 billion kyats worth of the gemstone sold.

Burma FDI Hits Full-Year Target in First 6 Months of 2014-15

Foreign direct investment into Burma exceeds the government’s original target just six months into the fiscal year, topping $4 billion through September.

Hilton and Eden Group Open Hilton Hotel in Naypyidaw

Hilton Group opens its first luxury hotel in Burma after completing an upgrade of a hotel in the capital owned by local conglomerate Eden Group.

Burma to Begin Rice Exports to NE India

Burma and India are finalizing a major rice deal, which will facilitate the export of 20,000 metric tons of Burmese rice into India every month.

Rangoon Tax Department Completes Annual Property Valuation

Rangoon Division’s Internal Revenue Department has completed its annual evaluation of real estate prices as part of its new property sales tax system

First KFC Restaurant to Open in Burma Next Year

American multinational Yum! Brands and Yoma Strategic Holding of Burmese businessman Serge Pun will open up the first KFC restaurant in Burma next year.

Tourism’s New Trails

The chairman of Myanmar Tourism Marketing talks about the industry’s underlying promise, and the growing pains that have accompanied it as the country opens up.

Burma’s Central Bank Awards 9 Foreign Lenders Operating Licenses

The Central Bank of Myanmar grants nine foreign banks permission to operate in Burma, with Japanese lenders winning a full third of the license bids.

Business With Bounce

The founder of one of the country’s leading manufacturers of mattresses talks about what it takes to succeed in Myanmar as an entrepreneur.

Next Rangoon Election to Bar 98.5% of Voters

Lawmakers approve restrictions that will allow only a tiny fraction of the city’s voting-age population to vote for the next deputy mayor and other municipal officials.

Ahead of the publication of anti-money laundering regulations, the Financial Intelligence Unit has encouraged reporting of large-scale transactions.

Britain Will Boost Aid to Burma by More Than a Third

The UK’s newly appointed minister for the Department for International Development announces another increase in development aid, up to $136 million next year.

‘Political Prisoners Are Like Plaster’

Artist Htein Lin talks about trying to visualize, through molding plaster hands, the extent to which Burma’s political prisoners have sacrificed for their country.

Burmese Banks Fret Over Foreign Competition

The local banking industry worries their best staff will be pulled away after Burma grants operating licenses to foreign banks next month.

Hope Fades in Burma Search for Buried Spitfires

A quest to unearth dozens of British Spitfire aircraft thought to be buried in Burma looks likely to come to an unsuccessful end in October.

Burma’s Tourism Industry Struggles to Keep Up With Surging Visitor Numbers

More than 3 million people are expected to visit the country this year, but a 2015 target of 5 million visitors might be a stretch.

Helping Burmese Refugees Start New Lives in New Zealand

Annie Coates, an ethnic Karen, talks about her efforts to help resettled Burmese refugees in New Zealand to adjust to their new lives.

Security a Concern as Jade Mining Set to Resume in Hpakant

Clashes broke out last week between ethnic Kachin rebels and the Burma Army close to the country’s main jade mining area.

Rangoon Tax Department Plans Annual Property Valuation

Rangoon Division’s Internal Revenue Department plans to conduct an annual evaluation of real estate prices as part of its new property sales tax system.

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