KYAW HSU MON / THE IRRAWADDY - The Irrawaddy Magazine
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.

Rangoon Division parliamentarians will consider how to curb skyrocketing rent rates in the commercial capital, with one lawmaker seeking to rein in landlords.

An explosive trace detection system has been installed at Rangoon’s airport as part of almost $12 million in aid from JICA.

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.

Burmese Refugees Still Welcome in New Zealand: Prime Minister

New Zealand’s prime minister says his country will continue to accept refugees despite some political reforms in Burma since 2011.

In The Zone

U Myat Thin Aung speaks to The Irrawaddy about the prospects for Yangon’s Hlaing Tharyar Industrial Zone and the nation’s manufacturing sector.

New Zealand Minister Sees Trade Potential With Burma

The country’s minister for economic development predicts that the economic relationship with Burma will progress after elections in 2015

‘Time for an Energy Boost’

The government should encourage local players in the booming energy sector, says U Ken Tun of Parami.

Burma’s Leading Private Banks to Raise Saving Rates

Bankers say competition in the market is increasing, but they will only raise interest for savers by 0.25 percent from August 1.

Ne Win Scions Plan Takeover of Tay Za’s Bank

One of the grandsons of Burma’s late dictator says the family’s company is buying the majority of AGD Bank.

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