KYAW HSU MON / THE IRRAWADDY - The Irrawaddy

Burma’s investment commission is confident foreign investment will not be negatively impacted by the political uncertainty that surrounds a general election due Nov. 8.

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Burma’s largest beer maker, military-owned Myanmar Brewery Ltd., aims to increase its annual production by 50 percent in the years ahead.

As the kyat continues its slide, sources say the Central Bank of Myanmar will soon set down punishments against businesses charging in US dollars.

The real estate market in the commercial capital has seen little new sales or investment as developers await the results of the country’s November election.

Turmoil at the Top Prompts Business Uncertainty

The recent ousting of ruling party chairman Shwe Mann has sent a shiver through Burma’s business world, with the rumor mill ticking into overdrive.

Kirin Buys Majority Stake in Myanmar Brewery

Japan’s Kirin Company has announced the purchase of a majority stake in Burma’s most lucrative beer manufacturer from Singapore-based Fraser & Neave.

Govt Task Force Nabs ‘Illegal’ Materials from Flood Relief Vehicles

A mobile government task force assigned to combat the smuggling of goods confiscated materials from two vehicles involved in flood relief efforts on Monday.

Central Bank Talks Up Stability amid Economic Challenges

The Central Bank of Myanmar pledged Tuesday to assist private banks that run into financial difficulties, looking to address rumors of economic instability.

Burma’s Death Highway: ‘We Have to Take Preventive Measures’

The Irrawaddy speaks with Kyi Zaw Myint, chief engineer of the Naypyidaw Highway, about how to prevent fatalities along the long, dark road to the capital.

Airlines Deny Rumor of Links to Ousted Ruling Party Chief

Two major domestic airlines have denied rumors of service disruption linked to recent upheaval in Burma’s ruling party.

Experts Warn Floods, Political Instability Will Hit Local Economy

Ructions within the ruling party and recent nationwide flooding are likely to hinder economic growth in the coming months, business leaders and analysts said on Friday.

Lawmakers, Opposition Parties Downplay Shwe Mann Purge

Lawmakers have blamed Shwe Mann’s close relationship with opposition leader Aung San Suu Kyi and constitutional flaws for his overnight removal.

Standard Chartered, Citi to Advise on Credit Rating

The Burmese government has enlisted the advisory services of banking giants Citi and Standard Chartered as the country seeks its first ever credit rating.

Parliament to Resume with Remaining ‘Protection Bills’ High on Agenda

Burma’s Union Parliament is set to reconvene on Aug. 18 with two remaining “Protection Bills” expected to pass, according to lawmakers.

Ancient Temple in Bagan Collapses After Heavy Rain

Nearly a dozen temples in Bagan are in urgent need of protection due to recent rains, Burma’s Ministry of Culture says following the collapse of one such structure.

Rice Federation: More Than 1 Million Acres of Paddy Fields Destroyed by Floods

The Myanmar Rice Federation says some 1.3 million acres of paddy fields have been swamped by flooding, mainly in Sagaing Division’s Kale, Kanbalu and Monywa.

An Artist Breathes New Life into Classic Characters

The comics industry may be struggling, but Ko Win Ko Aung sees a future in featuring many of the old favorites on postcards.

International Aid Pledges Continue in Wake of Flood Crisis

The international community issued more pledges to relief efforts for victims of Burma’s flooding emergency on Thursday.

Govt, Thai Firm Ink Long-Sought Deal on Dawei SEZ: Source

The government and Bangkok-based Italian Thai Development sign a long-sought deal on construction of the Dawei special economic zone and deep-sea port in southeastern Burma.

Bean and Pulse Production Paused by Flooding in Upper Burma

Recent flooding in Burma is expected to have a long-term effect on the nation’s farmers as the harvest of beans and pulses will be delayed by several months.

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