Jade mining operations in northern Burma’s Kachin State will not be officially halted due to ongoing conflict in the area, according to a Ministry of Mines official.
The plunge in global oil prices is good news for Burmese consumers, but is shrinking profit margins for the country’s crude exporters.
The Minister of Commerce says the volume of goods being smuggled across Burma’s borders with China and Thailand is rising, despite a recent government crackdown.
The Secretariat’s new lessees say they will convert part of the dilapidated colonial building into an art museum and put US$50 million toward renovations.
Announcement of winning tenders for the development of the Kyaukphyu SEZ in western Burma is delayed until February amid accusations of an opaque selection process.
More than US$6 billion of investment has been pumped into Burma in the last nine months, almost double the volume of the previous fiscal year.
Former actress Daw Swe Zin Htike discusses her work in health and education projects and her push to encourage more female film directors.
Construction is ramping up for a new border station in northern Shan State intended to funnel tourists towards a massive private development.
Burma’s total trade volume is expected to rise by least US$5 billion, government data show, but a rising trade deficit threatens to undermine that growth.
Since Nov. 2012, government teams working on the Burma-China border seized smuggled goods, such as jade and timber, with an estimated value of US$27 million.
Burma’s Ministry of Finance will begin issuing licenses to list on the Yangon Stock Exchange in April, according to Deputy Finance Minister Maung Mg Thein.
Skyrocketing property prices will taper off next year while rental costs continue to rise, according to local real estate experts.
The Ministry of Construction is seeking local and overseas interest in upgrading the notoriously dangerous stretch of road between Rangoon and Mandalay.
Rice shipments across the Sino-Burmese border, considered illegal in China, account for more than two-thirds of total rice exports over the last nine months.
A government call for the upgrading and privatization of 30 domestic airports in Burma has been postponed until late next year at the earliest.
Kanbawza Bank tops last year’s list of corporate tax payers, followed by several large US-blacklisted conglomerates, while two army-owned firms paid the most sales tax.
A total of five people have been detained over two separate ATM scams operating across Rangoon, leading to calls for improvements to bank security systems.
Burma has become a full member of the Asean Infrastructure Fund, the last country of the regional grouping to gain shareholder status.
Rangoon’s Industrial Zones Management Committee receives business proposals for only about 20 percent of idle land holdings in divisional industrial zones by a government-imposed deadline.
The government will require car importers to apply for licenses prior to shipping in an effort to reduce the storage of vehicles at Thilawa Port.