KYAW HSU MON / THE IRRAWADDY - The Irrawaddy Magazine
ADB to Loan $80M for Upgrade of Irrawaddy Delta Road

The Asian Development Bank provides Burma with an US$80 million loan for the upgrade of the Maubin-Pyapon road, a key link to the Irrawaddy Delta.

Rangoon Power Board to Seek Private Sector Involvement from 2015

The Yangon Electricity Supply Board will soon start courting private investment, paving the way for a possible privatization of the city’s electricity network.

Govt to Push Left-Hand Steering Wheels on Future Car Imports

The government plans to carry out a policy encouraging vehicle imports manufactured with left-hand steering columns, an apparent effort to phase out their right-hand counterparts.

Report Warns Burma on Rice Price Volatility

A new World Bank study warns that instability in the price of rice in Burma is posing challenges to the country’s largely impoverished farmers.

First Myanmar Investment Announces Expansion After Record Profits

On the back of a strong financial performance, FMI is expanding its operations in the real estate, healthcare, aviation and banking sectors.

Rice Prices Reverse Recent Slump After Heavy Rains

Fears of a reduced yield and preparations for massive export deals have seen a resurgent rice market after last month’s lows.

Govt Criticizes Ban Ki-moon Over Use of ‘Rohingya’ Term

Government and Arakan State officials denounce Ban Ki-moon’s use of the term, but UN secretary general says focusing on terminology for Muslim minority is “unnecessary.”

‘Constitutional Amendment Is an Internal Affair of Our Country’

Ahead of Asean and East Asia summits in Burma, Information Minister Ye Htut discusses the meetings and talks between President Thein Sein and President Obama.

Obama to Stay in Kempinski Hotel in Naypyidaw: Report

US President Obama will stay in a hotel managed by Kempinski Hotel Group and owned by two Burmese conglomerates, a minister is quoted as saying.

Access Limited for Journalists at Asean Summit

The number of journalists attending the 25th Asean Summit in Naypyidaw reaches a record high as access hits an all-time low.

North Korea delegates won’t attend ASEAN Summit

Unlike other regular regional observers, North Korean representatives will not be attending the 25th Asean Summit in Naypyidaw this week.

‘Car Import Policy Has Changed About 10 Times’

Frequent import policy changes are hurting the car industry, says Soe Tun of the Farmer Auto Showroom.

Central Bank Reduces US Dollar Sales to Private Lenders

The Central Bank of Myanmar has sharply reduced US currency sales to private banks, according to local banking industry insiders.

US President to Meet Aung San Suu Kyi in Rangoon Next Week

US President Barack Obama will travel to Rangoon to meet with the chairwoman of the National League for Democracy, Aung San Suu Kyi.

Aung Thaung Blacklisted for Links to Anti-Muslim Violence: Analysts

Experts say the US blacklisting of the hardline USDP lawmaker is because of his involvement with nationalist monks, but they doubt it will aid reforms.

Lawyers to Sue Over Privatization of Historic Building

A Rangoon-based legal network announces that it will sue the city’s chief minister over the privatization of a landmark colonial-era building owned by the government.

Concerns Grow Over Severe Slump in Rice Prices

Ahead of the main harvest season, rice prices and export demand have sharply dropped after China tightened border controls on Burmese rice imports.

Burma’s Kyat at Weakest Since Float on Strong Dollar, Trade Deficit

A strengthening US dollar on global currency markets, coupled with Burma’s growing trade imbalance, pushes the kyat exchange rate above 1,000 kyats per US dollar.

Tax Revenues Expected to Rise to $4Bln: Official

The government expects to collect $4 billion in taxes this year. This represents a third consecutive increase in revenues but falls short of IMF projections.

E-Visa Service to be Offered for 6 Additional Entry Points

Burma’s Ministry of Immigration and Population plans to begin issuing electronic visas for tourists entering the country through six additional locations.

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