KYAW HSU MON / THE IRRAWADDY - The Irrawaddy Magazine
Burma Last in Asean to Join Regional Infrastructure Fund

Burma has become a full member of the Asean Infrastructure Fund, the last country of the regional grouping to gain shareholder status.

Rangoon Govt to Seize 80% of Idle Industrial Zones

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.

Govt to Tighten Car Import License Requirements

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.

‘The Bubble Will Definitely Burst’

Serge Pun, executive chairman of Yoma Strategic Holdings, discusses a recent ADB loan, the resumption of services at Yoma Bank and Burma’s overheated property market.

ADB to Loan Burmese Conglomerate Yoma $100Mn for Connectivity Projects

The Asian Development Bank will provide a loan of up to US$100 million to local conglomerate Yoma Strategic Holdings to improve infrastructure connectivity in Burma.

Mon State to Turn Death Railway Site Into Tourist Draw

Mon State awards a company a contract to develop a museum and tourist facilities at the site of the World War II-era Death Railway.

In Muse, Promise and Perils of Development Redux

The Muse Central Economic Zone project moves forward in an effort to boost commerce along the Chinese border, despite land grievances from some local residents.

Rangoon Govt Targets Idle Industrial Plots

The Rangoon government will require idle industrial landholders to present a business plan for how they will use the real estate or see it seized.

Plans to Privatize Pair of Rangoon Heritage Buildings Shelved

Burma’s Directorate of Investment and Companies Administration will return two Rangoon heritage buildings to the government after previously indicating that they were slated for privatization.

‘The Report Was Fabricated’

The widow of Aung Kyaw Naing is unconvinced by a report by Burma’s National Human Rights Commission concluding that her late husband was not tortured.

NLD to Lead ‘Whole Year’ Celebration of Aung San’s 100th Birthday

The National League for Democracy gears up for “a whole year” of celebrations to commemorate Burmese independence hero Gen. Aung San’s centenary birthday.

Economists Say Political Stability Key to Growth

Economists peg the health of Burma’s economy to the political environment ahead of next year’s general election, saying stability is key to growth.

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.

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