KYAW HSU MON / THE IRRAWADDY - The Irrawaddy Magazine
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.

Plan for Burma-China Train Link Derailed

A railway official in Naypyidaw says there were cost and environmental concerns about the Chinese plan to link the Arakan coast to Yunnan Province’s Kunming.

‘The Shift From Offline to Online’

A cofounder of property portal Lamudi explains how the Internet penetration rate affects his business in Burma, and his plans for expansion in the future.

Bangkok Bank Pledges to Bring Thai Investors to Burma

One of Thailand’s Big Four banks is among 25 foreign institutions hoping to be granted a license to do banking in Burma soon.

Britain Sets Up Chamber of Commerce in Burma

The UK government and British companies are providing funding for a new body that will help businesses looking to invest in Burma’s growing economy.

At the Start of the Death Railway

The railway’s start point in Mon State is a reminder of the thousands of war prisoners who lost their lives constructing the line to Thailand.

Lawmaker Criticizes Law That Caps Monthly Alimony for Women at 100 Kyats

Divorced women in Burma can currently receive no more than 100 kyats in monthly support, about one-third the price of a cup of tea.

More Low-End Property Sales Registered Under New Tax System

A new tax system introduced in April that reduces rates for lower-value properties has prompted many owners to register their sales and pay taxes.

Air KBZ Will Launch Flights to Chiang Mai and Mae Sot

The Burmese airline plans to launch its first international routes later this year to the northern Thai destinations where many Burmese migrants live.

Jade Mines to Resume Operations in Kachin State: Burmese Govt

In northern Burma, where the vast majority of the world’s jade is produced, mining companies can resume operations in September, following a two-year hiatus due to armed conflicts.

Jade Emporium Sales Soar to $3.4Bln

Jade sales at Burma’s major gems emporium last week have surpassed expectations and totaled about US $3.4 billion, up from about $2.6 billion last year.

NLD Holds First Youth Congress, Choses Youth Leaders

The National League for Democracy held its first ever youth congress in Rangoon this past weekend and during the event 15 youth leaders were chosen.

Web Hackers Poke Fun at Burmese IT Ministry

The website of Burma’s IT ministry is hacked, with cartoon depictions of turtles replacing government logos, perhaps as a critique of slow Internet connections.

$17 Million Worth of Smuggled Goods Seized in Burma

Over the past 20 months, the Burmese government has ramped up its efforts to inspect imports and exports at checkpoints across the country.

Private Sector Development of Domestic Airports Postponed

The Department of Civil Aviation is indefinitely delaying its plans to invite foreign and local companies to upgrade 30 out Burma’s 69 domestic airports.

Revenue Dept to Improve Tax Collection from Soaring Rent Rates

The Department of Internal Revenue announces that it would improve tax collection on income earned from rent rates, which have been soaring across Rangoon.

Wanted: A Happy Ending

Myanmar’s film industry struggles to find its way after decades of decline.

Burma to Launch Online Visa System for Tourists

The government opens a tender to develop a new online system that allows tourists to apply more quickly for visas to Burma.

Less Raw Jade for Sale at Burma Gems Emporium Amid Push for Value-Added Products

There are fewer jade lots at a major gems emporium in Naypyidaw this year, but the government still expects to earn 2 billion euros.

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