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.
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.
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.
Japan’s Kirin Company has announced the purchase of a majority stake in Burma’s most lucrative beer manufacturer from Singapore-based Fraser & Neave.
A mobile government task force assigned to combat the smuggling of goods confiscated materials from two vehicles involved in flood relief efforts on Monday.
The Central Bank of Myanmar pledged Tuesday to assist private banks that run into financial difficulties, looking to address rumors of economic instability.
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.
Two major domestic airlines have denied rumors of service disruption linked to recent upheaval in Burma’s ruling party.
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 have blamed Shwe Mann’s close relationship with opposition leader Aung San Suu Kyi and constitutional flaws for his overnight removal.
The Burmese government has enlisted the advisory services of banking giants Citi and Standard Chartered as the country seeks its first ever credit rating.
Burma’s Union Parliament is set to reconvene on Aug. 18 with two remaining “Protection Bills” expected to pass, according to lawmakers.
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.
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.
The comics industry may be struggling, but Ko Win Ko Aung sees a future in featuring many of the old favorites on postcards.
The international community issued more pledges to relief efforts for victims of Burma’s flooding emergency on Thursday.
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.
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.