Business / Trade


Local bean companies aim to double the export volume of beans to quality-sensitive European markets starting in the coming export period of January, bean exporters told Mizzima. (more…)

Spend a few days in Yangon, and you can almost believe you are in a country with a functioning financial sector. ATMs, completely absent just a few years ago, now dot the city. Credit cards are increasingly (though still not widely) accepted. (more…)

Members of the Dawei Development Association (DDA), a rights watchdog monitoring the lurching progression of the Dawei Special Economic Zone (DSEZ) in Burma’s southern Tennasserim Division, tabled fresh findings to the Thai Human Rights Commission in Bangkok on Tuesday.
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Members of the Dawei Development Association (DDA), a rights watchdog monitoring the lurching progression of the Dawei Special Economic Zone (DSEZ) in Burma’s southern Tennasserim Division, tabled fresh findings to the Thai Human Rights Commission in Bangkok on Tuesday.
(more…)

Green Earth Power (Thailand) has signed a memorandum of agreement with the Myanmar Ministry of Electric Power (MOEP) to formalise the development of a 220-megawatt solar power plant in Minbu, in that country’s Magway Region. (more…)

Jade sales at a major gems emporium for local traders in Burma hit a record high this week, a spokesperson for the Myanma Gems Enterprise sales committee told The Irrawaddy on Tuesday. (more…)

The Myanmar Tourism Federation will establish a privately-owned Tourism Bank Public Company Ltd to provide financial support to small and medium enterprises related to the travel and tour industry, the federation’s secretary general U Kyi Thein Ko told Mizzima in a telephone interview October 19. (more…)

Not enough Myanmar companies are benefiting from foreign investment in the oil and gas sector, says Parami Energy group chairman and chief executive officer U Ken Tun. (more…)

Japan is to carry out several studies on how the Dawei Special Economic Zone (SEZ) in southern Burma can be revived, after the massive Thai-Burmese project stalled last year, government sources said on Monday. (more…)

Foreign direct investment (FDI) into Burma has exceeded the government’s original target just six months into the fiscal year, according to Aung Naing Oo, director-general of the Directorate of Investment and Company Administration and secretary of the Myanmar Investment Commission. (more…)

Ramree Island, Myanmar – Zaw Myint looked quizzical as he sniffed a handful of grey sludge. He had just pulled the mud up from the bottom of an oil well he’s digging on Myanmar’s impoverished western coastline, hoping for the sweet whiff of black gold. (more…)

Paddy prices have taken a big hit from a recent drop in demand from China, as border officials have strangled the bilateral rice trade by stepping up efforts to prevent illegal imports. (more…)

Hilton Worldwide Holdings Inc opened its first luxury hotel in Burma on Friday, after completing an upgrade of a hotel in the capital Naypyidaw owned by local conglomerate Eden Group. (more…)

Preparations for the first section of the Thilawa Special Economic Zone (SEZ) included clearing nearly 400 hectares of land and building roads to a nearby port. The industrial park is scheduled to open in the middle of next year and some of the 22 companies set to move in will begin building their factories by the end of the month. Yet the most immediate beneficiary will not be Myanmar’s economy. Takashi Yanai, head of the Burmese-Japanese joint venture developing Thilawa, jokes that the monastery sitting in a finger of forest jutting into the park has much to gain. “You cannot touch a monastery in this country,” says Mr Yanai. With every corporate groundbreaking will come a donation to the monks that may one day pay for a grand golden stupa. (more…)

Leading Japanese vehicle maker Toyota is still dominating Myanmar’s growing automobile market with a 53 percent share compared with top-notch Korean and Western automobile brands, according to an online survey released October 13. (more…)

On Tuesday, the newly formed Licensing Association of Thailand (LAT) wrapped up its inaugural meeting in Bangkok, where intellectual property (IP) professionals discussed some of the challenges faced by companies seeking to license their patents, trademarks, and copyrights in Southeast Asia. (more…)

Thailand’s border trade with Burma is expected to flourish over the next couple of years, driven mainly by the planned development of a special economic zone (SEZ) in Tak’s Mae Sot district. (more…)

Beans and pulses traders have begun a pilot program selling futures contracts, as business leaders look to develop a futures market for commodities in the country. (more…)

Burma and India are putting the finishing touches on a major rice export deal, set to begin this month, which will facilitate the sale of about 20,000 metric tons of Burmese rice into Northeast India every month for the coming year. (more…)

State-owned flag carrier Myanma Airways will begin offering new sightseeing routes over some of Burma’s most scenic and historic sites, the company announced on Sunday. (more…)

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