Business / Trade


In what is being heralded as one of the biggest foreign company acquisitions in Myanmar, Colgate-Palmolive has stepped in to snap up Laser Brand Toothpaste for a rumoured US$100 million, according to a media report. (more…)

Foreign investment volume, up until October in this fiscal year, has reached nearly US$2 billion in hotel sector in Myanmar, according to the Ministry of Hotel and Tourism. (more…)

Foreign investment volume, up until October in this fiscal year, has reached nearly US$2 billion in hotel sector in Myanmar, according to the Ministry of Hotel and Tourism. (more…)

A strengthening US dollar on global currency markets, coupled with Burma’s growing trade imbalance, has pushed the local currency’s exchange rate above 1,000 kyats per US dollar this week. (more…)

One of the chief financiers of hydroelectric dams planned on Burma’s Salween River is accused of investing in countries where there is “oppression and limited transparency” in order to achieve its objectives. (more…)

The Malaysia-based low-cost carrier AirAsia will soon fly direct flights between Naypyidaw and Kuala Lumpur as the Burmese capital prepares to host a major regional summit next month. (more…)

A dramatic fall in the volume of rice exports has dragged prices downwards and threatens to drive small farmers off the land, farmers’ advocates have warned. (more…)

The change to an e-visa system and the accompanying drop of Myanmar’s pre-arranged visa-on-arrival service has created difficulties for at least 3,000 visitors with plans to visit the Golden Land, U Hnaung Hnaung Han, the secretary of Myanmar Tourism Entrepreneurs Association told Mizzima. (more…)

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.
(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.
(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…)

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