Business / Trade


Village chairman, Arker- Hnin Ka-Yok and twenty locals who oppose the coal-fired power plant in Inn Din Village, Ye Township, were taken to Ye Town police station for questioning on 13 June.
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The Union Parliament chamber hosted an unusually lively legislative session on Thursday as Information Minister Ye Htut sparred with lawmakers and faced threats of impeachment over privatization of the Yegu transmitter at the corner of Gandamar and Wai Za Yan Tar roads in northwestern Rangoon.
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Myanmar’s central bank has started unrestricted sales of foreign currency at its own specified rate to help importers hit by exchange rate fluctuations over the past two weeks reported Reuters on 18 June.
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Entrepreneur and conservationist Yin Myo Su has been presented with a Global Leadership Award at a gala event in Washington DC for her work in promoting socially and economically responsible development.
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The Central Bank of Myanmar will allow the unrestricted sale of foreign currencies at official rates to importers of edible oil, fuel and cement, rolling back a policy that had limited withdrawals in an apparent bid to ward off supply shortages and a rise in the commodities’ prices.
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The government in Myanmar gets high marks for supporting economic liberalization but needs better planning to go the distance, one of the country’s most successful entrepreneurs told CNBC on 17 June.
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Norstar Ship Management has opened a new crewing office in Yangon, Myanmar, which will undertake all crew staffing and departure arrangements for its Singapore-based parent company reported splash247.com on 17 June.
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Jeon Byeong-eal, the CEO of POSCO’s trading subsidiary Daewoo International, quit Tuesday after a protracted feud with the steelmaker over an overseas natural gas project.
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Burma’s premier insurance providers will begin offering health coverage on July 1, beginning a one-year pilot project approved by the Ministry of Finance.
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The US government’s development finance institution, Overseas Private Investment Corporation (OPIC), has approved up to US$250 million in financing for Apollo Towers Myanmar.
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Burma’s state-owned flag carrier announced on Monday that it will offer direct flights from Rangoon to Singapore beginning in August.
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An Australian company contracted to assess the potential environmental and social impact of the planned Mongton dam has responded to recent criticism of the consultation process, saying that interference with its data collection efforts could lead to “suboptimal outcomes for the affected communities.”
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Natural gas exports earn Myanmar US$170 million each month, with a total of 1.6 billion cubic feet per day of natural gas exported to Thailand and China, according to the Ministry of Energy (MoE).
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Forty-eight families were left homeless and several people injured after violence broke out on 12 and 13 June as an attempt was made to forcibly evict residents of Simphontaung in Rangoon’s Mingalardon Township.
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Burma’s rice exporters will attend an exhibition in Milan late next month for the first time, hoping to promote Burmese rice in Italy and other European markets, according to the chairman of the Myanmar Rice Federation.
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Leading members of the Buddhist nationalist organization Ma Ba Tha have entered the fray in the debate over five controversial construction projects near Shwedagon Pagoda, threatening nationwide protests if the government refuses to cancel the developments.
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Last year the US listed company announced plans to open a Kentucky Fried Chicken (KFC) in Myanmar. Now it has set its sights on introducing American restaurant chain Pizza Hut to Yangon’s Golden Valley.
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Boeing and Myanmar National Airlines celebrated the delivery of the airline’s first Next-Generation 737-800 leased from GE Capital Aviation Services (GECAS), the commercial aircraft leasing arm of GE according to ETN on 11 June. The celebration also marked the first all-new Boeing airplane to be delivered to any Myanmar-based airline.
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Thai consumer product conglomerate Osotspa Co is stepping up its energy drink business in Burma by joining forces with a local partner for more aggressive expansion throughout the country.
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After more than 50 years of isolation, Myanmar is trying to catch up with the rest of the world in terms of financial services. And entering the race in the digital era is expected to dramatically accelerate the process, analysts say.
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