Business / Trade

Indian President Pranab Mukherjee has called for increased bilateral trade between Myanmar and India during a meeting in New Delhi with visiting Myanmar Vice President Dr Sai Mauk Kham, according to a report in Business Standard on January 22. (more…)

The plunge in global oil prices in recent months has proven to be good news for Burmese consumers, but is shrinking profit margins for the country’s crude exporters, industry observers told The Irrawaddy this week. (more…)

The Thai government has decided not to implement a mooted plan to get prisoners to work on fishing vessels in the wake of criticism of the idea by labour and human rights groups, according to a recent press release from the Thai foreign ministry January 19. (more…)

Thai investment in Burmese natural gas development might be curtailed because the army generals running Thailand are worried about dependence on supplies from its neighbor, according to reports. (more…)

Minister of Commerce Win Myint has said that the volume of goods being smuggled across Burma’s borders with China and Thailand is on the rise, despite recent efforts by authorities to crackdown on the rampant, unregulated trade. (more…)

Commerce minister Win Myint said the huge volume of illegal trade in Myanmar is responsible for the country’s low trade figures compared to China and Thailand. (more…)

Tay Za, one of Burma’s biggest business tycoons, has claimed that he obtained and subsequently turned over to the government a mineral believed to contain uranium. (more…)

Japanese payment brand and leading credit card issuer and acquirer in Japan; JCB, announced on January 14 that it expects within the year to launch the issuing of a co-branded dedit card with the Myanmar Payment Union. (more…)

Foreign direct investment in Burma is continuing at a staggering pace, hitting more than US$6 billion in the first nine months of the current fiscal year, according to figures from the Myanmar Investment Commission. (more…)

Plans for the Myawaddy Special Economic Zone are on the agenda for discussion as Thailand’s Deputy Commerce Minister Apiradi Tantraporn visits Myanmar for meetings with Myanmar government officials. (more…)

Myanmar tops the list of markets identified by the Taiwan External Trade Development Council (TAITRA), the island’s semi-official trade promotion body, as holding the largest potential for growth. (more…)

The Myanmar and Chinese authorities plan to crack down on illegal timber trading routes along their long mutual border. (more…)

Burma’s total trade volume this fiscal year is expected to rise by least US$5 billion compared with the previous 12 months, government data show, but economists warn that a rising trade deficit threatens to undermine that growth. (more…)

The British government has just released a report championing the good opportunities for British companies interested in investing in Myanmar’s oil and gas sector. (more…)

Myanmar Posts and Telecommunications (MPT), Burma’s largest state-owned telecom provider, launched a new plan on Monday that will offer consumers internet and phone services at different rates. (more…)

The Myanmar Investment Commission (MIC) has confirmed the corporate income tax rate stands at 25 percent for companies registered under the Myanmar Companies Act or Myanmar Foreign Investment Law (FIL). (more…)

Applications for licenses to practice on the Yangon [Rangoon] Stock Exchange (YEX), set to open in October 2015, have been given the go-ahead by the Burmese Securities and Exchange Commission (SECM) by Maung Maung Thein, Deputy Minister for Finance and Revenue and SECM Chairman. (more…)

Daw Nang Lang Kham, director KBZ Group (more…)

Until a few years ago, there was not much difference between Myanmar and North Korea. The defining features of both were crippling poverty and backwardness, massive debt, isolation from the world by international embargo, harsh dictatorships with a history of murderous oppression, and little hope for a better future. (more…)

With abundant mineral wealth from jade and rubies to copper and coal, Burma ought to be looking forward to a mining boom as it opens up its economy. But long-running insurgencies and a murky regulatory framework are holding back all but the intrepid. (more…)

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