Business / Trade


Japan’s ANA Holdings (ANA) has cancelled its plan to buy a 49% stake in Asian Wings Airways (AWA), an airline based in Myanmar, also known as Burma.
(more…)

The underperforming US$1 billion gas pipeline through Burma into China was built by the state-owned China National Petroleum Corporation (CNPC) to please political leaders in Beijing rather than for sound practical reasons, a report claims. (more…)

Some shops in Mandalay have already begun selling a limited number of Ooredoo SIM cards, as the Qatari company remains tight-lipped about when its mobile phone cards will go on general sale.
(more…)

Myanma Oil and Gas Enterprise (MOGE) signed contracts for four onshore blocks after several months’ delay on July 30, according to a statement from the ministry.
(more…)

The Ministry of Labour, Employment and Social Security has initiated legal action against officials from a South Korean shoe factory in Hlaing Tharyar township that closed abruptly at the end of June and has refused to compensate laid-off workers, a deputy minister says.
(more…)

Former U.S. officials — both critics and champions of Myanmar while working for the government — are doing brisk business as consultants introducing investors to the newly open country.
(more…)

China imported 1.87 billion cubic metres of gas through the China-Myanmar gas pipeline in its first year of operation, China National Petroleum Corp (CNPC) said on Monday, as the pipeline slowly ramps up to full capacity.
(more…)

Japan-based Sumitomo Mitsui Banking Corporation (SMBC) is currently conducting a survey to assess which small- and medium-sized business enterprises (SMEs) will be eligible for government loans to help their businesses.
(more…)

The illegal logging of rosewood in Myanmar and throughout the region highlights the challenge of preservation in the absence of adequate enforcement.
(more…)

According to a report by Eleven Group on the 20th, Myanmar Ministry of Railway Transportation formally released information that the Sino-Myanmar Kyaukpyu-Kunming Railway project has run aground. It  said that the MOU, signed in 2011, has expired, but “China did not continue the conversation and the Ministry of Railway Transportation does not have a plan to implement it.”  On July 21st, an authoritative figure who participated in the project verified to Global Times that “the push for a related project has been put on hold.”
(more…)

According to information released by the Myanmar Ministry of Railway Transportation, the Sino-Myanmar Kyaukpyu-Kunming Railway has run aground.
(more…)

Many banks were affected by the 2003 financial crisis in Myanmar and among them was Yoma Bank. After its licence was returned in August 2012, the bank decided to head in a new direction. Canadian Hal Bosher, Yoma Bank’s chief executive officer, was formerly with the World Bank. Mizzima Business Weekly’s Hans Hulst spoke to Mr Bosher about the challenges facing Myanmar’s banking sector.
(more…)

The Parami Energy Group of Companies is a leading local provider of services to oil and gas companies operating in Myanmar; but, as CEO U Pyae Wa Tun (who is also known as U Ken Tun) is quick to point out, local firms account for a mere 5 percent of investment in the country’s crucial energy sector. This needs to change, he says, because it is costing the government much-needed tax revenue. As he tells The Irrawaddy’s Kyaw Hsu Mon, Myanmar needs to implement policies that will make it less dependent on foreign companies and put development of its energy sector on a more sustainable course.
(more…)

Residents raise environmental, health concerns
(more…)

China’s strategic investment in an oil transhipment terminal on the Myanmar coast at Kyaukphyu and a 900-kilometre pipeline to Yunnan could soon be justified by a surge in piracy in the Malacca Strait between Malaysia and Indonesia.
(more…)

Although China remains the biggest foreign investor in Myanmar, investments from other countries are quickly catching up in the Southeast Asian nation, which was once a pariah in the international community.
(more…)

A three-day ASEAN senior economic officials meeting is underway in Yangon to make preparations for an ASEAN economic ministers meeting scheduled for August, meeting sources said Sunday.
(more…)

Myanmar’s opening attracted much interest not only from Asian neighbors but also from those in the West that once considered the country a pariah.
(more…)

Myanmar is preparing to grant up to 10 foreign bank licenses next month, a senior government official said, allowing overseas lenders to start doing business in the country after decades of being frozen out.
(more…)

Standard Chartered’s decision to not move forward with the licensing process is “a missed opportunity for Myanmar”, according to experts.
(more…)

Next Page »