Business / Trade

Nestled on a bed of gravel, an hour’s drive from Mandalay, the second largest city in Myanmar, also known as Burma, is the country’s newest power station. (more…)

Rangoon’s Industrial Zones Management Committee has received business proposals for only about 20 percent of the idle land holdings in divisional industrial zones by a government-imposed deadline this week, according to Myat Thin Aung, chairman of the Hlaing Tharyar Industrial Zone. (more…)

Yoma Bank sees disbursement of loans to small and medium enterprises as a crucial part of its service, U Theim Wai, chairman of First Myanmar Investment told Mizzima on December 17. (more…)

Per January 1, the Ministry of Commerce will require car importers to apply for import licenses prior to shipping as part of a government effort to reduce the storage of vehicles at Thilawa Port, state media announced on Wednesday. (more…)

The Yoma Strategic Holdings conglomerate has cultivated an enormous portfolio of real estate, agriculture, tourism, banking, automotive and retail businesses in Burma over the last two decades. As of December this year, the company’s market capitalization was US$692 million, and it ranks in the top five percent of Singapore Exchange-listed companies on the 2014 Governance and Transparency Index. Yoma recently secured a $100 million loan from the Asian Development Bank (ADB) for infrastructure development projects in Burma. (more…)

The Asian Development Bank will provide a loan of up to US$100 million to local conglomerate Yoma Strategic Holdings to improve infrastructure connectivity in Burma, according to Christopher Thieme, director of ADB’s private sector operations department. (more…)

Myanmar is one of several frontier markets that have the potential to deliver a relatively better performance for investors than emerging markets, according to a new Deutsche Bank report. (more…)

Myanmar’s economic reform process has not yet reached its goal, Parliamentary Speaker Thura U Shwe Mann told business people and media at a meeting at the office of the Hlinethaya Industrial Zone on December 13. (more…)

Investment by the International Finance Corporation (IFC) in Myanmar is expected to rise to $1 billion over the next three years as it supports the development of the private sector, the backbone of growth and job creation, it said on Friday. (more…)

Muse Central Economic Zone project, spearheaded by the Shan State government and a local private venture, is moving forward in an effort to boost commerce along the Chinese border, despite land grievances from some local residents. (more…)

But an industry report said it could be the next decade by the time any new oil or gas is actually produced from 20 licensed blocks. (more…)

President U Thein Sein called on South Korea to expand its investment in Myanmar during a meeting with his South Korean counterpart, President Park Geun-hye. (more…)

The Mizo National Front in northeast India has attacked the local Congress Party government for its plans to buy rice from Myanmar, facilitated by the extension to the Silchar-Lumding railway line, according to a report from on December 11. (more…)

Myanmar’s state-owned airline, Myanma Airways, will undergo a sweeping half a billion-dollar overhaul as the carrier looks to upgrade its domestic service and eyes expansion to international destinations. (more…)

The draft National Land Use Policy has created widespread discontent in Myanmar. The policy is positive for those who may seek to acquire land for business purposes and have security in their investments. The policy views all the country’s land resources as a state-owned commodity. It relies mainly on high tech, top-down approaches for determining, (re)zoning and administering land and legal land rights. It is mainly oriented toward addressing the problem of how to facilitate large-scale transfers of rights from many existing (small) occupants and users to large-scale users through land concessions and leases. (more…)

Myanmar’s government is preparing to release its National Export Strategy in January 2015 in an attempt to boost income for the country, aware that regional trade could loosen up under the formation of the ASEAN Economic Community. (more…)

The list of 1,000 top tax payers who has paid tax volume ranging from below the Ks. 50 million (US$50,000) to above Ks. 10,000 million (US$10 million) will be announced this week, according to a senior official of the Internal Revenue Department. (more…)

The Ministry of Energy’s Myanma Oil and Gas Enterprise signed production sharing agreements with UK and Indian companies on December 4 in Nay Pyi Taw, state-run media reported on December 6. (more…)

The Yangon Region Work Project Scrutiny Committee and management committees of industrial zones are working together to expose entrepreneurs who have not officially declared their industries in the industrial zones, representatives of the businesses community told Mizzima on December 5. (more…)

Rakhine businesses struggle in aftermath of unrest


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