Business / Trade

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…)

As Myanmar’s economy continues to open up to foreign investment, the country is posting a trade deficit of US$4 billion for the first nine months of the 2014-15 fiscal year, according to the Ministry of Commerce’s latest figures. (more…)

The oil price plunge will force energy companies to slash capital spending in North America, Europe and Asia in 2015, according to a report by investment bank Evercore on January 6 highlighted in the Bangkok Post. (more…)

The value of confiscated illegal merchandises topped Ks 3.5 billion (US$3.5 million) last year, with most cases taking place along border routs, according to the Customs Department. (more…)

Burma’s business development prospects in 2015 are forecast to be mixed as the country grapples with a variety of problems ranging from domestic political uncertainty to outside economic influences beyond its control. (more…)

A National Export Strategy should arrive this month, with assistance from economic donors, according to Ministry of Commerce economic adviser U Maung Aung. (more…)

Poor power supply continues to plague Myanmar. (more…)

Business is booming in the tourism sector, President Thein Sein said in his monthly radio address on Thursday, announcing that Burma received more than 3 million visitors and raked in US$3 billion last year. (more…)

Myanmar will formalise sales of government debt via an auction system in Yangon this month, a central bank official said on Friday, the latest move to boost overstretched state coffers and reform the country’s fledgling economy. (more…)

Debate is heating up on the draft Banks and Financial Institutions Law, which is set to significantly change the rules under which the banking sector operates. (more…)

There are a lot more cars piling into Yangon than ever before, and less room to park them. (more…)

A domestic car production industry may take shape in the future as a national plan is drawn up, though for now imported vehicles dominate, according to experts. (more…)

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…)

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