Business / Trade


A lower-than-expected population count is taking some of the shine off Myanmar, compelling current and hopeful investors to reassess what profits they can expect out of the frontier market.
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The price of imported vehicles has rapidly declined as a result of the Burmese government’s “car slip” scheme, causing concern among dealers who are incurring major losses on import duties.
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Proposals by Thailand-based companies to build large coal-burning power plants in Burma might prove hard to implement because of logistical difficulties in delivering adequate fuel supplies, an industry newspaper said.
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Let the games begin.
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The tendering process for a new Yangon township, covering 30,000 acres of land located now in the townships of Seikgyikanaungto and Dalla, will be put backout to tender in a transparent manner, the Yangon regional government has announced after criticism followed its original choice of operator.
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The Lower House financial development committee will add bylaws to the Anti-Money Laundering Law to prevent the inflow of dirty money from China, its chairperson, Win Myint, said on August 28.
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Economic Development Minister Alexei Ulyukayev on Friday proposed increasing trade with Myanmar to $500 million a year by 2017 after he signed an agreement with his Myanmar counterpart to set up a bilateral trade and economic commission, RIA Novosti reported.
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An audit conducted for clothing retailer Gap Inc. identified issues with working conditions, health and safety at two factories in Burma that are now producing garments for the United States-based company.
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There has been so much regression on democracy and human rights in Myanmar recently that many people, this editorial page included, have suggested the United States must consider reinstating broad sanctions.
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Burma’s workers are losing out on social benefits because they are not aware of their privileges, according to a labour official.
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The Ye Social Society (YSS) has organized a movement to collect signatures from individuals opposed to the construction of a coal-fired power plant in southern Mon State’s Ye Township.
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Property transfer rules are encouraging money laundering and speculation, say members of the real estate industry.
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A Thai-based corporation is asking Burma’s president for support after facing public opposition to its plans to build a coal-fired power plant in Mon State.
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Thailand is expected to post a border-trade surplus with Myanmar within two years as that country welcomes flows of trade and investment, and its growing economy leads to greater purchasing power.
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The 2014 Green Energy Summit was hosted in Yangon on August 5. Private sector representatives and energy experts from more than 20 countries joined the discussion.
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Reporters learned from the Muse Economic Zone on the 22nd that a new jade market will be established at the Muse Central Economic Zone that borders Ruili in 2015.
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China has a large population with a huge demand for everything. The short supply of raw teak material has become increasingly evident. Teak is tropical and grows between the two tropics. Only a small amount could be produced in Guangdong, Yunnan and Spratly in China. Meanwhile, China enjoys a huge teak market, with teak furniture and floor being the most popular items for Chinese. Faced with the shortage of teak supply, teak businesses turn their attention to overseas markets to increase the import of teak, especially from Southeast Asian countries such as Myanmar and Vietnam.
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According to the Ministry of Foreign Affairs, on August 11, Myanmar president Thein Sein met with Chinese Foreign Minister Wang Yi in the President’s palace in Naypyidaw. Thein Sein committed to Myanmar’s active participation in the Bangladesh-China-India-Myanmar Economic Corridor.
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Even as countries such as China, Japan and Vietnam are investing heavily in Myanmar, capital inflows from India into that country lag. Now, the government of Myanmar has expressed displeasure at the lacklustre investment from India and delay in implementation of Indian projects there.
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Burma’s Financial Intelligence Unit (FIU) has investigated an investment in one of the country’s biggest banks by the grandson of the late dictator Gen. Ne Win, according to a senior official, who declined to disclose the results of the probe.
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