Business / Trade


Last year the US listed company announced plans to open a Kentucky Fried Chicken (KFC) in Myanmar. Now it has set its sights on introducing American restaurant chain Pizza Hut to Yangon’s Golden Valley.
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Boeing and Myanmar National Airlines celebrated the delivery of the airline’s first Next-Generation 737-800 leased from GE Capital Aviation Services (GECAS), the commercial aircraft leasing arm of GE according to ETN on 11 June. The celebration also marked the first all-new Boeing airplane to be delivered to any Myanmar-based airline.
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Thai consumer product conglomerate Osotspa Co is stepping up its energy drink business in Burma by joining forces with a local partner for more aggressive expansion throughout the country.
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After more than 50 years of isolation, Myanmar is trying to catch up with the rest of the world in terms of financial services. And entering the race in the digital era is expected to dramatically accelerate the process, analysts say.
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Local gold prices reached a 27-year peak on Wednesday, following the continued weakening of the kyat against the US dollar, industry sources said.
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A lawmaker has failed in her efforts to compel the Rangoon Division Parliament to block five controversial developments near Shwedagon Pagoda, after an intervention from the divisional planning minister shut down debate on the matter.
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Information technology experts have urged authorities to implement new laws governing the practices of e-commerce, as legal questions remain over online transactions.
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Soaring sugar prices have prompted Mandalay food companies to appeal to the government for help. Myanmar Food Processors’ and Exporters’ Association (Mandalay) has asked the commerce ministry to allow the import of sugar, which has been blocked since the end of April.
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The combined investment law will have built-in incentives for priority areas and sectors, according to U Aung Naing Oo, director general of the Directorate of Investment and Company Adminstration.
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A $6 billion hydropower dam planned for a site in Myanmar’s Shan state is drawing fierce opposition from locals who say it will flood an area nearly the size of Singapore, destroying 100 communities.
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Saha Group, Thailand’s leading consumer product conglomerate, has scrapped plans to set up an industrial estate in Burma, citing high land prices in the neighbouring country.
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Myanmar’s state-owned Myanmar Oil and Gas Enterprise (MOGE) came in second-last in a survey covering the transparency of 45 large state-owned enterprises around the world.
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A law enacted last month by the quasi-military government allows officials in the Buddhist-majority nation to order women to wait three years between births. Rights groups say the changes, which are backed by ultra-nationalist Buddhist groups, target Muslim women according to a report in the Singapore based Today on 9 June.
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Civil society organizations in Shan State have called for an immediate halt to a planned hydroelectric dam on the Salween River, accusing an Australian company of helping to push the project ahead without proper public consultation.
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The peak business representative bodies from the UK and Burma have signed an accord in Rangoon to increase trade between the two countries.
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Lippo Group, one of Indonesia’s largest conglomerates, launched on Saturday its first hospital in Myanmar, as part of the group’s plan to spend $1 billion to build 20 hospitals in the country over the next three to five years.
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Villagers in Karen State have lodged a protest at their local land registration office against applications by companies and investors to take community land for development projects.
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The Ministry of Rail Transportation has called for investment in a major upgrade of Rangoon’s Kyimyindaing Railway Station and development of its surrounding compound, with plans for multi-story commercial and office complexes, hotels and serviced apartments.
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Visitors flying into this buzzing tropical metropolis step into a modern glass-and-steel airport that symbolizes both Myanmar’s aspirations to rejoin the wider world after years of isolation and the country’s troubled past.
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About 500 women from Myanmar have been barred in the past three weeks from leaving their country to work in Singapore as maids, said employment agencies.
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