Myint Thwin, an attorney providing legal aid for the farmers in Pwin Oo Lwin’s Magyibin village, said the lawsuits would be filed within a few days. The attorney will also send a notification to the BAD demanding compensation be paid in the next two months. (more…)

In Burma, workers are building one of the most lucrative foreign-funded development projects in the country’s history. Twin oil and gas pipelines will stretch from Burma’s west coast to its northeast border and into energy-hungry China. They are expected to earn Burma about $1 billion per year, but, not everyone is a supporter. (more…)

Rangoon and Mandalay will hold a business conference combining entrepreneurs from Europe and Asia, local media reported on Thursday. (more…)

As Burma contemplates its prospects as an economic powerhouse of Southeast Asia, the government is coming to realize it has been played for a sucker by its neighbours during its decades of political isolation. (more…)

Since its opening a year and a half ago, foreign investors increasingly see Myanmar as a good place for business. But experts know, the country still has a long way to go in terms of infrastructure. (more…)

THE race is on for Burma’s metal resources. (more…)

SINGAPORE: Myanmar is looking for partners to help in its urban development efforts as part of the opening of the country’s policy doors to attract more foreign investors. (more…)

Thai companies have hailed Myanmar’s promise of tax privileges and have downplayed concerns over a threat by Karen rebels to close a border checkpoint between the two countries. (more…)

Burma’s President Thein Sein May Day published a May Day address in state newspapers claiming the government has launched a programme to eradicate forced labour by 2015. (more…)

The Asian Development Bank expects to resume its operations in Myanmar “sooner rather than later,” the bank’s Managing Director-General Rajat Nag said. (more…)

The EU’s decision to suspend most sanctions on Myanmar and Japan’s move to write off the country’s outstanding debt and resume full bilateral aid were “credit positives” that would help boost the country’s economic growth, Moody’s, the credit rating agency, said on Monday. (more…)

South Korea’s top diplomat will hold talks with the foreign minister of Myanmar this week as the resource-rich Southeast Asian country draws a flurry of high-profile visits from European countries and the United States. (more…)

Following a successful bilateral meeting in April, Japan and Myanmar are already forging ahead to strengthen bilateral relations further rather than resting on their laurels. (more…)

A new plan by Thailand to build a port on its own stretch of the Andaman coast may signal the end of the multi-billion dollar dream of creating a major industrial center at Dawei (Tavoy) on Burma’s southeast coast. (more…)

The ancient temples of Pagan are a major attraction for many visitors to Burma. (Photo: Wikimedia)
Tourists and business travelers from the member states of the Association of Southeast Asian Nations (Asean) will be the first to benefit from a visa-on-arrival scheme to be introduced by Burma in June, the country’s immigration minister said on Sunday. (more…)

Yangon – European firms seeking to invest in Myanmar are unlikely to rush into business deals until more concrete reforms are put in place, despite a suspension of economic sanctions by the EU, its foreign policy chief Catherine Ashton said on Saturday.

The European Union and other powers have moved in recent weeks to ease sanctions on Myanmar, as the once pariah nation embarks on landmark reforms and seeks engagement with the world. (more…)

A man steps out from a moneychanger as people walk by in Rangoon on 7 December 2011. Burma is ramping up reforms to open up the country economically after 40 years of stagnation and mismanagement.

Burma’s state-run insurance programme, Insurance Business Supervisory Board, will allow private-sector insurance companies to begin operating in the country. (more…)

Political and economic reforms in Myanmar, fragile as they are, could herald a raft of opportunities for businesses looking for virgin markets. But for some big tech companies like Microsoft, the initial focus is likely to be on an area Southeast Asia has historically been weak in – protecting intellectual property. (more…)

The World Bank announced Thursday it will open an office in Myanmar in June, a quarter century after the emergence of a harsh military junta forced the end of aid programs.

The bank said it would staff the office in Yangon with a new country manager and begin collecting the economic data needed to support a new aid program for the impoverished country. (more…)

Manila – The Asian Development Bank (ADB) said on Friday it was prepared to resume giving financial aid to Myanmar after a 24-year suspension, but only once the government repaid nearly US$500 million (S$620 million) in debt.

ADB president Haruhiko Kuroda said the Manila-based multilateral institution was ready to help the formerly junta-ruled country emerge from decades of economic quagmire, following recent significant political reforms. (more…)