Business / Trade


Two miles north of Muse, on Myanmar’s border with China, a company is negotiating with farmers to buy their land with a view to building a dry port.
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Today, 26 January, is the 67th Republic Day of India. H.E. Mr. Gautam Mukhopadhaya, Ambassador of India to Myanmar, talked to Mizzima Editor-in-Chief Soe Myint about a range of issues including Indian-Myanmar relations, the Act East Policy, the potential for improved trade and investment between the two countries and his positive view of the Myanmar elections.
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Radio silence from the National League for Democracy on ministerial appointments is holding back dialogue with international financial institutions (IFIs), according to senior IFI officials.
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At least a dozen gems prospectors are missing after a fresh landslide on Monday in Kachin State’s Hpakant jade mining region, the latest in a series of deadly incidents.
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Burma’s outgoing Union Parliament on Friday approved a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase.
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The end of 2015 saw a series of major announcements and decisions regarding Myanmar’s latest special economic zone (SEZ) in Kyaukphyu township of Rakhine State. In late December, Myanmar’s government approved the demarcation of land for the SEZ and awarded tenders to develop the SEZ to a CITIC Group-led consortium.
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Seven foreign firms are interested in bidding for Burma‘s fourth telecoms license, a government official said on Monday, as the prospects of one of the region’s least connected nations outweigh the challenges of a partnership involving obscure local firms with scant industry experience.
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Myanmar’s state-owned economic enterprises (SEEs) control vast amounts of public money. In recent years, more than 60 percent of all money collected by the Union government has passed through the SEEs. That means that every time the government builds a hospital, paves a road or pays a teacher’s salary, chances are some of the money it uses has transited through an SEE before reaching the state budget. What’s more, some of these companies appear to be amassing large sums of money – at levels reaching trillions of kyat – in opaque accounts not subject to ordinary budget processes. If the incoming National League of Democracy government wants to make meaningful progress in improving public sector performance, it will have to tackle SEE reform head-on.
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Today, 26 January, is the 67th Republic Day of India. H.E. Mr. Gautam Mukhopadhaya, Ambassador of India to Myanmar, talked to Mizzima Editor-in-Chief Soe Myint about a range of issues including Indian-Myanmar relations, the Act East Policy, the potential for improved trade and investment between the two countries and his positive view of the Myanmar elections.
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Construction of a high-rise development in Rangoon owned by the leader of a militia is unlikely to resume after it was temporarily suspended earlier this week, according to an official from the municipal government.
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Myanmar’s first report under the Extractive Industries Transparency Initiative (EITI) has provided levels of disclosure on companies’ activities “unthinkable” just a few years ago, NGOs and civil society organisations said. But they also see it as only a first step in pulling back the curtain on how Myanmar’s natural resources are managed.
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“Aggrieved ” motorists are paying 20-30 percent too much for fuel at the pump, oil experts say, as the slump in world oil prices has yet to be converted into lower retail prices.
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This paper was a matter of some controversy last week when we ran a job advert in which we said we were looking to employ “Marketing Executives (Female only)”.
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Stocks, oil and emerging currencies all went into reverse Thursday as an early rally gave way to fear again, extending a rout that has sent global markets into a tailspin since the start of the year.
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A dual-function co-brand debit card, MPU-Union Pay, will be introduced in Myanmar, aimed at facilitating travelers in both domestic and international payments, an official of the Central Bank of Myanmar (CBM) said Thursday.
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Only two or three companies will be ready to list on the Yangon Stock Exchange by March, when trading is expected to start, according to an official at the Myanmar Securities and Exchange Commission (SEC).
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A state-owned mining enterprise has warned that it may sue more than two dozen gold mining firms for overdue payments, after the private companies violated profit-sharing agreements.
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Burma welcomed 4.68 million tourists in 2015, according to figures from the Ministry of Hotels and Tourism, another sizeable annual uptick representing a 52 percent increase on the previous year.
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SMART Myanmar held a kick-off launch event on 19 January at the UMFCCI with approximately 200 guests from factories, embassies and other stakeholders, according to a press release on the 20 January.
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Taking a page out of the workers’ union book, overseas recruiters have found their boycott paid off.

A moratorium on sending workers to Malaysia was launched after revisions to the scheme jumped the visa price and allowed a functional monopoly by funneling all applications through a single agency.
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