Business / Trade


Privately owned newspapers are still struggling with competition from state-run publications and exorbitant production costs, with industry insiders predicting further closures and consolidation in the sector.
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YE, Mon State — An estimated 5000 people from villages across Ye Township gathered in Inn Din village on Tuesday morning to protest the Union government’s plan to build a coal-fired power plant in Mon State.
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Myanmar, long one of the world’s least connected nations in terms of telecommunications, is now racing to catch up, providing a boost to the foreign mobile companies allowed into the country last year. (more…)

Singapore’s United Oversea Bank will help develop Myanmar’s energy, manufacturing, construction and tourism services, officials told Mizzima on May 4.
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Myanmar’s Labor Ministry is encouraging a prompt negotiation between employers and employees in garment factories in Yangon for establishing a national minimum wage for workers.
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The Rangoon Division government on Monday launched an initiative to set up a US$25 million public bus service company that would improve major bus lines in Rangoon, Burma’s biggest city.
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Around 500 workers from the factories of Hlaing Tharyar Industrial Zone in the outskirts of Rangoon held a rally in the city on International Workers’ Day, demanding better labour rights and higher pay.
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Burmese nationals are among the crew of a Danish-chartered ship that has been seized by the Iranian government in a long-running business dispute.
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Our recent Guns, Cronies and Crops exposé revealed the human toll of the rubber industry in Myanmar, where companies colluded with the former military junta to seize vast tracts of land from farming communities. Two years previously we showed how citizens in Cambodia and Laos had also lost land to the rubber plantations, with devastating impacts on lives and livelihoods. Stories like these abound across the Mekong region, where large-scale rubber plantations are now one of the main drivers of land grabs and deforestation.
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The Ministry of Agriculture and Irrigation will barely increase loans to farmers from K1462 billion to K1470 billion this year, said U Soe Naing, supervisor from Nay Pyi Taw branch of Myanmar Agricultural Development Bank.
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More of the country’s vast natural gas reserve is being made available for domestic use, officials have announced. The Shwe project, which pumps gas to China by pipeline, began releasing more gas for domestic users before the Thingyan festival, according to a statement from the Southeast Asia Gas Pipeline (SEAGP) company.
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Residents of Madae Island in Arakan State have criticized Myanmar Oil and Gas Enterprise (MOGE) and the China National Petroleum Corporation (CNPC), claiming that regional development assistance promised to local communities has been prematurely halted.
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The first Myanmar businessman to be removed from a U.S. blacklist since the country emerged from military rule said on Thursday that the United States should delist more people so they can partner with American companies to develop the economy.
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Myanmar officials and the business community yesterday expressed hope that the lifting of US sanctions against prominent industrialist U Win Aung last week would open the door to an influx of US investment and the removal from Washington’s blacklist of other tycoons linked to the former military regime.
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An export strategy aimed at integrating Myanmar more broadly into the world economy has been launched by the government with the support of an international trade organisation and the German government.
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Parliament Speaker Thura U Shwe Mann will depart for the United States today on a visit that aims to further both political and economic ties at a crucial time for bilateral relations.
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Australian mining firm Eumeralla Resources and its local partner Myanmar Energy Resources Group (MERG) received approval last year from state authorities to explore a 400km square area in Karenni State. The application, made through Eumeralla’s local Burmese subsidiary Mawsaki Mining Co. which is 70 percent owned by the parent company, still has to be approved by relevant central government authorities but has already raised concerns from local groups worried about the impact that the firm’s activities could have on the environment and the local community. (more…)

Malaysian chemical products distributor Samchem Holdings Bhd is looking to expand into Myanmar and Laos within the next three to five years to complete its presence within the Indo-China region, reports the Sun Daily on April 27, 2015.
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Mitsubishi Corporation says it is to conduct soil tests as the Japanese company proceeds with plans for a coal-fired power plant in Ngayokekaung township, Ayeyarwady Region.
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Upper Myanmar’s Chindwin River, a tributary to the great Ayeyarwady, is choking to death – on gold. As it flows through Sagaing Region’s Hkamti township, rich in natural treasures, it is fouled with red sludge and spoil, the ruins of former and active mines and diggings.
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