Business / Trade


Economist Sean Turnell has been a researcher of Burma’s economy for over twenty years. He has been an advisor on Burma to the US State Department, to USAID and to Australia’s Department of Foreign Affairs and Trade. he is also an informal advisor to the Burma’s National League for Democracy (NLD) government. He spoke to DVB about Burma’s economic policy released last week.

(more…)

A Shan human rights group has pressed the Burmese government to immediately suspend all resource extraction projects in ethnic states that have been ravaged by conflict and to end Burma Army offenses against civilians.

(more…)

All SIM card users in Burma must complete registration forms with their network providers or face a disruption to their mobile phone service, according to the Ministry of Transport and Communications, which published the alert in a state-run newspaper on Tuesday.

(more…)

AT the CB Bank branch in the Thilawa Special Economic Zone near Yangon, there’s a dedicated “Japan desk”, where an employee of the Bank of Tokyo-Mitsubishi UFJ (BTMU) sits to handle any Japanese corporate business that comes their way.

(more…)

The launch of the government’s economic policy last week was always meant to be the occasion for an announcement of a broad set of economic principles, rather than a detailed set of policy measures for individual sectors and industries.

(more…)

The economic policy statement by the government of Myanmar released on the 29July 2016, has all the right ingredients to take the country forward to the next level in terms of reaching the goal of a middle income developing country. It is heartening to see that the government has been able to put together in a relatively short time a blueprint for a self-reliant economic strategy. It may also receive a thumbs-up from the global investors as well.

(more…)

The National League for Democracy-led government released its much-awaited economic policy on Friday but the document was scant in detail.

(more…)

Myanmar’s decision to shake up its multi-billion dollar jade business is a ground-breaking opportunity to stop human rights abuses and increase transparency, but more needs to be done to create a more inclusive economy, activists said on Thursday.

(more…)

A Rangoon Division parliamentary committee has recommended that the divisional government rescind modification orders delivered earlier this month to eight high-rise construction projects, after the developers petitioned the committee for a review.

(more…)

ON economic policy, the new government has kept its plans close to its chest. A broad economic plan has been promised and sources familiar with the policy say it is complete but yet to be made public.

(more…)

Due to heavy rains in northern Shan State and increased scrutiny from Chinese officials, Burmese traders who typically sell unsanctioned goods in China have been stuck in the border town of Muse, unable to offload their products, sources said.

(more…)

Myanmar aims to attract more foreign investment over the next five years than under the previous government, Finance Minister Kyaw Win told The Nikkei in a recent interview.

(more…)

An editorial in the Burmese state-run newspaper The Mirror has argued that the construction of the highly controversial Chinese-backed Myitsone Dam in Kachin State—suspended since 2011—should be completely abandoned, because it harms relations between Burma and China.

(more…)

The government will not renew mining permits for jade and gems when they expire and will only consider issuing new permits once by-laws to the Myanmar Gemstones Law have been passed, the Ministry of Natural Resources and Environmental Conservation said yesterday.

(more…)

Telecommunications in Myanmar has gone mobile at a phenomenal pace, driving down voice and data rates, with new entrants expected to heat up competition further.

(more…)

After a months-long wait, the National League for Democracy government is set to reveal the first details of its planned economic reforms to be implemented over the next five years.

(more…)

A lawsuit against the Hlaing Tharyar township Premier Coffee factory was dismissed yesterday because the owner paid back overtime wages to his 321 workers, according to a Ministry of Labour official.

(more…)

Myanmar has been hailed in recent years as the next big destination for greenfield investment, yet it very much remains a frontier market and a highly complex place to do business. Myanmar’s transition to semi-civilian rule in early 2011 and especially the successful conduct and outcome of the November 2015 elections have significantly reduced – but not eliminated – reputational risks for companies investing and operating there.

(more…)

The Securities and Exchange Commission of Myanmar (SECM) warned public companies this week that it would take action against those that sell shares without the SECM’s approval, according to a commission member.

(more…)

Myanmar had only used the SEA-ME-WE 3 fibre optic cable previously, but people in the country will be able enjoy the benefits of the SEA-ME-WE 5 and AAE1 cables soon.

(more…)

« Previous PageNext Page »