Business / Trade


Communities in northern Shan State have grown worried over two large hydropower dams planned on the Salween River and its tributary, after government officials and representatives of a Burmese and Chinese company informed them about the projects last month, Shan NGOs said Tuesday.
(more…)

While observers are positive about the economic outlook as Burma enters a new fiscal year, the Asian Development Bank (ADB) and the International Monetary Fund (IMF) both predict rising inflation, pushing the cost of living up for the country’s mostly poor population.
(more…)

On March 8, a quiet revolution happened. The Norwegian telecommunications company Telenor became the first private company in Myanmar’s history to establish an international Internet link from the country.
(more…)

A ban on all raw timber exports from Burma came into effect on Tuesday, in an attempt to rein in one of the country’s highly lucrative and notoriously corrupt extractives. The new regulation, which criminalises cross-border trade of unrefined wood products, is meant to stop the flow of raw resources and encourage development of value-added processing industries, though many are sceptical of the government’s ability to accomplish that outcome.
(more…)

Four activists here who oppose a government electricity rate hike are facing criminal charges after staging an unauthorized protest last week, while other protestors saw their demonstration cut short by police on Monday night.
(more…)

With Burma’s eighth domestic airline taking to the skies last month and another three set to follow suit, the country’s civil aviation sector is overcrowded, and on the whole, unprofitable. However some suggest that increased competition will precipitate a shake-up of the sector, which still has much to be desired in terms of its safety record and infrastructure.
(more…)

Advocacy group pushes for solution to migrant workers’ plight
(more…)

One of them has helped reforest environmentally threatened regions and donated money to assist children with Down syndrome. A portion of every ticket his airline sells goes to social welfare organizations. And when Cyclone Nargis devastated Myanmar in 2008, his foundation contributed more than $8 million to rebuild schools, hospitals, and monasteries.
(more…)

Companies will soon find out how much oil and gas there really is offshore
(more…)

Long-awaited news on which foreign energy companies have been given rights to explore offshore Myanmar reads like a who’s who of the oil and gas industry, but with a very noticeable exception.
(more…)

Between 2000 and 2013, Burma’s rich forests were decimated through authorized logging as well as a massive illegal timber trade that saw 22.8 million cubic meters of wood with an estimated total value of US$8 billion leave the country, a new report says. (more…)

Activists in Burma’s commercial capital plan to hold a candle-lit protest against an electricity price increase due to take effect April 1, with demonstrators planning to stage the action in front of City Hall on Wednesday night.
(more…)

Nearly a thousand Burmese migrant workers staged a rally outside their garment factory in northern Thailand, calling for improved labour rights.
(more…)

International oil majors including Royal Dutch Shell, Statoil, ConocoPhillips and Total won rights to explore for oil and gas off Myanmar, according to the Southeast Asian country’s Ministry of Energy.
(more…)

It is still home to some of the most pristine forests in Southeast Asia. But forest experts warn that Myanmar is fast losing its woodlands due to a combination of commercial logging, agricultural expansion and firewood harvesting.
(more…)

The news website the Democratic Voice of Burma (DVB) reports that new building work will not be authorised while the government hopes to achieve World Heritage status for the site from UNESCO.
(more…)

In the final three quarters of 2013, export earnings from Myanmar’s jade trade reached $920 million—up more than a third from a year earlier—according to newly released figures from the country’s Ministry of National Planning and Economic Development.
(more…)

Myanmar-focused conglomerate Yoma Strategic Holdings Ltd said Southeast Asia needs to work exceptionally hard to realise a balanced, European Union-style integration of such disparate economies.
(more…)

About 100 people have begun a march of about 1,200kilometres (750 miles) from Yangon to the site of the controversial Myitsone Dam in Kachin State to demand that the project be cancelled.
(more…)

Myanmar’s economic transformation is ineffective because it lacks a specific focus and is being implemented too quickly, the head of the presidential economic advisory team, Dr U Myint, said on March 19.
(more…)

« Previous PageNext Page »