Business / Trade


Burmese tycoon Tay Za will donate US$1 million to help establish a journalism foundation in the county’s fledgling media market.
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Telenor will mark the launch of its service next month by putting 10 million SIM cards on the market, a company spokesperson told Mizzima on August 5.
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Tourist arrivals to Myanmar in first half of 2014 increased more than 40% compared with the same period last year, officials said Thursday.
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Two-decade long monopoly of the Myanmar Post and Telecommunications (MPT) in Myanmar’s telecoms sector has come to an end when Ooredoo Myanmar launched selling its mobile SIM cards at the end of July.
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South Korean lender Hana Bank said Monday it has established a microfinance institution in Myanmar, joining in the global competition to tap into the impoverished country that has launched dramatic reforms to open up its economy.
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Vikram Kumar, the Resident Representative for the International Finance Corporation (IFC) in Burma, spoke to DVB Interview International’s Alex Bookbinder about IFC investments in Yoma Bank and Shangri-La hotels.
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Myanmar became the 45th country to be granted candidate status with the global Extractive Industries Transparency Initiative in early July.
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Is it too early to launch the Yangon Stock Exchange?
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In the heart of one of Rangoon’s industrial zones, sweat soaks the faces and hands of laborers while the shaking machinery produces a deafening noise. With the push of a shoeless foot onto an iron bar attached to a large, spinning industrial press, there is an unnervingly loud thud and a hole appears in the middle of a 2×2-inch piece of metal—mere centimeters away from the bandaged hand that holds it.
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Myanmar’s mobile users are now faced with a choice for the first time, as Ooredoo launches its services with Telenor to follow.
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It is just after 8am on a sunny Saturday morning and the Muse border post is buzzing. The line of Burmese waiting for permits to cross under the towering faux pagoda and into China for work is already dozens deep. Guards in olive green uniforms check the paperwork of a woman pushing a cart stacked high with boxes in the other direction. A long-haired Burmese hipster in a leather jacket passes through unmolested on a shiny new red Honda with low-rider handlebars. Then a pretty young Chinese woman, upright on a pink electric scooter with a blue parasol, glides through straight on to the ragged verge, narrowly avoiding the oncoming trucks which, stacked high with boxes of Chinese-made TVs and washing machines, kick up swirls of dust as they buck down the thoroughfare.
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Japan’s ANA Holdings (ANA) has cancelled its plan to buy a 49% stake in Asian Wings Airways (AWA), an airline based in Myanmar, also known as Burma.
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The underperforming US$1 billion gas pipeline through Burma into China was built by the state-owned China National Petroleum Corporation (CNPC) to please political leaders in Beijing rather than for sound practical reasons, a report claims. (more…)

Some shops in Mandalay have already begun selling a limited number of Ooredoo SIM cards, as the Qatari company remains tight-lipped about when its mobile phone cards will go on general sale.
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Myanma Oil and Gas Enterprise (MOGE) signed contracts for four onshore blocks after several months’ delay on July 30, according to a statement from the ministry.
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The Ministry of Labour, Employment and Social Security has initiated legal action against officials from a South Korean shoe factory in Hlaing Tharyar township that closed abruptly at the end of June and has refused to compensate laid-off workers, a deputy minister says.
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Former U.S. officials — both critics and champions of Myanmar while working for the government — are doing brisk business as consultants introducing investors to the newly open country.
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China imported 1.87 billion cubic metres of gas through the China-Myanmar gas pipeline in its first year of operation, China National Petroleum Corp (CNPC) said on Monday, as the pipeline slowly ramps up to full capacity.
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Japan-based Sumitomo Mitsui Banking Corporation (SMBC) is currently conducting a survey to assess which small- and medium-sized business enterprises (SMEs) will be eligible for government loans to help their businesses.
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The illegal logging of rosewood in Myanmar and throughout the region highlights the challenge of preservation in the absence of adequate enforcement.
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