Business / Trade


The Union government granted nearly 7 billion kyats to Mon State on Tuesday.

The funding, announced during Vice-President Dr. Sai Mauk Kham’s visit to the region, will be a cooperative loan for an agricultural equipment that will be paid out in installments. (more…)

Myanmar workers are preparing to protest over alleged discrimination by Thailand’s PTT Exploration and Production Company, according to the Zawtika Offshore Myanmar Organization or ZOMO on February 20.
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Foreign loans entering Myanmar are being held up for months as the Central Bank of Myanmar tightens its grip on incoming capital.
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Rangoon police have denied that they initiated a violent confrontation between their officers and striking workers that took place on 20 February.
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Concerned embassies have reportedly made representations to the Burmese government on behalf of foreign businesses affected by a long-running strike at the Shwepyithar Industrial Zone.
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Thousands of Rangoon’s factory workers this week vowed to continue a strike until they receive a pay raise, following warnings from the divisional government not to cause public upset.
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For many years, Canada’s since-rebranded Ivanhoe Mines was one of the very few Western mining companies involved in Burma through its stake in one of the country’s largest mines, located near Monywa. Recently disclosed documents reveal that during the period between April 2003 and January 2004, Ivanhoe’s local Burmese joint venture may have violated a number of Western sanctions by selling copper to internationally blacklisted military-affiliated entities.
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The leaders of Japan and five Southeast Asian countries along the Mekong River plan to craft a new strategy in July for Tokyo to contribute to sustainable development of the Mekong region beyond 2015, according to the Bangkok Post on February 19.
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Amid human rights concerns linked to the investment surge in Myanmar, too few companies publicly discuss their human rights policies and due diligence efforts, according to the findings of the Business & Human Rights Resource Centre on February 17.
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UK Trade and Investment Burma and the British Chamber of Commerce are set to host the “Myanmar Investment Summit” in London on February 19 to showcase investment opportunities in Myanmar to British companies and investors.
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Recent conflicts between the government and armed ethnic rebels in Burma are not expected to have an impact on foreign investment inflows over the next year, economic observers told The Irrawaddy this week, though broader turmoil could presage a negative long-term outlook.
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Myanmar and India’s commerce ministers reiterated their mutual desire to improve trade between their two countries at a meeting in Nay Pyi Taw, according to the Business Standard on February 17.
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At least three textile and electronics factories in the Thai border province of Tak were found to be using Myanmar immigrant child labourers aged under 15, according to The Nation on February 17.
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Myanmar Payment Union and payment services vendor 2C2P have joined up to provide a new payment option for online shoppers in Myanmar, according to ZD Net on February 16.
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The trade deficit is becoming an increasing cause for concern as it widened to K2.3 trillion (US$2.2 billion) in the first six months of the 2014-15 financial year, according to a report issued in parliament last week.
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Printing money may now be in the hands of an autonomous Central Bank of Myanmar, but there is a ways to go until the process is transparent.
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Myanmar’s minister for electric power hopes half of the country’s households will get electricity by 2016, reports the Global New Light of Myanmar on February 12.
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Two weeks after the sudden suspension of the Dagon City 1 high-rise project highlighted the inconsistencies of Rangoon’s current planning regime, the development appears set to go ahead as planned after a government review is concluded.
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SABMiller is exploring the possibility of snapping up a stake in Burma’s biggest brewer, a deal that would make it the partner of a conglomerate with ties to the former ruling military, sources familiar with the matter say.
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PTT Plc’s gas supplier in Myanmar’s Yetagun offshore gas field has put in a request for a reduction in the daily contract quantity of natural gas supplied to PTT in Thailand, due to continuing lower output, reports The Nation on February 12.
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