Business / Trade


On a recent rain-soaked night, the ancient gold Shwedagon Pagoda, believed to contain relics of the Buddha, glowed through the mist in Rangoon.
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More than 700 workers protested Thursday in front of the South Korean Embassy in Myanmar to demand officials help them after a Korean-owned factory closed without paying their wages.
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The Shan Human Rights Foundation, a community based human rights organisation, claims that since June 11th the Burma Army has been attacking civilians and is contravening its ceasefire agreement with the Shan State Army-North (SSA-N).
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The first ever British Chamber of Commerce has been registered to work in Burma, in a move the UK hopes will assist companies from the former colonial power looking to set up operations here.
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Burma will become increasingly dependent on imported crude oil and refined fuels over the next ten years because of a lack of planning and investment, an industry report has forecast.
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Burma, one of the final frontiers for the international financial system, now boasts over 2,000 automatic teller machines (ATM) and credit card services provided by global brands such as MasterCard and Visa.
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Facebook is under the spotlight in Myanmar after the latest outbreak of communal rioting was blamed on rampant hate speech and rumor-mongering by users of the social media platform.
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Mitsubishi Aircraft Corp., developing Japan’s first passenger jet, won an order worth $281 million in list prices from Air Mandalay Ltd. in Myanmar, the company’s first sale in the country.
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Japan’s KDDI Corp and Sumitomo Corp, in partnership with Myanmar’s state-backed telecoms operator, plan to invest about $2 billion over the next decade to expand service in one of the world’s least-connected countries.
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Imports from China continue to exceed exports to Myanmar’s largest trading partner, with the imbalance rising to nearly US$1.2 billion in the last fiscal year, government figures show.
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Thailand is spending 300 million baht to promote and develop trade at five border checkpoints bordering Malaysia, Myanmar, Laos and Cambodia.
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Burma faces a “very tough task” to achieve the Ministry of Electric Power’s ambition to develop a modern national energy infrastructure in the next 15 years, an industry report said.
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Dozens of foreign banks are pushing to launch licensed operations in Myanmar, in a bid round closing on Monday that reveals both pros and cons of entering the fast-opening southeast Asian country.
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Images of Steven P. Jobs and Mark Zuckerberg adorn the walls of Myo Myint Kyaw’s creative digital agency. He says they inspire him. But he imagines neither man ever worked in an environment where Internet connections were so unreliable that a “file transfer” often involved delivering electronic documents across town by taxi.
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Gap Inc. began considering operating in Myanmar almost a year after the United States and the European Union formally eased sanctions on the former pariah state; it took another year of preparation before the company became the first U.S. retailer to make clothes in the country formerly known as Burma. In June, Gap announced it will be putting “Made in Myanmar” jackets and vests on its shelves later this summer.
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Burma faces a “very tough task” to achieve the Ministry of Electric Power’s ambition to develop a modern national energy infrastructure in the next 15 years, an industry report said.
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A leading player in Myanmar’s seafood sector tells Mizzima Business Weekly he’s optimistic about the industry’s export potential if constraints can be overcome.
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The palm oil sector may be set for a take-off in southern Myanmar, but experts are divided on whether the controversial crop can be sustainable in the long term.
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A small group of Burmese women who want to start businesses of their own is being helped by Project-W, part of a so-called start-up incubator in Rangoon. Eleven women were chosen for their business ideas, which range from starting an online shop selling longyis, to a travel agency. The women are currently involved in the six-month project, in which they are being taught business skills and market knowledge, and being advised by local mentors.
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The role of state-owned enterprises came under scrutiny in the Pyidaungsu Hluttaw on July 9 after MPs were told that the Ministry of Industry lost K190 billion (about US$195 million) in the second half of the financial year ending March 31.
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