Business / Trade


The spotlight falls on the state of Myanmar’s political reforms next week when world leaders visit the country for the annual East Asia Summit. In recent months, discussions among the nation’s political heavyweights have focused on next year’s elections and the progress of the internal peace process. US president Barack Obama will probably raise concerns over the pace of democratic change. (more…)

The survey period promoting “Just Business” to business enterprises in ASEAN will be extended by one month to include a larger number of respondents from local and foreign companies based in the country, the Yangon-based Myanmar Center for Responsible Business programme and outreach manager Ma Hnin Wut Yee told Mizzima on November 3. (more…)

A recent outbreak of Ufra rice disease is decimating rice crops in Ayeyarwady Region. Caused by a tiny nematode (Ditylenchus angustus) that feeds on the inner part of unmerged rice leaves, the disease initially causes the discoloration of rice plants. Infected plants have panicles with many unfilled grains, lowering yields, and in severe cases, causing complete crop failure. (more…)

More than US9 billion worth of goods has been imported this fiscal year (FY) including automobiles and the volume is more than US$2 billion than last year, according to the Ministry of Commerce. (more…)

A Myanmar minister has expressed his dissatisfaction with a World Bank report that continues to rank the country as a poor place to do business. (more…)

Reforms of Myanmar’s investment climate are urgent across a number of areas, especially access to finance, land, electricity and skilled workers, according to new World Bank report just out. (more…)

In what is being heralded as one of the biggest foreign company acquisitions in Myanmar, Colgate-Palmolive has stepped in to snap up Laser Brand Toothpaste for a rumoured US$100 million, according to a media report. (more…)

Foreign investment volume, up until October in this fiscal year, has reached nearly US$2 billion in hotel sector in Myanmar, according to the Ministry of Hotel and Tourism. (more…)

Foreign investment volume, up until October in this fiscal year, has reached nearly US$2 billion in hotel sector in Myanmar, according to the Ministry of Hotel and Tourism. (more…)

A strengthening US dollar on global currency markets, coupled with Burma’s growing trade imbalance, has pushed the local currency’s exchange rate above 1,000 kyats per US dollar this week. (more…)

One of the chief financiers of hydroelectric dams planned on Burma’s Salween River is accused of investing in countries where there is “oppression and limited transparency” in order to achieve its objectives. (more…)

The Malaysia-based low-cost carrier AirAsia will soon fly direct flights between Naypyidaw and Kuala Lumpur as the Burmese capital prepares to host a major regional summit next month. (more…)

A dramatic fall in the volume of rice exports has dragged prices downwards and threatens to drive small farmers off the land, farmers’ advocates have warned. (more…)

The change to an e-visa system and the accompanying drop of Myanmar’s pre-arranged visa-on-arrival service has created difficulties for at least 3,000 visitors with plans to visit the Golden Land, U Hnaung Hnaung Han, the secretary of Myanmar Tourism Entrepreneurs Association told Mizzima. (more…)

Local bean companies aim to double the export volume of beans to quality-sensitive European markets starting in the coming export period of January, bean exporters told Mizzima. (more…)

Spend a few days in Yangon, and you can almost believe you are in a country with a functioning financial sector. ATMs, completely absent just a few years ago, now dot the city. Credit cards are increasingly (though still not widely) accepted. (more…)

Members of the Dawei Development Association (DDA), a rights watchdog monitoring the lurching progression of the Dawei Special Economic Zone (DSEZ) in Burma’s southern Tennasserim Division, tabled fresh findings to the Thai Human Rights Commission in Bangkok on Tuesday.
(more…)

Members of the Dawei Development Association (DDA), a rights watchdog monitoring the lurching progression of the Dawei Special Economic Zone (DSEZ) in Burma’s southern Tennasserim Division, tabled fresh findings to the Thai Human Rights Commission in Bangkok on Tuesday.
(more…)

Green Earth Power (Thailand) has signed a memorandum of agreement with the Myanmar Ministry of Electric Power (MOEP) to formalise the development of a 220-megawatt solar power plant in Minbu, in that country’s Magway Region. (more…)

Jade sales at a major gems emporium for local traders in Burma hit a record high this week, a spokesperson for the Myanma Gems Enterprise sales committee told The Irrawaddy on Tuesday. (more…)

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