Local Time in Thailand: Print

This Burma news feed has moved to our Twitter space @CSThailand!  Please follow us on Twitter for Burma focused updates, events, and related news. 

Follow us on Twitter

Recent Business News on Burma

Disclaimer: The views expressed in the articles are those of the authors and do not necessarily reflect U.S. government policies.

The week of January 27, 2013

Burma gets Asian Development Bank and World Bank loans

BBC News

The Asian Development Bank (ADB) and the World Bank have approved fresh loans for Burma to aid the social and economic development of the country. The ADB granted $512m (£325m), while the World Bank approved a $440m credit. The loans were ...

The week of January 21, 2013

Myanmar unemployment rate near 40 percent, study finds


Myanmar's most updated English news website, politic news, business news and other latest news website in Myanmar published by Eleven Media Group

TCC backs economic zone on Thai-Myanmar border
Bangkok Post

Businesses have hailed the government's plan to develop a special economic zone on the Thai-Myanmar border, but they urged the government to promote investments in neighboring countries more seriously. "The private sector hopes the Mae Sot special ...

The week of January 17, 2013

Burma-US trade up 200%

Myanmar Business

After decades of minimal trade between Burma and the United States, the bilateral flow of exports and imports has dramatically increased by three times, ...

The week of December 23, 2012

Visa cards now available in Myanmar: CB Bank - Myanmar Business ...
Myanmar Business Network

Visa cards can now be used in Myanmar, according to an official from a commercial private bank in the country. Managing Director Phay Myint from Co- operative ...

Biofuel plant for Myanmar

Bangkok Post

The biofuel plant will be located on Myanmar's Song island near Thailand's Ranong province. The project will use palm oil as its raw material. The proposed local partner is one of the biggest business groups in Myanmar, and a contract will be signed ...

HAG inks $300 mln deal on Myanmar complex ~ Myanmar Business ...
Myanmar Business Network

Vietnam's Hoang Anh Gia Lai Group (HAG) and the Myanmar's Ministry of Hotels & Tourism closed Tuesday a BOT (build-operate-transfer) contract and a land ...

KTB charts Myanmar expansion

Bangkok Post

Foreign financial institutions doing business in Myanmar are required to expand in four stages: a representative office, a joint venture with a local financial institution, a subsidiary and a branch, KTB president Vorapak Tanyawong said after the ...

The week of December 16, 2012

Thai 'backdoor' listings for Myanmar companies proposed
Bangkok Post

Myanmar companies seeking to raise funds for projects in their country's fast-developing economy might be able to manage “backdoor'' listings in Thailand, a recent conference in Kuala Lumpur heard. Myanmar experts based in Thailand were the key ...

Myanmar Appoints Extractive Industries Transparency Initiative (EITI) Lead


The appointment of an EITI lead marks a milestone in the process towards EITI candidature, showing that the government is now taking the necessary actions to deliver on the commitment to implement EITI.

The week of December 9, 2012

Western Union to operate in Myanmar

Bangkok Post

Western Union has signed a deal to conduct person-to-person money transfers through Co-operative Bank of Myanmar, one of the last nations on Earth which restricted the US money-transfer company. “Western Union has just signed an agreement with CB ...

GE Aeroderivative Gas Turbines Tapped for Independent Power Project in ..

Business Wire (press release)

YANGON CITY, Myanmar--(BUSINESS WIRE)--GE (NYSE: GE) aeroderivative gas turbine technology has been selected for one of the first projects in Myanmar since the U.S. government recently lifted sanctions on U.S. investment in the country. A fast-track ...

The week of December 2, 2012

Myanmar Finalizing New Mining Law

Wall Street Journal

SINGAPORE—Myanmar will finalize proposals for its new mining law early next year as part of wide-ranging legislative reforms aimed at boosting investment in the rapidly liberalizing country, officials from the ministry of mines said Tuesday.

Intel Corporation (NASDAQ:INTC) Opens Processors Distribution in Myanmar
Property Mentor

The recent development comes at a time following the opening of borders by Myanmar for foreign investors and new goods. Analysts are of the view that the opening of the Myanmar borders to international business will attract major Western companies.

Myanmar cement firms prepare for building boom

Bangkok Post

Supervising LVT's business in Myanmar, Mr Wisoot said the first cement plant with production capacity of 200 tonnes per day was set up in Myanmar in 1935. Since then the cement business has moderately expanded but is still insufficient to meet demand, ...

Myanmar's investment law: temper applause with caution

Bangkok Post

After months of parliamentary debate, Nay Pyi Taw has finally done it: Myanmar's new Foreign Investment Law was enacted on Nov 2 with a number of protectionist measures struck from the final draft. While the law clarifies some issues for investors and ...

The week of November 25, 2012

JCB announces credit card deal in Burma

Mizzima News

JCB is to become the third of the major global credit card companies to launch operations in Burma after its international subsidiary, JCB International (JCBI), signed an agreement with Myanmar Payment Union (MPU) to issue JCB cards in the country.

Myanmar environmental law could affect Dawei standards

Bangkok Post

Businesses looking to invest in Dawei are bracing for heightened risk as Myanmar's Environmental Conservation Act is set to take effect next year, a seminar heard yesterday. Environmental consultant Yan Min Aung said the Act gives the Myanmar ...

Easting Burma Sanctions Draws Interest of U.S. Businesses


The United States is looking to increase business with Burma following President Barack Obama's historic visit and the easing of economic sanctions.

The week of November 18, 2012

Manufacturing a future for Myanmar's people
Asia Times Online

Myanmar's rapprochement with the West presents a rare opportunity to untangle a web of unfeasible sanctions, rein in the business oligarchy and harness the progressive elements within Myanmar's economy to help alleviate the poverty suffered by millions ...

Myanmar Trail Blazers

Two Danish Myanmar experts, Jakob Thoft Korslund and Bjarke Manniche Nielsen, have from their base in Bangkok set up the company “Myanmar Liaison Limited” to assist other companies in entering the difficult Myanmar market.

The week of November 11, 2012

Thailand 'can steal Singapore's crown'

Bangkok Post

An Australian business leader made the unlikely suggestion at a conference yesterday that Thailand could surpass Singapore as a regional financial hub by becoming a new gateway to Myanmar. Carey Ramm, executive chairman of the Australian ...

MasterCard Marks Another 'First' in Myanmar with First ATM Transaction Using a

Investor's Business Daily

SINGAPORE--(BUSINESS WIRE)-- The first ATM installed in Myanmar became the first to accept an international payments card as announced by Co-operative Bank Ltd (CB Bank) and MasterCard Worldwide today. The transaction was made using a ...

Equity index to track Myanmar

Financial Times (blog)

The recent completion of Myanmar's new foreign investment law has further fuelled investor interest in the country with almost daily news of investment plans, distribution deals and high-level business missions. Now the creation of an equity index to ...

A Rare Moment for Myanmar — and America
New York Times

As Aung San Suu Kyi said, people-friendly investments like small-scale farming and labor-intensive businesses are of highest priority. Myanmar needs basic investments in water wells and electricity. Moreover, peaceful resolutions to the conflicts in ...

Myanmar is open for Business

New York Times

The week of November 4, 2012

Myanmar, the Last Frontier?


Although investment activity into the nation remains in an exploratory state with most investors moving very cautiously as Myanmar's business environment is still considered to be opaque. The finalization of the Foreign Investor Law at the beginning of ...

Analysis: Foreign insurers enter Myanmar market with hope, caution

Fox Business

HONG KONG – The world's top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation's political past. Prudential Plc , AIA Group Ltd <1299.HK> and Manulife Financial Corp are among ...

Myanmar's foreign investment law lauded


According to the law, shares can be negotiated between both sides," said Myat Thin Aung, chairman of the AA Medical Company and of the Hlinethaya Industrial Zone. "Any ratio can be fixed as they agree. Now, we don't need to pay income tax up to five ...

Myanmar's new foreign investment law ...


YANGON - Myanmar's new foreign investment law allows overseas firms to fully own ventures and...

Malaysia eyes rubber, oil plantations in Myanmar

Myanmar Times

Malaysia's Minister of Plantation Industries and Commodities Mr Tan Sri Bernard Dompok speaks during a press conference in Yangon Thursday, November 1, 2012. (Thiri Lu / The Myanmar Times). Malaysia is eyeing Myanmar as a possible site for a palm ...

PWC report dubs Dawei as 'Darling' to investors

The Nation

The enthusiasm of the global business community to get in on |the ground floor of an opening Myanmar is high, but caution and prudence are the watchwords when assessing opportunities in the country, the report says, with much depending on the ...

Burma eases rules for forming public companies

Mizzima News

“We welcome the easing of restrictions applicable to the establishment of public companies,” said the vice-chairman of the Republic of the Union of Myanmar Federation of Chamber of Commerce & Industry. “Such companies are needed in each business ...

Parliament passes Foreign Investment Law

Mizzima News

The law requires that only Burmese citizens can be employed in businesses where no skill is demanded, while in those areas which require a special skill, at least 25 percent of the employees must be Burmese for the initial two years of operations, 50 ...

The week of October 28, 2012

Silk Road Plans Investments for Myanmar Fund: Southeast Asia


Silk Road Management, an investor in frontier markets, will take stakes in three Myanmar projects by year-end, the first private-equity deals in Southeast Asia's poorest nation as it emerges from five decades of isolation. The Myanmar Human Capital ...

Myanmar investment law a major step

Bangkok Post

Myanmar President Thein Sein has signed an eagerly awaited foreign investment bill after lawmakers removed protectionist measures inserted in earlier drafts. The development came as the World Bank pledged to resume aid to the country for the first time ...

Myanmar plans to build 1m flats in 15 years


Myanmar plans to build more than a million residential flats in 15 years, sources from the Construction Ministry said. Myanmar has built only 240,594 flats in 23 years from 1989 to 2012.

ILFC Delivers Airbus A320 to Myanmar Airways International


"ILFC is very pleased to be the first international leasing company to lease an A320 in Myanmar. We look forward to supporting MAI's growth and that of the aviation industry in Myanmar," said ILFC's Head of Asia Pacific, David Nixon. "ILFC believes MAI ...

Italian-Thai alters plan for Dawei

Bangkok Post

The government earlier announced that Thailand and Myanmar had agreed on a special purpose vehicle (SPV) company to manage the project, while international lenders, including the Asian Development Bank, have hesitated to extend loans to Dawei.

Traders Demand Official Border Exchange Rates

The Irrawaddy News Magazine

Burmese traders in Myawaddy, across from the Thai border town of Mae Sot, want the Naypyidaw government to boost business by expanding the country's new official rate of currency exchange to include the Thai baht. “Thailand never has a higher value for ...

ADB ready to start development strategy

Mizzima News

The Asian Development Bank (ADB) and the Burmese government have agreed on a new Interim Country Partnership Strategy that sets the stage for ADB's re-engagement in the country. “ADB will work ...

The week of October 21, 2012

Banking on change in Burma

ABC News (Australian ...

Since a quasi-civilian government came to power in Burma, the introduction of ATMs and debit cards has changed the way people bank and shop.

Investment law soon: Myanmar Prez

Business Standard

The bill has passed back and forth between the legislative and executive branches since March in a tussle involving a government eager to attract foreign investment, tycoons determined to protect their monopolies, and small businesses keen not to be ...

'No foreign banks' allowed yet: CBM
Myanmar Times

“At present, the Central Bank of Myanmar hasn't granted permits to any foreign banking services yet. And the Directorate of Investment and Companies Administration had yet to allow company registration, announced the Ministry of Finance and Revenue,” ...

The week of October 14, 2012

LVT eyes Myanmar for cement venture

Bangkok Post

The MAI-listed LV Technology (LVT) will issue 396.69 million new shares to raise funds to invest in a cement business in Myanmar through a unit of the Max Myanmar Group of Companies. LVT is an engineering consulting firm that mainly provides equipment ...

Every carpetbagger has his day
Myanmar Times

Bagan Capital's website says: “Bagan Capital's status as a front-runner in the new Myanmar business environment is the result of … Experienced employees that have been involved in trading and business development activities in the country long before ...

Private companies take up electricity generation offer
Myanmar Times

Myanmar Sugar Development Public Co's spokesperson, U Zaw Min, told The Myanmar Times last week the company, which is located in Sagaing Region's Katha District, was interested in taking part in the project. “This is good for the country and we plan to ...

Capital starved agri businesses need help to compete: rice body
Myanmar Times

Myanmar must invest heavily in its infrastructure and add value to its exports to compete internationally and create access to Western markets, industry sources say. Recent comments by the European Union and United States government that import bans ...

Vital for Myanmar to re-engage with lenders: Brainard

Brainard said U.S. companies were keen to invest in Myanmar, although more work needed to be done by the government to improve the environment for foreign businesses. "They are going to need to work on transparency, governance, on their rule of law, ...

MYANMAR: The new frontier

And yet it's hard to move in Yangon these days without tripping over business delegations. Every week seems to bring a new troupe of global corporates to Myanmar's largest city, each keen to tap into the potential riches of this rejuvenated south-east ...

Manthorpe: Burma and Bangladesh set to begin offshore exploration after ...
Vancouver Sun

The dispute rumbled along for 30 years, but approached a crisis in late 2008 when the South Korean company Daewoo obtained a concession from Burma to explore the waters south of St. Martin's. Burma sent warships to protect the Daewoo exploration ...

EVA Airways Corp. launches flights to Myanmar commercial capital Yangon
China Post

The company also expressed optimism that the new route will cater to foreign travelers, predicting that more than 30 percent of its future clients will be North American passengers flying to Myanmar, also known as Burma, via Taiwan. Subscribe to The ...

Run on deposits gives Myanmar's fledgling banks a fright
Chicago Tribune

"The banks are better regulated and more well-capitalized now than they were 10 years ago... but this will re-emphasize to everyone the importance of doing your homework about potential business partners in Myanmar," he said. "It's absolutely a ...

Thein Sein, Lee firm up energy ties

Mizzima News

But while Burma is eager to attract foreign investment, the country is still struggling to implement a new foreign investment law that will appeal to foreign businesspeople while also accommodating the fears of domestic business sectors that worry ...

SCG's Myanmar plant seeks clarity on law
Bangkok Post

Siam Cement Group (SCG), Thailand's top industrial conglomerate, is waiting for Myanmar to pass its controversial foreign investment law before proceeding with plans to build a cement plant in the neighbouring country. "The proposed Myanmar factory is ...

Suzuki Motor plans return to Myanmar with assembly plant
Asahi Shimbun

Japanese automaker Suzuki Motor Corp. plans to build a factory in Myanmar that will produce 20,000 to 30,000 cars a year and push development of one of the world's largest industrial complexes, sources said. Suzuki is expected to invest several billion ...

The week of October 7, 2012

Tourism, hotel conference planned for February
Mizzima News

Chua Wee Phong, the chairman of Sphere Conferences of Singapore, offered to provide expertise and financial services through Singapore businesses to Burma, saying that foreign investors are especially interested in the hotel and tourism industries.

Event organizer UBM Asia concentrating more on Asean

The Nation

UBM Asia, the world's leading event organiser, is keying in on Asean countries, especially Indonesia, Thailand and Myanmar, to grow its business amid higher demand from Western countries eager to penetrate the Asean Economic Community. "Asean is one ...

Asialink - Launch of the Australia Myanmar Business Taskforce

Event Name, Launch of the Australia Myanmar Business Taskforce. Start Date, 8th Oct 2012 9:30am. End Date, 8th Oct 2012 11:00am. Duration, 1 hour and 30

Myanmar to launch ICT business matching event in Yangon - China

YANGON, Oct. 8 (Xinhua) -- Myanmar will launch international business matching event related to information and communication technology (ICT) at Chatrium ...

Axiata among those in Myanmar telecom race

The Star Online

One area of business that holds vast potential is its telecoms market, labelled as the last greenfield telecoms turf in Asia. It is no surprise that international telecom firms have been vying for a piece of Myanmar's market and Malaysia's Axiata Group ...

Open for business?
Financial Times

Tony Picon, a research analyst at commercial real estate agency Colliers International, isn't just optimistic about Myanmar's property market. “I'm bullish to the point of being scared,” he says. Since Hillary Clinton's visit to the country late last ...

Burma to allow private entrepreneurs to generate electricity
Mizzima News

According to the ministry, the number of electrical power users and state-owned and private factories and businesses require around 1,890 megawatts compared to an actual supply of around 1,500 mw.

Myanmar Holds Promise For General Electric As US Eases Trade Sanctions


In June, General Electric became the first U.S. company to conclude a deal in Myanmar, just days after President Obama lifted an investment ban. Under a U.S. license, GE is supplying medical equipments to private hospitals via a local distributor in ...

Burma Calls for Partners to Upgrade Airports
The Irrawaddy News Magazine

Recently, several international airlines have announced their intention to launch or resume flights to Burma with tourist demand highest in Rangoon, Mandalay and the historical site of Bagan. Business travelers and diplomats will also ensure traffic to ...

Nestlé: Nescafé for Myanmar
Financial Times (blog)

But now the sanctions are ending, Nestlé is probably preparing a comeback following its classic recipe, says Rudolf Gildemeister, a Hong Kong based investor, and one of Nestlé's Myanmar business development managers in the 1990s. “First, they need to ...

Direction requested on Dawei
Bangkok Post

Mr Pansak said the leaders of Thailand and Myanmar have agreed on a special-purpose vehicle (SPV) company to manage the project. He acknowledged the Thai government may be called upon to financially support infrastructure projects at Dawei.

The week of September 30, 2012

Myanmar's Jade Millionaires Fuel Property Surge


“Attempts to protect the little guy through rules, regulations, legislation usually just end up in rampant corruption and no protection at all,” Sean Turnell, an associate professor who researches Myanmar's economy at Macquarie University in Sydney ...

Four more special industrial zones set for Burma

Mizzima News

Under the agreement, Japan's Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation will obtain a 49 per cent share to run the 2,400-hectare Thilawa SEZ, and Burmese entrepreneurs in the form of a public company will hold a 56 percent ...

SPECIAL REPORT - How Japan Inc stole a march in Myanmar
Reuters India

In reconstructing how Japanese government and business leaders moved from cautious re-engagement with Myanmar to a gold-rush embrace over the past year, Reuters spoke to more than 50 officials, executives and politicians involved in the effort on both ...

Burma gets its first investment bank
Associated Press

This places him in sparse company. While many chatter about the economic potential of one of the world's last frontier markets, very few foreigners have actually set up shop. The first thing Ali had to do was explain to people in Burma, including some ...

Myanmar still a high-risk investment

Asia Times Online

Big multinational corporations, including Coca-Cola, Ford Motor Company and General Electric, have expressed initial interest in Myanmar, a market American companies were until recently banned from entering due to US government imposed economic ...

The Cost to Burma of a Stalled Investment Law

The Irrawaddy News Magazine

Burma is desperate to show foreign investors that it is open for business. (PHOTO: THE IRRAWADDY). Foreign company executives are being invited to take part in an investment “summit” in Rangoon this month despite the continued absence of the ...

USAID readies for business in Burma

Mizzima News

The United States Agency for International Development (USAID) mission in Rangoon wants to start projects in Burma “as quickly as possible,” said local USAID director Chris Milligan. Chris Milligan delivers remarks following his swearing-in as mission ...

Visa edges closer to re-entering Myanmar
Myanmar Times

A customer uses a point of sale keypad during the Myanmar Payment Union launch in Yangon in mid-September. Thiri Lu / The Myanmar Times. The global payments technology company Visa has further detailed its plans for re-entering the Myanmar market...

No quick exports boom for Myanmar despite US move

Channel News Asia

"It would be great to have good business so the female workers can have a safe life here," she said as the huge strip-lit factory floor rang with the clatter of sewing machines assembling jackets and trousers for Japanese and Korean buyers. "They work ...

Myanmar is ripe for growth, but hazards await the unwary
The Independent

Not since Deng Xiaoping used the words "get rich" and "glorious" in the same sentence has Asia offered such a juicy business opportunity as Myanmar (as the world is slowly adjusting to calling Burma) presents today. For the first time in half a century ...

Myanmar buys CT scan machines as reforms encompass health care
Washington Post

YANGON, Myanmar — Myanmar has contracted to buy more than two dozen CT scan machines as an increased budget and easing of Western sanctions allows it to upgrade its ailing public health system. The local agent for General Electric's health care ...

The week of September 23, 2012

Myanmar Boom hits Japanese Business sectors

The Nation

Kudo, a Myanmar specialist at JETRO's Tokyo headquarters, said that Japanese accounted for about 50 per cent of all foreign business missions to the country this year, also called Burma. Japanese investments in Myanmar, a former pariah state in...

Tokyo meeting to pledge $1 billion for Myanmar: Report

Economic Times

Japanese business daily Nikkei said international bodies were readying the ground for the large-scale resumption of aid loans ahead of a meeting on the sidelines of the IMF in Tokyo early next month. The World Bank, the IMF and the Asian Development ...

Clinton says US will east import ban on Burma Goods

BBC News

Secretary of State Hillary Clinton says the US will ease its import ban on goods from Burma, a key part of remaining US sanctions

Canada establishes trade links with Myanmar

Vancouver Sun

Recent democratic reforms prompt federal government to seek closer ties with resource-rich southeast Asian nation

Dismantling a dictatorship Burmese style

Mizzima News

Following Suu Kyi's election to Parliament, the US and western countries began lifting sanctions, and businesses started to talk about returning to Burma. The World Bank and a consortium of funding agencies pledged development aid, and the list goes on.

Indonesia Urged to Invest in Myanmar

Jakarta Globe

A senior Indonesian politician has called on government and business leaders to begin tapping economic and business opportunities in Myanmar following the lifting of sanctions by the United States on the Southeast Asian country. Theo L. Sambuaga

Honey producers look to value adding in search of higher profits

Myanmar Times

Exporters send only raw honey abroad and miss out on the possible profits from adding value, which would also create jobs. Instead, foreign companies reap these benefits, said U Htun Wai, chairman of Mandalay Shweyi Company. “Myanmar's honey is ...

Thai trade show set for Burma
Mizzima News

Jointly organized by World Trade Products Company and Tun Myanmar International Company, more than 100 booths will display Thai-made products related to children products, health and beauty, food and beverages, household, footwear and steel.

SMEs urged to enter Myanmar market
The Star Online

“Thus, SMEs have better chances to be present in Myanmar now as compared to MNCs because smaller businesses are more agile and able to operate in a slightly more uncertain environment,” he told StarBiz on the sideline after his presentation entitled ...

GE Capital Aviation Services To Lease Two Embraer E190s to Myanma Airways

This is another example of our strategy to build our business in emerging markets,” he added. With this contract, Myanmar becomes the 76th country where GECAS leases aircraft. Myanma Airways Managing Director Than Tun added: “We are delighted to ...

Thein Sein to push US to end sanctions
ABC Online

It is also of strategic importance to Washington in terms of its geographical location, business potential and its decades-old alliance with China. Sanctions on Burma allowed China to command huge influence there and experts say closer US engagement ...

ADB releases draft documents for Burma's development
Mizzima News

The interim strategy, as summarized in the consultation drafts, is based on the bank's research as well as consultations with the country's government, development partners, civil society, and the business community during the period June to August 2012.

Myanmar, Japan to hold joint meeting on business cooperation this month

22 (Xinhua) -- Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Japanese Chambers of Commerce and Industry (JCCI) will organize the 9th Joint Meeting of Myanmar-Japan CCI Business Cooperation Committee at ...

Law Firms See Potential, Peril in Myanmar
The National Law Journal

Who to deal with in Myanmar will also be a tough call for potential foreign investors. U.S. sanctions still apply to Myanmar's military and businesses owned by it. Moreover, many local tycoons who became wealthy through cooperation with the junta are ...

The week of September 16, 2012

Burma Seeks Partners to Develop Mandalay Airport

The Irrawaddy News Magazine
Burma's government is seeking private-sector partners to upgrade Mandalay International Airport into a logistics center, according to a report by Dow Jones. The project will involve improving and expanding the airport's terminal building and other ...

Myanmar's Latest Telecoms Reforms Unlock New Opportunities for Multinational & Regional Firms
PR web

This briefing is followed by the 2nd New Myanmar Investment Summit on 17-18 October, and a Post-Conference workshop on “Business Contracts in Myanmar”.

Help us Build a new Myanmar
Myanmar Times

“Please assist us by helping to promote our trade and industry by facilitating investment, by exposing us to world-class business practices, please assist in training our young businessman and entrepreneurs to grow with you and assist us to regain our…

Boom Days in Burma – Newsweek and the daily beast

They—foreign investors, that is—are coming to Burma, and fast. In the lobbies of Rangoon's few business hotels, Western investors in suits are gathering with ...

The week of September 9, 2012

Myanmar to open insurance sectors to foreigners in 2015
Chicago Tribune

NAYPYITAW (Reuters) - Myanmar will allow foreign investors into its insurance sector by around 2015 once local private insurers have had time to establish themselves, a senior government official told Reuters. "We need to give these local companies a ...

Debit cards make debut in Burma

Sky News Australia

The Myanmar Payment Union (MPU) allows holders of the cards with 17 local banks to pay for goods at about a dozen businesses signed up to the scheme in Rangoon, Mandalay and Naypyidaw. Decades of junta rule left Burma with a rudimentary banking…

Contractor Shimizu to open Myanmar office
Daily Yomiuri online

The company expects to win orders for road and other infrastructure development projects and office, hotel and plant construction, as more and more Japanese firms are expected to advance into Myanmar in line with economic growth there following ...

Burma: Doing it the hard way
The New Zealand Herald

The hotels are full or eye-wateringly expensive, creased dollar bills are rejected and credit cards are widely refused - welcome to Myanmar, Asia's next big tourist destination.

Insight: Disconnected for decades, Myanmar poised for telecoms boom

Chichago Tribune

YANGON (Reuters) - Blackberrys and iPhones aren't much use in Myanmar, where its only network is frequently jammed, data services are scarce, prices extortionate, lines crackly and most phones don't roam. For decades, its telecoms industry has been a ...

Western Union to Launch International Money Transfer Services in Myanmar

Herald online
Western Union poised to expand Agent presence and link its global network to Myanmar…

One Down, Two to Go: Coca-Cola Returns to Myanmar after 60 Years

AdAge Global
Coca-Cola has officially re-entered the Myanmar market, with top executive Muhtar Kent overseeing the first delivery of his company's product in more than 60 years.

Also known as Burma, Myanmar was largely shut off from the rest of the world for decades under the rule of a repressive military regime.

The week of July 22, 2012

Washington — The United States is easing economic sanctions on Burma

State Department
Washington — The United States is easing economic sanctions on Burma, encouraging American investment in the country as it continues to tackle tough political reforms, according to Under Secretary of State Robert Hormats


  Notice to Visitors!

  The link you have chosen will take you to a non-U.S. Government website.

  If the page does not appear in 5 seconds, please click this: outside web site

  Export.gov is managed by the International Trade Administration and external links are covered by its website  disclaimer statement.

  Notice to Visitors!

  The link you have chosen will take you to a non-U.S. Government website.

  If the page does not appear in 5 seconds, please click this: outside web site

  BuyUSA.gov is managed by the International Trade Administration and external links are covered by its website disclaimer statement.