Start-ups in Burma vie for business, overcoming financial obstacles and trying to stand out in a rapidly changing country.
16 The News For 16 January 2017
A boost for internet connectivity, a bus assembly plant to start operations, and Yoma gets approval for a major Rangoon development project.
Communications minister says the new company ‘will help advance telecommunication in townships [and] rural mountain towns.’
KBZ bank and Visa announce that they will jointly issue new payment cards, after receiving the green light to do so from Burma’s Central Bank.
Foreign direct investment drops significantly in the 2016-2017 fiscal year, according to the government’s most recent figures.
The Myanmar Gold Entrepreneurs Association plans to open a gold exchange market in Rangoon this year.
Telecoms services expected to grow 4 percent, agriculture sector set for a boost, Assam seeks trade route with Burma, and a tourism promotion event.
Twice as many Singapore vessels providing fuel to Burma as a year ago due to economic growth that could top 8 percent.
Burma’s local community says infrastructure still a turn off for investors, but light manufacturing will see the most growth in 2017.
Burma runs a huge trade deficit of billions of dollars every year and restricting import of unnecessary items would effectively tackle this.
World Bank loans, a construction equipment joint venture, foreign direct investment target, and a halt in Burmese migrant workers to Malaysia.
Japan-backed Thilawa Special Economic Zone in Rangoon has received more than US$900 million in foreign investment since its launch in 2014.
Burma’s KBZ Bank signs a MoU with Thailand’s Kasikorn Bank to introduce remittance services for migrant workers in both countries.
NLD lawmaker suggests the businesses are largely operated by non-nationals and questions whether this is in breach of the law.
The Irrawaddy Business Roundup (January 14)
Visa and KBZ to Produce Kyat-Denominated Credit Cards
FDI Drops From Previous Fiscal Year
The Irrawaddy Business Roundup (January 7)
Gold Exchange Market to Open in 2017
KBZ Bank, Army-Owned Companies are Tops on Highest Taxpayer List
Japanese ANA Airline to Invest in Burma’s Air Industry
Analysts Say 2016 is the Worst Year for Rangoon Construction Sector
Timber Production Stations Become Elephant Camps
Fearing Intensified Fighting, More Than 100 Ta’ang Flee Namhsan
Rangoon Launches New Bus System
Hardline Buddhist Monks Stop Prophet Muhammad’s Birthday Celebration in Prome