Japan expands portion of Thilawa Zone, Filipino agribusiness looks to invest in Burma, Burma-Singapore ties to increase, and Bagan earthquake relief.
05 The News For 5 December 2016
A plan is announced to boost trade for joint ventures between local business people and foreign investors.
‘This plan will encourage people to save money regularly and at a higher interest rate,’ says U Soe Tin Maung Zaw, the bank’s general manager.
Jade sales are expected to drop significantly at the latest gems emporium in Naypyidaw, due to lower quality jade lots and fewer traders.
Leaps in earnings of garment industry, forthcoming gaming platform, cyberattacks hit Burma, and KFC coming to Mandalay and Shan State.
With the border trade gate between Maungdaw and Teknaf closed, merchants find themselves unable to sell their goods.
The KBZ Group of Companies is the first of four businesses to be studied in connection with the research initiative.
‘We’re afraid to start work these days, because the dollar exchange rate is rising incredibly,’ says U Myo Min Aung of Myanmar Retailer Association.
Selling a well-known Rangoon bar, more construction in Burma’s commercial capital, investments from Malaysia, and another telecoms firm.
The US dollar exchange rate—at its highest since the new government came to power—has Burma’s business community looking for better trade policy.
By the end of a recent day’s trading just 7,221 shares were traded, compared with nearly 839 million the same day on the New York Stock Exchange.
Turkey-based Karpower looks to sail its 480 megawatt-capacity power barge from Istanbul to the commercial capital of Rangoon in April.
Thai companies to invest in SEZ; Taiwanese bank opens Rangoon office; Bangladesh to propose trade agreement; Karenni State eyed for tourism.
China plans to construct an industrial zone, refinery and deep-sea port in Kyaukphyu, but locals fear they won’t be fairly compensated for their land.
Government Eases Trade Restrictions
Jade Sales Drop Significantly
The Irrawaddy Business Roundup (November 26)
Trade Between Maungdaw and Bangladesh Halted
KBZ Bank Launches New High-Interest Account to Attract Savers
Businesses Call for Government Action over Rising Currency Rate
World’s Youngest Stock Market Struggles in Burma
Wave Money to Expand Network
Ethnic Armed Groups Withdraw from Mong Ko to Protect Civilians
Locals Protest Kofi Annan’s Maungdaw Visit
Burma’s President’s Office Expresses Disappointment with Malaysian Leader
Malaysian PM leads protest against 'genocide' in Arakan