Export, Import Licenses to Be Made Available Online By

Export and import licenses will be available online next week, as the Ministry of Commerce eases the licensing process in an effort to bolster exports.

Lacking Documents, Mandalay Squatters Struggle for Low-Cost Housing By

In Mandalay, thousands of squatters without ID cards are left out of the previous government’s housing plan, but the new administration gives little hope.

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Investors advised of new government scrutiny; Rangoon-Mandalay rail upgrade coming; tin “still booming” in Wa region; Thai firm eyes Chevron stake; and Bhutan gets new flight rights.

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A KBZ subsidiary is to launch new, high-speed satellite communications services in Burma, targeting banks and then telecoms operators.

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Hydropower redirect advised; tourism boom to strain infrastructure; local ride-hailing app likely to get cash injection; palm oil moratorium urged; and Burmese coffee heads abroad.

Stock Exchange Sophomore IPO Hits Ceiling By

After only a few hours of trading, the Yangon Stock Exchange’s second public listing soars 25 percent, reaching its daily trading limit.

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Blacklistee Steven Law may gain commercially from the latest changes, even if they make it harder for him to portray himself as an internationally accepted businessman.

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Despite high hopes for lifting sanctions, several top Burmese businessmen are disappointed after remaining on the US Specially Designated Nationals list.

US Eases Sanctions on Burma in Bid to Promote Reforms By

The United States eases some sanctions on Burma to support ongoing political reforms, but maintains most of its economic restrictions.

US to Renew Most Burma Sanctions with Changes to Aid Business By

The United States plans to renew most Burma sanction when they expire next week but will make some changes aimed at boosting investment and trade.

The Irrawaddy Business Roundup (May 14, 2016) By

Sino-Burmese border business pushed; research finds agriculture lagging; ‘small minority’ oppose Letpadaung mine, company claims; and a freeze on land investment is urged.

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Union Minister Ohn Win promises to rein in jade mining projects in Kachin State’s Hpakant region and bar new extraction ventures in the jade-rich area.

Controversial Private Rangoon Hospital Project Scuttled By

Burma’s Parliament responds to public outcry as Singapore-backed private hospital to be built on government land in Rangoon is halted.

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Rangoon’s city planners push for expansion of the commercial capital’s northeast sector, while tender-winners bide their time for southwest development.

Burma’s Kanbawza Bank to Open Rep Office in Thailand By

Kanbawza Bank will become the first Burmese lender to open an office abroad, in a move that could aid remittance flows from migrant workers in Thailand.

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CNN will help local telecommunications company SkyNet launch a 24-hour news channel, after the Burmese firm was implicated in a bribery scandal.

The Irrawaddy Business Roundup (May 7, 2016) By

China-backed regional lender eyes Burma; Singaporean bread arriving in 2017; agricultural sector viewed optimistically; and an airline bungles with unapproved route.

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Locals near the Letpadaung copper mining area in Sagaing Division’s Salingyi Township staged a series of protests as mining resumed on Thursday.

Burma Thirsts for Bottled Water, But Quality Leaves Bad Taste By

Rising demand for purified drinking water in Burma has led to a proliferation of brands, some of which are unlicensed and lacking hygiene standards.

The Irrawaddy Business Roundup (April 30, 2016) By

Domestic aviation sector “unsustainable,” says report; tripling of exports envisaged; new telecoms operator coming together; Telenor sees steady growth; and Americans eye Burmese coffee.

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