Kyat Value Looks Poised to Increase, Observers Say By

Burma’s currency has seen a turnaround in value since the new Parliament convened on Monday, a trend experts say is set to persist.

Industry Observers Call for Investment Body Shake-Up By

Burma’s next government needs to create new policies under reshuffled leadership within the Myanmar Investment Commission, industry observers say.

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Two well-known beers, Tiger and ABC Stout, are returning to their mother company after two decades with military-backed Myanmar Brewery.

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Vigilante drug eradication programs in northern Kachin State sustain momentum, even in the face of threats to several volunteers’ lives last month.

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Young Chinese men are studying drone operation with the hope of landing lucrative pilot jobs in agriculture, film or law enforcement.

Exchange Commission Mulls More Licenses as YSX Preps for Trade By

At least three to four more companies are expected to vie for the newly formed Yangon Stock Exchange (YSX), an industry expert says.

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After months of delays, Burma’s fourth telecoms operator will be revealed in February, a ministry official told The Irrawaddy on Monday.

The Irrawaddy Business Roundup (Jan. 30, 2016) By

A call for reform of Burma’s state-owned firms; conglomerate Asia World divests; foreign companies eye fourth telecoms license, and expand their healthcare presence in Burma.

MPT Targets Over 90% 3G Coverage by End February By

State-owned Myanma Posts and Telecommunications plans to expand its 3G mobile network to cover 90 percent of Burma’s population by the end of next month.

Burma’s Gasoline Retailers Urged to Cut Prices By

With world oil prices sinking, the Myanmar Petroleum Traders Association urges the country’s petroleum retailers to slash prices.

Hopes High for Burma’s Burgeoning Credit Card Industry By

With credit card options proliferating in Burma, many of the country’s private banks are hoping to see more buzz in the months ahead.

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Police and plain-clothed individuals destroy more than 500 houses near an industrial zone in Rangoon’s Mingaladon Township on Tuesday.

Singapore Looks to Bring Burma Closer Through Tourism By

Given the rising number of Burmese travelers to Singapore, the city-state is looking to tourism to strengthen its relationship with the former pariah state.

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Burma’s outgoing Union Parliament approves a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase.

Market Launched in Muse Business Zone By

The Mingalar Market in the Muse Central Economic Zone at the Sino-Burmese border opens, with rental spaces commanding up to 1 billion kyats per unit.

The Irrawaddy Business Roundup (Jan 23, 2016) By

CITIC pledges protections for Kyaukphyu; CSOs question pending EU trade deal; Seoul-backed local think tank launched; Central Bank gets new computer system.

State-Owned Mining Firm Threatens Lawsuit Over Unpaid Debt By

A state-owned mining enterprise warns that it may sue 25 gold mining firms for overdue payments, after the private companies violated profit-sharing agreements.

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Tin Win’s horse-cart has wound through the streets of Kyauktan for decades, but they may soon be overtaken by the rise of motorcycle taxis.

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Burma welcomed 4.68 million tourists in 2015, according to figures from the Ministry of Hotels and Tourism, a 52 percent increase on the previous year.

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Burma’s largest privately owned lender, Kanbawza Bank, is listed as one of the world’s 100 leading companies in 2015 by World Finance, a London-based magazine.

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