Local conglomerate buys hotel from Singapore’s Keppel Land for US$41 million and says it will be managed by Hilton.
06 The News For 6 December 2016
‘Government officials listened to our problems, and they said they would try to solve them.’ says Dr. Maung Maung Lay.
Japan expands portion of Thilawa Zone, Filipino agribusiness looks to invest in Burma, Burma-Singapore ties to increase, and Bagan earthquake relief.
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.
‘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.
Government minister says at least 50 large trucks are stuck inside the Muse 105-mile trade zone due to clashes between Burma Army and ethnic armed groups.
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.
Government Plans Monthly Meetings to Respond to Business Leaders
The Irrawaddy Business Roundup (November 3)
Government Eases Trade Restrictions
Jade Sales Drop Significantly
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
Thai King Appoints New Members to Royal Council
Muslim Coalition Objects to Malaysia’s Rally to Support Rohingya
Mun Awng Releases New Album
By Accident or Design, Trump Signals Tougher China Policy