Rangoon Parliament Resumes After Long Recess

The Rangoon divisional Parliament begins its second session on Thursday after a three and a half month break.

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A meeting between Burma’s business community and State Counselor Daw Aung San Suu Kyi is postponed following her trip to the United States and reports of fatigue.

The Irrawaddy Business Roundup (Sept 23)

State Counselor briefs business community; Thai investment; reforms required in banking sector; Shinhan Bank opens branch; IFC doubles investment portfolio

While some expect rapid growth in Burma’s market for property development, many are still waiting to see results.

The American Chamber of Commerce Myanmar surveys businesses in order to give annual awards recognizing corporate social responsibility.

Nearly 750,000 foreign nationals arrived in Burma through air and sea ports during the first seven months of 2016, says the Ministry of Hotels and Tourism.

UMFCCI Elects New President, Executive Committee

Burma’s UMFCCI elects new President and committee members amid high expectations of change from industry observers.

U Ye Htut is appointed as an auxiliary member of the once-ruling Union Solidarity and Development Party without his prior knowledge.

The Irrawaddy Business Roundup (Sept 17)

US sanctions; UMFCCI elections; Singapore business delegation visits Burma; Jade prospectors in conflict; Yoma signs JCB distribution deal

US Dollar Price Increases Due to Demand from Importers

Both the Central Bank and black market US dollar exchange rate has increased this week due to high demand from importers.

Industry Leaders Enthused by Reinstatement of US Trade Benefits for Burma

The planned re-admission of Burma to the Generalized System of Preferences in the United States has prompted joy in business circles.

Businesspeople hope State Counselor Daw Aung San Suu Kyi’s trip to the US will result in the lifting of economic restrictions.

YCDC Performs Final Check on 55 High-Rise Buildings

Rangoon’s high-rise review committee approves the design of 43 buildings and recommends changes be made to the plans of 12 projects. 

The Irrawaddy Business Roundup (Sept 10)

Motorbike loans rev up; Dawei committees revive; China trade picks up; Junction City investment increases; Burmese chefs shine.

Jade Companies Threaten to Sue Trespassing Prospectors

In an announcement made in a state-run newspaper, jade mining companies in upper Burma threaten to sue jade prospectors taking small stones from their operational areas.

Gold Prices Again Reach Record High

Both Burma’s recent gold prices and the US dollar exchange rate have recently risen, with industry observers predicting a continued increase.

IFC Loans US$10M to Local Agribusiness

The International Finance Corporation supports local agribusiness with a US$10 million convertible loan to the Myanma Awba Group.

The former information minister speaks to The Irrawaddy about his past experiences in government and views on the current administration.

Samsung Myanmar Recalls Note 7 Smart Phone

Samsung cancels the launch of the Note 7 in Burma and offers recipients of pre-ordered devices their money back or a replacement in October.

Burma and India to Advance Trade

The Indo Myanmar Chamber of Commerce Industries and the Burmese government agree to promote cross-border trade and development of Burma’s agricultural sector.

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