The Irrawaddy Business Roundup (Aug 27)

Domestic terminal nears completion; 4G rollout complete; Concerns over inflation; Burmese coffee enters US; China boosts foreign aid.

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Bagan Tourist Interest Bumps After Quake

Damage to almost 200 historic pagodas and temples in Bagan after the earthquake is not dampening tourist interest, with tour operators even reporting a bump.

Myanmar Citizens Bank Announces Share Prices on Yangon Stock Exchange

The YSX announced on Thursday that the base price for MCB shares would be 6,800 kyats.

For the second time this year, National League for Democracy spokesperson U Win Htein lashes out at a reporter, calling him sauk yū [“deranged”].

The Central Bank publishes an inflation rate of 12.14 percent, surpassing the predictions of the World Bank and leading to fears of an upward spiral.

New payment cards, more Mandalay-Bangkok flights, jade mining suspensions, deals signed with China, and a projected drop in tin ore production.

Govt to Step Up Action Against Illegal Border Trade

New checkpoints are to open along known smuggling routes, after the disbandment of task forces in December was blamed for an increase in smuggling.

New SEZ Management Committees Formed

President Htin Kyaw forms the new Special Economic Zone Central Management Committee and Central Working Committee, made up of government officials.

MPs opt out of discussing a Union Solidarity and Development Party member’s proposal related to a review of US sanctions.

Myanmar Citizens Bank to Begin Trading on Yangon Stock Exchange

The bank, in which the Ministry of Commerce holds a minority stake, is scheduled to begin trading on the Yangon Stock Exchange on Aug. 26.

UMFCCI hosts arbitration workshops; responsible business initiative submits UN report; World Bank provides a US$100 million loan; DICA proposes legislation to attract foreign investors; Rangoon food delivery service expands.

Parliament Appoints New Member to Central Bank’s Board of Directors

The Union Parliament appoints Bo Bo Nge, a member of the National League for Democracy’s economic committee, to the board of directors of the Central Bank of Myanmar.

Burmese Pokémon Chasers Intrude on Religious Sites

The avid pursuit of virtual creatures via mobile phone screens is bringing urban Pokémon chasers into the compounds of various places of worship.

Burma’s total trade volume dips during the term of the new government since April, with plans to boost exports meeting strong economic headwinds.

Central Bank to Appoint New Member

A member of the National League for Democracy’s economic committee is put forward for the board of directors of the Central Bank of Myanmar.

A World Bank Loan worth US$100 million aims to cover a state deficit by separating salaries from the budget.

Preparations are being made to support farmers with seeds and fertilizers, and to monitor water levels, after paddy fields become inundated.

The Irrawaddy Business Roundup (August 6, 2016)

Burma one of the top destinations eyed by US companies for expansion; new bank to trade on the Yangon Stock Exchange; India seeks increase imports of pulses from Burma’s crop.

Burma’s investment commission invites proposals for new hotel projects in the Myeik Archipelago, which will be assessed for environmental friendliness.

The Myanmar Investment Commission approves significantly fewer investment proposals than they did during the same period in 2015.

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