• Burmese
Friday, June 13, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
27 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

The Irrawaddy Business Roundup (December 10)

Kyaw Hsu Mon by Kyaw Hsu Mon
December 10, 2016
in Business
Reading Time: 4 mins read
0 0
A A
A fisherman paddles his boat with one leg on Inle lake, September 4, 2015. / Soe Zeya Tun / Reuters

A fisherman paddles his boat with one leg on Inle lake, September 4, 2015. / Soe Zeya Tun / Reuters

9.7k
VIEWS
Share on FacebookShare on Twitter

Business Chiefs Optimistic, But Urge More Policy Clarity

A survey of almost two hundred senior executives from companies of different sizes during August and September indicated that most were positive about the business outlook for growth and expansion, but caveats remain.

Executives from a wide range of sectors were surveyed, including telecommunications, media, technology, construction, real estate, utilities, chemicals, retail, banking, and tourism.

RelatedPosts

March Quake to Drive 2.5% Drop in Myanmar GDP, Says World Bank

March Quake to Drive 2.5% Drop in Myanmar GDP, Says World Bank

June 13, 2025
79
Chameleon Crony: How Myanmar’s ‘Baby’ Tycoon Thrived Across Four Eras

Chameleon Crony: How Myanmar’s ‘Baby’ Tycoon Thrived Across Four Eras

June 10, 2025
3.7k
The Hidden Fallout From China’s Cross-Border Crime Crackdown in Myanmar

The Hidden Fallout From China’s Cross-Border Crime Crackdown in Myanmar

June 9, 2025
1.4k

Almost 80 percent of respondents cited Burma’s status as a frontier market with a large and growing population as a top reason for investing in the country. A total of 66 percent felt that the government’s commitment to reform was a key reason to enter the market, the Myanmar Business Confidence Survey by Roland Berger says.

Almost three-quarters of respondents felt that the overall business landscape would get better and 92 percent expected to expand their operations within a year.

‘‘Success in Myanmar is a matter of commitment and patience,’’ Roland Berger said. The firm pointed out that 70 percent of firms operating in the country for more than five years were satisfied with their performance, while only 50 percent of firms that have been in the country for less than five years were satisfied with how they were faring.

Challenges identified by respondents included labor issues, notably a lack of skilled workers, and, especially, a lack of legislative certainty.

‘‘While there is broad acknowledgement that important actions such as the new investment law have been taken, the business community is missing a program that is broad enough to cover the major parts of the economy, specific enough to build business and investment plans on, and quick enough to take advantage of the goodwill created by the change in government and lifting of sanctions, before it evaporates,’’ the report said.

‘‘These obstacles indicate the need for comprehensive public sector reform. Despite ongoing initiatives, meaningful improvements to public services will be inevitably challenging, reflecting the urgent need for swift implementation and quick wins,’’ said Thomas Klotz, Managing Partner of Roland Berger South-East Asia.

Car Assembly Plants Well Underway

Ford, Nissan, and Lisan auto manufacturers are progressing with assembly units in Burma and gearing up for sales, according to a report in DealStreetAsia.

It quoted Dr. Soe Tun, chairman of Myanmar Automobile Manufacturers and Distributors Association as saying that Japan’s Nissan, which has an assembly plant in Hlaing Tharyar, could be ready to sell cars by February 2017.

The US-based Ford company was planning to sell vehicles by June and Chinese manufacturer Lisan would also be ready to sell cars during next year, he said.

Aertel to Boost Connectivity in Burma

Indian’s largest mobile phone operator Bharti Aertel will invest in an international fiber optic cable link between India and Burma in order to tap into Burma’s rising demand for high-speed data services for the business and consumer markets, the Economic Times reported.

The company is investing an undisclosed sum in a 6,500-km route terrestrial fiber-optic cable link to boost internet speeds in Burma, the media outlet report. The link will be connected to Airtel’s landing stations in Chennai and Mumbai.

Aertel failed to win a mobile services license in Burma in 2013 when the previous government awarded permits to Norway’s Telenor, Qatar’s Ooredoo and state-owned Myanmar Posts & Telecommunications (MPT). The Burma government was due to award a fourth mobile operator license earlier this year but the process has been delayed. Airtel did not comment on whether it had entered a fresh application in the latest bidding round, the report said.

Inle Lake Zone to Charge in Dollars

Entrance fees to the hotel zone in Inle Lake will be collected in US dollars instead of kyat starting on December 10, according to a travel website quoting local sources.

The current entrance fee of 12,500 kyat will change to US$10 according to the Myo Group which is responsible for collecting the fee, it reported.

The move follows the recent decline in the value of kyat, U Zaw Htay Aung of the Myanmar Tourism Association said in the Global New Light of Myanmar newspaper.

The move is likely to inconvenience travelers who are not carrying dollars, the report added.

Vietnam Govt Upbeat on Burma Investment

The government of Vietnam will encourage investment in Burma by Vietnamese businesses, the country’s president Trần Đại Quang pledged this week.

Investments in agriculture, fish farms, mining and the tourism industry would especially be encouraged, the president told the Burmese Minister of Home Affairs U Kyaw Swe during the minister’s visit to Hanoi, Viet Nam News reported.

President Trần Dai Quang said that cooperation between the two countries had progressed, especially in priority areas including agriculture, industrial tree plantation, aquaculture, finance and banking, telecoms, and oil and gas.

Minister Kyaw Swe expressed admiration for Việt Nam’s development achievements and highlighted a determination to enhance ties between the Ministry of Home Affairs and Việt Nam’s Ministry of Public Security. He said that Burma would create optimal conditions for Vietnamese investors and do its utmost to protect their legitimate rights, the report said.

Entrepreneurs to Attend Networking Event in South Africa

A group of Burmese entrepreneurs will travel to South Africa and Kenya next year to gain business insights and network with business persons from around the globe and in the two African countries.

The trip scheduled for March will include attendance at the Global Entrepreneurship Congress 2017 from March 13-16 in Johannesburg, South Africa.

The congress gathers together thousands of entrepreneurs, investors, researchers, policymakers from more than 160 countries to identify new ways of helping founders start and build up new ventures. The tour will also include a trip to the Kenyan capital Nairobi which is recognized as a dynamic entrepreneurship hub along with Johannesburg.

The study tour is being organized by a local branch of the US-based Global Entrepreneurship Network (GEN).

Your Thoughts …
Tags: EconomyInvestmentTechnologyTrade
Kyaw Hsu Mon

Kyaw Hsu Mon

The Irrawaddy

Similar Picks:

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses
Business

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

by The Irrawaddy
November 27, 2023
38.5k

Jin San Jiao is latest northern Shan State trade hub in crosshairs of ethnic Brotherhood Alliance.

Read moreDetails
General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption
Burma

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

by The Irrawaddy
September 14, 2023
28.7k

The arrest of ‘kickback king’ Lt-Gen Moe Myint Tun, once seen as a possible successor to Min Aung Hlaing, comes...

Read moreDetails
Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes
Business

Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes

by The Irrawaddy
June 4, 2024
27.6k

Monday’s arrests follow reports that Myanmar has become one of Thailand’s most lucrative markets for selling condos since the 2021...

Read moreDetails
Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray
Analysis

Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray

by Hein Htoo Zan
June 4, 2024
14.8k

Arrests, corruption, false receipts—the crisis in the gold and currency markets bears all the hallmarks of the junta’s inability to...

Read moreDetails
Power-Drunk Junta Tries Selling Myanmar Beer at Gunpoint
Business

Power-Drunk Junta Tries Selling Myanmar Beer at Gunpoint

by Hein Htoo Zan
September 14, 2023
13.8k

Consumer boycott enters new phase as generals launch armed counter-offensive at shops and pubs in Yangon.

Read moreDetails
Indian Blockade Isolates Myanmar’s Rakhine, Pressures Arakan Army to Leave Chin State
Burma

Indian Blockade Isolates Myanmar’s Rakhine, Pressures Arakan Army to Leave Chin State

by The Irrawaddy
June 28, 2024
13.3k

An ethnic Chin group on India’s border has cut off the last major supply route to Rakhine and issued an...

Read moreDetails
Load More
Next Post
Dateline Irrawaddy: ‘The Govt Should Give the Media Unrestricted Access’

Dateline Irrawaddy: ‘The Govt Should Give the Media Unrestricted Access’

 The book cover of  “Finding George Orwell in Burma” by Emma Larkin, published in 2006. / Amazon

Burma Town Wants the Secret Out: George Orwell Slept Here 

No Result
View All Result

Recommended

The Hidden Fallout From China’s Cross-Border Crime Crackdown in Myanmar

The Hidden Fallout From China’s Cross-Border Crime Crackdown in Myanmar

4 days ago
1.4k
How the Myanmar Military’s Propaganda Efforts Have Evolved Over the Decades

How the Myanmar Military’s Propaganda Efforts Have Evolved Over the Decades

2 days ago
918

Most Read

  • Civilians in Need as Arakan Army Advances on Kyaukphyu

    Civilians in Need as Arakan Army Advances on Kyaukphyu

    shares
    Share 0 Tweet 0
  • Myanmar Junta Advances into Karenni State

    shares
    Share 0 Tweet 0
  • Myanmar Jade Hub Burns as Junta Counteroffensive Penetrates Hpakant

    shares
    Share 0 Tweet 0
  • China Defends Myanmar Junta on Human Rights at UN

    shares
    Share 0 Tweet 0
  • High-Level Ministerial Meeting Held to Speed Up Preparations for Myanmar Junta’s Election

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.