• Burmese
Tuesday, June 24, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
26 °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 24)

Kyaw Hsu Mon by Kyaw Hsu Mon
December 24, 2016
in Business
Reading Time: 3 mins read
0 0
A A
Workers are seen among the containers at Asia World port in Rangoon July 2, 2014. / Soe Zeya Tun / Reuters

Workers are seen among the containers at Asia World port in Rangoon July 2, 2014. / Soe Zeya Tun / Reuters

11.6k
VIEWS
Share on FacebookShare on Twitter

Burma Targets US$6 Billion FDI for Current Fiscal Year

Burma expects to reach $6 billion of foreign direct investment (FDI) in the fiscal year ending Mar. 31, 2017 despite FDI reaching just $3.65 billion through Dec.16, according to government body the Myanmar Investment Commission (MIC).

Director-general of the Directorate of Investment and Company Administration (DICA) and secretary of the MIC U Aung Naing Oo said Burma would enjoy an FDI influx even though this year’s FDI inflow is $1.3 billion less than that of last year.

RelatedPosts

Karenni Resistance Leaders Vow to Crack Down on Price Gouging as Fuel Crisis Deepens

Karenni Resistance Leaders Vow to Crack Down on Price Gouging as Fuel Crisis Deepens

June 20, 2025
465
Trade and Traffic from Thai Border Region Dwindle as Checkpoints Multiply

Trade and Traffic from Thai Border Region Dwindle as Checkpoints Multiply

June 19, 2025
1.3k
China’s Bet on Myanmar Junta Risks Backfiring

China’s Bet on Myanmar Junta Risks Backfiring

June 17, 2025
1.8k

“We are now reviewing 52 proposals worth nearly $3 billion, and may receive more proposals in the months to come. So, we are very likely to surpass the target,” U Aung Naing Oo said.
Singapore tops the list of foreign investors in Myanmar, followed by mainland China, Hong Kong, Thailand, and Japan.

World Bank to Support Reform of Burma’s Financial Services

The World Bank approved a $100 million loan this week to improve access to financial services for families and small and medium sized businesses.

Dubbed Myanmar’s Financial Sector Development Project, the loan aims to create a stable financial sector by reforming access to loans and financial products across the country and developing Burma’s nascent microfinance and insurance sectors.

“As Myanmar implements the Financial Sector Development Project, people in communities across the country will gain access to basic financial services and small loans,” said World Bank Country Director for Southeast Asia Ulrich Zachau in the statement.

Farmers, small businesses and low-income households will benefit from this support—improved access to credit will mean more jobs and higher incomes, he added.

“The project will help increase access to finance for households and small and medium-sized enterprises by reforming state-owned banks,” said U Maung Maung Win, Deputy Minister for Planning and Finance.

He added, “these reforms are expected to extend the range of basic financial products and services to underserved areas and populations.”

The credit will come from the International Development Association (IDA). The terms for the IDA credit include a maturity of 38 years, with a grace period of six years and a zero percent interest rate.

Mitsubishi Corp in Joint Venture with Local Construction Equipment Rental Company

Japanese trading corporation Mitsubishi Corp will work with Burma’s leading heavy machinery distributor Myanmar Kaido Co to capitalize on the country’s rampant infrastructure development by renting construction vehicles and equipment.

The new venture Diamond Rental Myanmar Co is 50 percent owned by Mitsubishi, 30 percent by Myanmar Kaido and by 20 percent by Mitsubishi subsidiary Nikken Corp.

At an opening ceremony earlier this month Rangoon Chief Minister U Phyo Min Thein said the partnership will benefit Rangoon’s urban development projects drafted by the Japan International Cooperation Agency.

“The capacity of heavy machinery will play a major role when we implement the urban development projects in the city,” the chief minister said.

The three companies have collaborated in rental businesses in Burma since 2013.

Honda Opens After-Sales Outlet in Rangoon

Japanese automobile manufacturer Honda Motor Company begun its after-sales business in Burma this week and opened an authorized outlet in Rangoon with new business partner Eastern Nova.

The joint venture comprises three groups: Eastern Nova, Honda Motor, and Honda’s regional headquarter for the Asia and Oceania Region Asian Honda Motor.

“Myanmar has been experiencing a very encouraging economy growth of around 8 percent in recent years, and it is regarded as one of the important markets with high potentials to grow in Asia with the population of 50 million,” Honda said in a statement.

Sales of new vehicles have been permitted since 2011 in Burma and Honda estimated that 42,000 Honda cars have been registered in the country.

Malaysia Manufacturing to See Labor Shortage After Burma Stops Sending Workers

Malaysia’s manufacturing sector will face a labor shortage after Burma’s government temporarily halted Burmese migrant workers going to Malaysia after a diplomatic row, the Federation of Malaysian Manufacturers (FMM) said.

Malaysian industries employed 100,349 Burmese workers as of June this year and were already facing labor shortage, said the home ministry, urging measures to counteract the loss in labor.

Burma’s Ministry of Labor, Immigration and Population announced earlier this month that overseas employment agencies would suspend sending Burmese workers to Malaysia because of protests led by Malaysian Prime Minister Najib Razak in Kuala Lumpur in support of the Rohingya .

“Myanmar has temporarily stopped sending workers to Malaysia from Dec. 6 because of the current situation in Malaysia,” it said in a statement.

Myanmar Overseas Employment Agencies Federation’s (MOEAF) central executive committee member U Myat Thu reportedly said that Malaysian companies would face “difficulties” following the suspension.

According to MOEAF data there are an estimated 500,000 to 700,000 Burmese workers living in Malaysia, most of them without legal documents, and about 3,000 Burmese workers a month were being sent to Malaysia.

Your Thoughts …
Tags: AutomobilesEconomyForeign Direct InvestmentImportsInvestmentLoansMalaysiaMigrant WorkersRangoonTradeWorld Bank
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
27.7k

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
Overseas Employment Suspended as Myanmar Junta Activates Military Conscription
Burma

Overseas Employment Suspended as Myanmar Junta Activates Military Conscription

by The Irrawaddy
February 15, 2024
14.7k

Labor Ministry is apparently seeking to slam exit door on 14 million young people eligible for compulsory military service.

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
Load More
Next Post
NLD lawmakers enter the Parliament.

This Week in Parliament (Dec. 19-21)

Farmers walk in their farm outside Yebu village in Shwenyaung township, Shan State. / Wa Lone / Reuters

Court Verdicts Show State Counselor’s Battle on Land Disputes

No Result
View All Result

Recommended

China is Systematically Dismantling Tibetan Monastic Traditions

China is Systematically Dismantling Tibetan Monastic Traditions

1 week ago
1.9k
The Lady Myanmar’s Generals Can’t Defeat

The Lady Myanmar’s Generals Can’t Defeat

5 days ago
802

Most Read

  • Myanmar Junta Moves to Seize Sagaing Roads

    Myanmar Junta Moves to Seize Sagaing Roads

    shares
    Share 0 Tweet 0
  • New Law on Civil Servants by Myanmar’s Parallel Gov’t Troubles Observers

    shares
    Share 0 Tweet 0
  • Myanmar Junta Scrambles for Chinese Energy Investment as Lights Go Out

    shares
    Share 0 Tweet 0
  • Certifying a Chinese Security Invasion; Boosting Ties With Nuclear North Korea; and More

    shares
    Share 0 Tweet 0
  • Myanmar Junta Changes Election Law Ahead of Polls

    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.