Infrastructure Lead Story News Trade
The Thai government is stepping up efforts to boost the Rangoon-Mae Sot trade link by approving a 1.8 billion baht ($53 million) budget to help Burma develop part of its road along the transnational route.
The move would be a boost to the growing trade and tourism business in the area, says the head of Thailand’s Immigration Bureau.
Business Lead Story News Trade
Half of all Burma’s trade flows through the Asia World terminal, owned by blacklisted Steven Law.
Business Lead Story Natural Disasters News Trade
The World Bank’s prediction that the Burmese economy would grow at some 8.2 percent this year has been slashed in the latest ‘Myanmar Economic Report’.
Cross-border trade between Thailand and Burma through the Mae Sot-Myawaddy checkpoint totalled more than 60 billion in the last fiscal year.
Business Lead Story News Trade
Catch up on all this week’s business news from Burma.
Business Lead Story News SEZ Trade
Catch up on the latest in Burmese business, development and finance from this week.
Burma, which has imposed a temporary ban on rice exports after heavy rains and floods hit the northern and western regions of the country, may not resume rice exports until November, local sources said, quoting an announcement by the Ministry of Commerce.
Business Lead Story Myanmar News Trade
Malayan Banking Bhd (Maybank), Malaysia’s leading bank by assets, commenced branch operations in Burma on Monday.
Lead Story News Trade Travel & Tourism
Thailand and Burma signed an agreement on Tuesday to allow citizens with ordinary passports to make visa-free visits of up to 14 days.
The attackers used heavy weapons, most likely mortar or artillery fire, damaging some commercial buildings.
Lead Story Lifestyle Nayyidaw News Trade
Organisers expect some 5,000 buyers – mostly from China – who will bid for 9,000 lots of jade and over 300 lots of gems.
State-owned Central Bank of Myanmar on 17 June announced that it will begin the unrestricted sale of foreign currencies to fuel and edible oil importers.
Business Lead Story News Trade
As Burmese kyat falls, the Central Bank of Myanmar warns foreign currency exchange operators to sell foreign bank notes only within official rates.
Business Weekly Lead Story News Pegu Division Trade
Telenor posts record revenues; Carlsberg opens beer factory in Pegu; Burma poised to be leading rice exporter; and rents in Rangoon on the rise.
Foreign Affairs Lead Story News Trade
Iran has released the Maersk Tigris cargo vessel seized by its patrol boats in the Strait of Hormuz last week. Burmese sailors are among crew.
Business Lead Story News Trade
Free trade agreement talks may be restarted; the Europeans broke off negotiations in 2009 due to Burma’s human rights record.
Lead Story News Politics Trade
The US has lifted its sanctions against a Burmese businessman and chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).
Development Lead Story News Trade
The World Bank on Thursday announced a new funding package for Burma, in it’s first full framework for the country since 1984.
Some 500 residents turn out on Friday in the town of Namhkam in northern Shan State to protest the visit of Chinese officials from across the common border.
Lead Story Natural resources News Trade
Burmese soldiers have reopened ports on the Moei River opposite to Thailand’s Tak Province to trade.
Lead Story Natural resources News Trade
The Karen Border Guard Force (BGF) has closed 23 border ports along the Moei River in retaliation for curbs on oil transportation by Thai authorities.
Business Weekly Lead Story News Trade
In business this week: Fewer liquor licenses to be issued; India-ASEAN highway faces traffic conundrum; Burmese debit cards go global.
Unregistered medicines should be avoided, consumers told, while retailers and distributors are warned of possible legal action.
Burma Business Business Weekly Lead Story News Trade
In business this week: Ministry of Commerce abolish trade registration fines; Burma market potential lures Thai investors; MP says corruption, waste risks more debt; Burma among world’s cheapest labour; Burma-China seals rice export deal; Chicken culling to halt H5N1;
Restrictions on the movement and sale of poultry are in place as a H5N1 outbreak takes hold in Sagaing Division.
Burma Business Weekly Lead Story News Trade
Japan bank opening account in Burma; Burma to dominate rice export industry; Officials meet in bid to boost India-Burma trade; Tobacco duties set to rise; India holds on to Burma’s pharma industry
Burma Business Business Weekly Lead Story News Trade
ADB pledge $80m to Irrawaddy delta; Burma tackles rising power demands; preparations underway for new Indo-Burma trade zone; S Korea assists rice exports.
After a thirteen-day sit-in, textile workers in Shwepyithar Industrial Zone are threatening to form protest camps to achieve negotiations on their demands.
Business Weekly Lead Story News Trade Travel & Tourism
In business this week: plans in place to allow foreigner to buy stocks; Burma considers sales of debt; deprived Chin State targets tourists
