Indian trader busted for smuggling 7 tonnes of gold from Burma
An Indian gold trader based in the northeastern state of Assam has been arrested for allegedly smuggling nearly nearly $300 million worth of gold from Burma.
Tagged: gold
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Catch up on the latest Burmese investment and business news.
Business Weekly
Catch up on the latest banking, finance, and investment news from Burma.
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Catch up on the latest in Burmese business, development and finance from this week.
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Business Weekly
This week’s business news: rice exports suspended; foreign firms bid for gas venture; first Malaysian bank opens; Japan pledges to Rangoon rail project.
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Business weekly 31 July
This week in business; Myanmar Brewery in deal dispute, Mercedes releases new car for Rangoon traffic, and a Thai telecoms firm ventures into the Burmese market.
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Business weekly 24 July
This week in business; H&M voices support for a minimum wage, China tops list of foreign investors, and a visa-free agreement reached with Thailand.
Mandalay’s heart of gold
Mandalay is Burma’s cultural heart. The city’s soul can still be found in its artisan workshops, where its short—but rich— history is preserved…in gold.
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Business weekly 26 June
This week in business; negotiations for a minimum wage begin in Rangoon, Burma looks to wind farms for energy supply, and companies cash in on tourism boom.
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Business weekly 12 June
In business this week; Thai energy drinks look to expand in Burma, Myanmar Airlines welcome a new Boeing, and talk of debt and deficit in Burma’s economy.
Business Weekly Lead Story News Pegu Division Trade
Business weekly 8 May 2015
Telenor posts record revenues; Carlsberg opens beer factory in Pegu; Burma poised to be leading rice exporter; and rents in Rangoon on the rise.
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Business weekly 2 May 2015
Price of gold increases in Rangoon; ASEAN, EU aim for free trade pact; Fruit growers encouraged to think globally; Thein Sein addresses minimum wage issues.
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Golden year
A surge of enthusiasm from the Buddhist faithful has raised 16,000 gold plates – at a cost of $600 each – to be used to freshly layer the Shwedagon stupa.
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Burma Business Weekly
ADB pledge $80m to Irrawaddy delta; Burma tackles rising power demands; preparations underway for new Indo-Burma trade zone; S Korea assists rice exports.
BUSINESS WEEKLY 19 DECEMBER 2014
Business in Burma this week: Yoma secures loan from ADB to aid investments in Burma; Green flag for foreign firms in medical sector; Burma looks to compete as garment maker.
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BUSINESS WEEKLY 24 OCTOBER 2014
2015 elections to be held late Oct/ early Nov: UEC; Thai steel giant announces factory in Thilawa; 50 billion invested in Burma by 780 firms; JICA backs Rangoon-Mandalay railway upgrade.
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BUSINESS WEEKLY 26 SEPTEMBER 2014
Germany’s KfW and GIZ pledge €27 million for development; Govt gives green light for wine imports; Nestlé to open factory in Burma; Burmese investment forum held in New York; CAOG Sarl to begin energy production
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Black Lung in the Golden Land
In a country known as the Golden Land, gold miners are dying of a disease endemic to their work.
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BUSINESS WEEKLY – 24 August 2014
BUSINESS in BURMA THIS WEEK: China aims to legalise Burmese rice imports; Muse SEZ to be completed by 2017; Malaysian firm to supply Komatsu dozers in Hpakant; Telenor promises roll-out in September.
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Burma Business Weekly
BUSINESS in BURMA THIS WEEK: Govt announces goods and services for tax exemption; Thiha Group signs steel JV with Thai firm; US clothing retailer Gap to source from Burma; Hilton Hotels on the rise.
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Burma Business Weekly
BUSINESS in BURMA THIS WEEK: Ooredoo defends against boycott; Rangoon to get more freight ports, jetties; ADB supports renewable energy in Burma; US govt fines Fokker for breaking sanctions rules.
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BURMA BUSINESS WEEKLY 30 MAY
BUSINESS in BURMA this week: Gold drops in price; Singaporean oil firm expands drilling in Magwe; Japan’s Komatsu contracted for power plant; corn production expected to pick up; foreign banks ready to launch.
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BURMA BUSINESS WEEKLY
BUSINESS in BURMA THIS WEEK: Rangoon hotel market looks to continue record growth; Kyaukphyu SEZ master plan near completion; Telenor reaffirms Burma link with executive appointment; and the sale of Thilawa leasehold rights begins.
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BURMA BUSINESS THIS WEEK
BUSINESS in BURMA THIS WEEK: price of gold drops; Rangoon hosts international electronics expo; border trade is booming; Mitsubishi Electric opens; Red Bull promises jobs; and Mandalay leads the way in new hotel ventures.
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BURMA BUSINESS WEEKLY
Business in Burma this week – rice exports down a third; government to left booze ban; japan’s Mizuho Bank to launch; and Burma says ‘gam bei!’ to Asahi.
Gunmen rob jewellers in Mogok, leaving one dead
Armed robbers made off with almost 10kg of gold in a mid-day heist in Mogok, leaving one dead and another injured, according to Burmese policemen.
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Business Weekly
BUSINESS THIS WEEK: Gold is down; Japan backs Rangoon economic zone project; Yoma, Sumitomo ink trucks and buses deal; Mitsubishi gets involved in Yetagun oil and gas contract.
Burma’s wushu team delighted with medal wins
Two days before the official opening ceremony of the SEA Games, Burma has already won 10 gold medals. The Wushu competitions are going on in Naypyidaw until 10 December.
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Business Weekly
US war cry sends gold price soaring; More for your dollar; Dhaka flights to resume; Japanese airline buys 49 percent share in Asian Wings; World Bank loan to cover development projects and more.
Local claims to have discovered legendary Japanese treasure
A local man in Burma may have discovered a massive cache of gold and jewelry that was buried during the waning days of World War Two – or so he claims
