Thein Sein discusses development with Japanese PM Abe; Burma, WHO partner in Measles-Rubella vaccination campaign; TEEMA to invest $456 million in southern Burma; Japan to lend $285 million for development projects
Burma- China border trade fair planned for December; MREA to introduce wind power plants; Colgate buys out Laser toothpaste; Singaporean firm wins Hanthawaddy airport deal; YSEB to list as public company
Tourism in Karen and Mon hit hard by renewed conflict; Master Sports auction fetches $300,000; World Bank backs maternal & infant health care in Burma; Hong Kong mining firm gets exploration license in Shan State.
World Bank to loan US$100 million for Irrawaddy River basin; Burma, Israel sign bilateral trade agreement; Tourists from 67 countries now eligible for E-visas; Thai energy giant fires up coal power plant project
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
Burma’s currency was stable again this week; the buying rate for Burmese kyat on Friday was 973 to the US dollar. The price of gold rose slightly to 671,300 kyat per tical, up from 669,000 kyat last week. Fuel and rice prices remained steady.
BUSINESS in BURMA THIS WEEK: Thai firms queuing up for oil and gas contracts; post and telecoms market gets competitive; Air Bagan offers shares to staff; and the govt announces a plan to bring electricity to the entire country by the year 2030.
Burmese currency remained stable, SMEs assessed for loan eligibility, mobile access increases as Ooredoo issues affordable SIM cards, and gas exports to China keep a slow but steady pace to CNPC, the world’s fourth-richest company.
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.
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.
BUSINESS in BURMA THIS WEEK: Price of gold stabilises while kyat finishes strongly; Western Union expands outlets; stock exchange plans to start small; Malaysian minister urges investment in Burma; and tea industry in decline.
BUSINESS in BURMA THIS WEEK: China remains the country’s top trading partner; Myeik to Bangkok flights launch; Austria offers technical expertise on hydropower projects; and corruption in Burma still worries investors.
BUSINESS in BURMA THIS WEEK: Telenor pledges to erect 2,400 telecommunications towers across Burma; Exim Bank looks at southern highway; Traders Hotel rebranded as Sule Shangri-La; and Yoma announces deal with Mitsubishi.
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.
Business in Burma this week: ADB reaffirms support for Burma’s reforms; MPE invites bids for Irrawaddy delta refinery; Pepsi goes pop in Burma; three new Novotel resorts in the pipeline; and Burma’s 100 top taxpayers are awarded.
Business in Burma this week: Offshore oil and gas block bidding war – the winners announced; Japan pledges more development aid; Mitsubishi to open branch in Rangoon; Thilawa to vet potential investors; and Manchester United sign Burmese sponsorship deal.
Foreign firms bid for Thilawa SEZ; foreign investors invited into Rangoon housing market; new bidders call to re-tender for Hantharwaddy Airport; garment sector exports riding high; and Thai soda firm refuses to recall ‘fungus-ridden’ drinks.