Lead Story Natural Disasters News
One decade after an earthquake killed almost 70,000 people, China’s investment in disaster preparedness means a similar tragedy is unlikely, said experts who urged other Asian nations to follow suit.
Japan’s ANA Holdings Inc has dropped a plan to form a joint venture in Burma, the airline said on Monday, after its application for an air operator’s certificate (AOC) was rejected by Burmese authorities.
Climate change will bring soaring temperatures, more intense storms, erratic rainfall, plummeting crop yields and a collapse of coral reefs to the Asia-Pacific unless countries fully implement their commitments under the Paris climate pact, scientists say, calling the challenges “unprecedented.”
Business Energy Lead Story News
Burma is the centre of attention for Woodside Energy following the Australian company’s discovery of gas off the coast of Arakan State last year. It is now preparing to invest[…]
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’.
Business Development Lead Story News
The World Bank has approved a US $400 million interest-free credit to support the Burmese government’s expansion of the national electricity grid.
Business Lead Story Myanmar News Trade
Malayan Banking Bhd (Maybank), Malaysia’s leading bank by assets, commenced branch operations in Burma on Monday.
A plan to provide the entire Mandalay region with electricity is receiving less than a quarter of the necessary funding from the government, according to a local official. Mandalay’s Minister[…]
The Burmese parliament has approved a proposed loan of US$300 million from EXIM Bank of China to fund the Cooperative Ministry’s micro-financing projects
The World Bank estimates Burma’s economic growth rate at 8.5 percent for 2014 and 2015, a figure higher than any other nation it surveyed, including China.
In a report on East Asian countries’ economies released on Monday, the World Bank estimated Burma’s growth rate at 8.5 percent for 2014 and 2015, a figure higher than any[…]
Economy Finance Lead Story News
Burma’s Foreign Bank Licensing Committee awarded preliminary licenses to nine foreign banks on Wednesday, and Japanese banks were by far the biggest winners.
Business Lead Story News Politics
The grandson of late Burmese dictator Ne Win revealed that he plans to purchase the majority of shares of Asian Green Development Bank, which is owned by Tay Za.
Interview Interview International Lead Story News Video
Kanthan Shankar, the country manager for the World Bank in Burma, talks to DVB Interview International about current World Bank and IFC projects in the country.
Business Development Lead Story News
World Bank President Jim Yong Kim announces a $2 billion development aid package to Burma for projects such as healthcare and energy supply.
International Monetary Fund chief Christine Lagarde has urged Burma to urgently prioritise tackling widespread poverty while pledging assistance to the country’s nascent banking sector.
The World Bank on Tuesday approved a US$140 million interest-free loan to boost electricity access in Burma, where over 70 percent of the population live in darkness.
According to a list of the top 500 taxpayers in Burma, Kanbawsa Bank – with over 2,000 employees – is the highest payer of income tax in Burma, while Myanmar Brewery Ltd pays the most commercial tax.
Burma’s lending and savings rates are among the highest in the world, but now the Central Bank is weighing up the pros and cons of bringing them in line with international standards.
The 40-year loan – at a fixed 0.75 percent interest rate – would be used to develop the communications sector and to improve schools.
Burma could become Asia’s next economic engine if it enacts vast reforms, the IMF said Wednesday, signaling the country could receive a Fund monitoring program in 2013.
Following the publication of Displacement Solutions recent report on housing, land and property rights in Burma, DVB’s David Stout spoke with the organisation’s founder and director Scott Leckie about land[…]
Civil society groups have urged the World Bank to exercise caution before pressing ahead with their plans to pump millions into community projects in conflict-torn border regions or risk “exacerbating” local problems
Burma’s Asian Green Development Bank and Thailand’s Kasikorn Bank signed an agreement to create a remittance service between the two countries that will begin operations in June
After closing their doors in 1987, the World Bank will open an office in the country’s capital where it aims to address the country’s unpaid debt and economic stagnation
Meeting of board of directors concludes that engagement will resume but orders Burma to first repay millions of dollars in debt
Andris Piebalgs voices concern that EU-based companies will act ‘conservatively’ over investing in Burma, to Europe’s detriment
Four privately-owned banks to open money exchange services in Thailand, Malaysia and Singapore to help flows of remittances
International lenders get the nod from Hillary Clinton to return to Burma after a two-decade absence as reward for reforms
Scheme underway in three cities, with banking cards also to be permitted for use by Burmese who bank with private enterprises
