11:00 AM, 16 February 2021 News Briefing
The Union of Myanmar Federation of Chambers of Commerce and Industry-UMFCCI expressed on Feb 15 an announcement of its opposition to the Cyber Security Bill proposed by the military. The[…]
Naypyidaw negotiating rice export deal with Yunnan
Burma is negotiating a rice export deal with the Yunnan provincial government.
Thingyan Festival: Yangon to allow commercial pavilions
The move marks the first time since the National League for Democracy took power in 2016 that commercial venues are to be allowed.
Business leaders to follow Suu Kyi to Japan
A group of 30 Burmese business leaders will travel to Japan as State Counsellor Aung San Suu Kyi begins a five-day visit to the country today.
Business Interview Lead Story News
Interview: ‘We need to work together effectively’
DVB speaks with Zaw Min Win, the new chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry, about the federation’s plans for the future.
Business Economy Lead Story News
Investment plunges amid caution over policy
Foreign investment in Burma has dropped to US$380 million during the first four months of the current fiscal year, down from $2.6 billion during the same period last year.
Business Economy Lead Story News
Port jam puts government to the test
As imports soar in Burma’s booming economy, the country’s largest port struggles to keep up.
Business Labour Issues Lead Story News
Wage war
Negotiations are currently being held in Rangoon which may pave the way for an official minimum wage in Burma.
Thai-Burma bonds boosted by business degrees
Thai-based institutes are cashing in on a demand for MBAs in Burma ahead of the imminent ASEAN Economic Community launch.
Foreign Affairs Lead Story News Politics
US extends sanctions citing ‘military impunity’
Barack Obama on 15 May announced the continuation of sanctions against Burma in a statement to the congress of the United States.
Lead Story News Politics Trade
US drops sanctions on Dagon Win Aung
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).
Burma Chamber of Commerce says US sanctions ‘not a big issue’
The renewal of some US sanctions on Burma will not harm economic relations between the two countries, according to the Union of Myanmar [Burma] Federation of Chambers of Commerce and Industry (UMFCCI).
Business Business Weekly Lead Story News
Burma Business Weekly
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 – Burma’s corruption remains investors’ biggest concern
Corruption is the top concern for businesses and investors in Burma, according to a survey commissioned by the UN, OECD and UMFCCI. About 20 percent of over 3,000 firms identified[…]
Business Business Weekly Lead Story News
Burma Business Weekly – 21 Feb 2014
BUSINESS in BURMA THIS WEEK: Maersk makes Burma a port of call; Timber sales rise as logging ban nears; 24 new hotels given licenses; baker & MKenzie open office in Rangoon; and VP warns Burmese firms against falling under foreign control.
Foreign investment may be restricted under new laws
Burma’s new foreign investment law may be more restrictive than its predecessor, experts said, after an updated draft of the much-anticipated foreign direct investment bill was leaked to Reuters last week
Local enterprises call for better access to credit, tax incentives
Local companies could be set to receive similar tax breaks and incentives as foreign firms under the Burmese government’s new foreign investment law, as the government seeks ways to even up the playing field
Western companies ‘still wary’ of Burma
Business leader says western investment interest in Burma still low compared to Asian countries but reforms could see that change
Nobel laureate Stiglitz due in Burma
Renowned economist to make his second trip to Burma this weekend to address forum on sustainable growth in Rangoon
ASEAN business leaders head for Rangoon
Delegates from the ASEAN Business Club to hold talks with industry figures in Burma as investors descend from the region and beyond
Govt to phase out FECs, cut export taxes
Significant changes afoot for Burma’s economy as government seeks to do away with foreign exchange certificates
EU ‘may further relax sanctions’
EU official tells Burmese industry representative that sanctions could be relaxed ‘step by step’ if further improvement is shown
Finance chief to target Burma trade
Former UMFCCI president Win Myint to spearhead ‘smoother, faster commerce’, but businessmen take assertions with a pinch of salt
Business lobby broadens its Asian horizons
Leading Burmese industry federation announces staff reshuffle as it prepares to open an office in Beijing, cementing Chinese business relations
Japanese auto-makers eye local opportunities
Honda among 17 vehicle manufacturers looking to set up operations in low-wage Burma for sales to local and international markets
Business Elections News Politics
Business tycoons gear up for 7 Nov
More than a dozen influential businessmen rumoured to have joined the ranks of the junta-backed Union Solidarity and Development Party
Feature: Taking out a contract on Burma’s farmers
Tine GyawFeb 10, 2009 (DVB), When the British ruled Burma, the living standard of farmers was very low due to the monopolisation of the rice trade by the colonial power[…]
Taking out a contract on Burma’s farmers
Tine GyawFeb 10, 2009 (DVB), When the British ruled Burma, the living standard of farmers was very low due to the monopolisation of the rice trade by the colonial power[…]
