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.
BUSINESS in BURMA THIS WEEK – Germany forgives 740m Burmese debt; shares for Thilawa SEZ to go on sale; offshore oil and gas bidders await anxiously; and Burma struggles to compete with neighbours in rice market.
Rangoon skytrain on track for 2025 completion; US bank offers credit incentives on Burmese trade; South Koreans dropped from Hantharwaddy Airport project; German President to attend business forum in Rangoon; and more.
The Burmese kyat remains unchanged, CNPC crude pipeline almost ready, foreign alcohol could be a go, Japan pledges US$96m aid and while Burma’s business environment improves, analysts say many risks remain.
BUSINESS in BURMA this WEEK: China offers tax breaks on Burmese gas; foreign banks to be allowed limited operations in Burma; construction begins at Thilawa industrial zone; telecoms giants ink deal; and new proposals for the Rangoon skyline.
BUSINESS IN BURMA THIS WEEK: Hotels open in Naypyidaw for SEA Games; India eyes pan-Asian gas contract; rubber deal signed with Japan; IMF’s Christine Lagarde is en route to Burma; and both Mercedes and Chevrolet plan auto showroom launches in Rangoon.
BUSINESS IN BURMA THIS WEEK: Sponsors for the SEA Games; international oil firms post finals bids for Burma’s offshore reserves; Japan in position to take over Dawei project; Singaporean bank looks to cater for increased bilateral trade; and Pepsi enters the cola wars.
THIS WEEK IN BURMESE BUSINESS NEWS: Mining law to be redrafted; Burma’s rubber exports receive a boost; Thai pharmaceutical firm steps up presence in Burma; and read how was the country rated by the World Bank as conducive to business investment.
This week: Shwe gas pipeline fully operational; Burma invites tender bids for broadband services; Mandalay railway station floors to be converted into hotel; Ministry to ban foreign fishing boats in Burmese waters; and more.
This week: foreign banks given open-door treatment; Burmese trade data;SMEs; electricity; nickel mining; dam construction; economic corridor from China to India; Burma’s ‘Oscars’ up for tender; and a well-known beer company taps into the Burmese market.