In Burma, a Fine Line Between CSR and Karmic Cash

RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]

Yangon Stock Exchange to open amidst suspicion

Many analysts believe the Yangon Stock Exchange, which will be fully operational by March this year, is opening with unfair advantages and possible conflicts of interests. The Yangon Stock Exchange (YSX) automatically entered the US sanctions blacklist as the Myanmar Economic Bank, an entity already sanctioned by the US Treasury Department’s Office of Foreign Assets […]

US Set to Ease Sanctions for Asia World Port in Rangoon

The Obama administration looks set to ease some sanctions targeting Asia World, a firm widely believed to have built its initial fortune on the drug trade before becoming one of Burma’s largest conglomerates, after sustained lobbing from the US banking industry. According to reports from Bloomberg and AP, the US Treasury Department’s Office of Foreign […]

Shwe Taung launches $300m project in downtown Yangon

Shwe Taung Group of Companies yesterday launched a mixed-use project worth US$300 million in the centre of Yangon, demonstrating that the local conglomerate has shaken off its controversial past to emerge as a viable partner in the eyes of many international investors. Junction City, designed by DP Architects from Singapore, will include a five-star hotel […]

Aid groups in Myanmar trip over links to elite

YANGON, MYANMAR — Staff hired to work with the U.S. government’s aid agency in Myanmar are preparing to move out of their office following revelations their landlord is a notorious former spymaster who oversaw the imprisonment and torture of thousands of pro-democracy activists. The debacle surrounding Development Alternatives Inc., a company contracted by USAID to […]

US investment in Myanmar focus on natural resources, infrastructure and agriculture

Five broad sectors most interest American business people, including natural resource extraction and consumer goods manufacturing through companies such as Colgate, Pepsi Co and Coca-Cola, trade experts said. Other US interests lie in infrastructure development for electricity production and distribution, road construction, and agriculture; where US firms can provide mechanical equipment as well as seeds […]

Award of major airport contracts offers new clues about Thein Sein government’s approach to doing business.

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Yangon’s still-sleepy international airport has grown increasingly busy amid a growing tourist trade, a flood of Western diplomats and NGOs re-establishing themselves in Myanmar, and planeloads of corporate executives coming to see whether all the changes are real. […]