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Burma to cooperate with Malaysia on forced repatriation of migrants

Burma’s government is preparing to cooperate with Malaysia to arrange for the repatriation of hundreds of Burmese migrant workers who were rounded up during an ongoing crackdown by Malaysian authorities, officials said on Wednesday.

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Korean firm advises as Myanmar builds new international airport

Seoul-based Jipyong Jisung is advising a consortium led by Incheon International Airport Corporation, which has won the $1.1bn bid to build a new international airport near Yangon.

Recently, the Myanmar government announced two tender winners for its airport developments a South Korean consortium and Japans Mitsubishi Corporation.

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For Burma’s new newspapers, a daily struggle to profit

As publisher of one of Burma’s 12 fledgling private daily newspapers, the Yangon Times, Ko Ko has survival on his mind.
 
“No newspaper is making a profit,” he says, cagey about notions that a news-hungry populace is keen to snap up the array of daily newspapers now on sale, after five decades of a tightly controlled fourth estate.

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Vietnam rues slow start in tapping Burmese markets

Vietnamese businesses have been slow to tackle Burma’s emerging markets and are missing opportunities while its ASEAN neighbours, China, Japan, South Korea and western nations move in, several of the country’s entrepreneurs have complained.

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Government moves to cool property market

Government officials say they are planning to introduce additional real estate transaction taxes to cool the overheated the sector.
 
The statements follow announcements in state media last week that a tax on real estate transactions will not be lowered from its current 37 percent, despite industry pressure.

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