Details: Category: Business; Published on 16 April 2014; Written by Super User; Hits: 1062

A builder works on a construction site in Jakarta. (EPA Photo)

Jakarta. Indonesia is still a country in the making. From Sabang to Merauke, the ambitious construction of roads and high-rise buildings continue to pop up throughout the archipelago, all of which are aimed at improving citizens’ ways of life.

Myanmar’s Growing—and Dangerous—Jade Trade

Details: Category: Business; Published on 26 March 2014; Written by Super User; Hits: 947

Photograph by Thierry Falise/LightRocket via Getty Images

A worker polishes a jade stone in a Mandalay factory on Oct. 24, 2013 in Myanmar

In the final three quarters of 2013, export earnings from Myanmar’s jade trade reached $920 million—up more than a third from a year earlier—according to newly released figures from the country’s Ministry of National Planning and Economic Development.

INTERVIEW-Mazda to start selling new cars in Myanmar, CEO says

Details: Category: Business; Published on 16 September 2013; Written by Super User; Hits: 1014

(Reuters) - Mazda Motor Corp will start selling new vehicles soon in Myanmar, its chief executive said, as carmakers rush to get a foothold in the country that until recently was under international economic sanctions.

As a part of a plan to sell cars in all member countries of the Association of Southeast Asian Nations (ASEAN), Mazda plans to send a range of vehicles to Myanmar rather than only sell low-grade models, Chief Executive Masamichi Kogai said.

Myanmar carrier leases 10 Boeing planes worth $960 mn

Details: Category: Business; Published on 12 February 2014; Written by Super User; Hits: 932

Singapore (AFP)

Myanmar's national carrier on Tuesday signed a contract with US firm GE Capital to lease 10 Boeing aircraft worth nearly a billion dollars in a major makeover for the largely domestic airline.

US ambassador to Myanmar Derek Mitchell described the agreement as the "largest commercial sale" by a US company to Myanmar in decades.

Jade struggling for buyers as Myanmar supplies decline

Details: Category: Business; Published on 16 September 2013; Written by Super User; Hits: 876

HONG KONG: Prized as a magical imperial stone, jade is a status symbol of the super rich in Asia, but rocketing prices in the top-end of the market have left traders in Hong Kong struggling to find buyers.

With the cost of high-quality raw jade and jade products surging repeatedly in the past eight years, prices tags are now becoming prohibitive and experts predict the bubble must soon burst as buyers are stepping back.

Driven up by the appetite of wealthy Chinese, the rising cost of jade is also being fueled by fears of a shortage in supply from Myanmar, the key source.