Myanmar Highlights

Myanmar Metals announces milestones for Bawdwin mine

Posted by on Aug 17, 2018 in Highlights | Comments Off on Myanmar Metals announces milestones for Bawdwin mine

Myanmar Highlights August 2018 Download PDF | Download word version ASX-listed junior Myanmar Metals Limited (“Myanmar Metals”) has unveiled an accelerated path to redevelop for the Bawdwin polymetallic mine, in Myanmar. Myanmar Metal, has announced that it has, together with its joint venture (“JV”) partners Win Myint Mo Industries Limited (“WMM”) and EAP Global Mining Company, defined a number of clear project milestones for the next 12 months. The milestones will include exploration programmes, a range of engineering and metallurgical...

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​​​​​​​HKEX-listed HGC Global Communications acquires majority stake in leading network service provider in Myanmar

Posted by on Aug 8, 2018 in Highlights | Comments Off on ​​​​​​​HKEX-listed HGC Global Communications acquires majority stake in leading network service provider in Myanmar

Myanmar Highlights August 2018 Download PDF | Download word version HGC Global Communications Limited (“HGC”), (formerly Hutchison Global Communications Limited) a fixed-line operator and internet service provider with extensive local and international network coverage and infrastructure, has announced details of its conditional share purchase agreement between a separate subsidiary of HGC and the shareholders of Golden TMH Telecom Company Limited (“GTMH”), whereby the HGC Group will effectively become the majority shareholder of GTMH on the...

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PTTE in talks with Myanmar Government to develop large gas fired power plant in Yangon region

Posted by on Jul 24, 2018 in Highlights | Comments Off on PTTE in talks with Myanmar Government to develop large gas fired power plant in Yangon region

Myanmar Highlights July 2018 Download PDF | Download word version The Stock Exchange of Thailand-listed PTT Exploration and Production Plc (“PTTEP”) has announced plans to develop and operate a large gas-fired power plant to be situated south west of Yangon, through its wholly-owned Myanmar subsidiary PTTEP International Company Limited. According to PTTEP’s General Manager Piya Sukhumpanumet, PTTEP intends to develop the project in partnership with Global Power Synergy Plc (“GPSC”). Mr. Piya said the project will cost hundreds of millions of...

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Myanmar MEITI reports Myanmar’s oil and gas sector accounts for almost half of the country’s national debt

Posted by on Jul 19, 2018 in Highlights | Comments Off on Myanmar MEITI reports Myanmar’s oil and gas sector accounts for almost half of the country’s national debt

Myanmar Highlights July 2018 Download PDF | Download word version The Stock Exchange of Thailand-listed PTT Exploration and Production Plc (“PTTEP”) has announced plans to develop and operate a large gas-fired power plant to be situated south west of Yangon, through its wholly-owned Myanmar subsidiary PTTEP International Company Limited. According to PTTEP’s General Manager Piya Sukhumpanumet, PTTEP intends to develop the project in partnership with Global Power Synergy Plc (“GPSC”). Mr. Piya said the project will cost hundreds of millions of...

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The Myanmar Investment Commission approves development of new US$9 million auto manufacturing facility

Posted by on Jun 22, 2018 in Highlights | Comments Off on The Myanmar Investment Commission approves development of new US$9 million auto manufacturing facility

Myanmar Highlights June 2018 Download PDF | Download word version The Myanmar Investment Commission (“MIC”) has approved an investment proposal received from the Singapore-based Shwe Daehan Motors Company Limited (“Shwe Daehan Motors”) in respect to the development of an auto manufacturing facility in the Thardukan Industrial Zone in Shwepyithar Township, Mandalay. According to the MIC Shwe Daehan Motors will invest US$9 million to develop the facility which will manufacture cars and motor bikes on behalf of an undisclosed Korean motor...

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Advans Myanmar and Yoma Bank enter into microfinance funding agreements worth US$1.4 million

Posted by on Jun 1, 2018 in Highlights | Comments Off on Advans Myanmar and Yoma Bank enter into microfinance funding agreements worth US$1.4 million

Advans Myanmar and Yoma Bank enter into microfinance funding agreements worth US$1.4 million

  • Yangon Stock Exchange sees spike in trading volumes, upcoming IPOs
  • Viettel Group to launch 4G service ‘Mytel’ in Myanmar
  • SGX-listed Memories Group Limited acquires the Kayah Resort for US$2.9 million
  • World Wildlife Fund warn site-wide assessment required at Dawei Special Economic Zone
  • The Myanmar Petroleum Trade Association urges Myanmar Government to enforce the Myanmar Petroleum and Petroleum Products Law

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Coffee Concepts Myanmar obtains MIC approval to establish Myanmar’s first Starbucks

Posted by on May 18, 2018 in Highlights | Comments Off on Coffee Concepts Myanmar obtains MIC approval to establish Myanmar’s first Starbucks

Coffee Concepts Myanmar obtains MIC approval to establish Myanmar’s first Starbucks

  • SGX-Listed Yoma Strategic Holdings to issue Baht-denominated bonds
  • Myanmar Investment Commission permits foreign investors to wholly-own private schools in Myanmar
  • AirAsia postpones plans to launch low-cost carrier in Myanmar
  • Myanmar’s Ministry of Commerce permits foreign participation in wholesale and retail trading

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Myanmar Investments International Limited secures US$6 million loan from Yoma Bank

Posted by on May 4, 2018 in Highlights | Comments Off on Myanmar Investments International Limited secures US$6 million loan from Yoma Bank

Myanmar Highlights May 2018 Download PDF | Download Word Myanmar Investments International Limited (MIL or the Company), the Myanmar focused investment company, has announced that its microfinance joint venture, Myanmar Finance International Limited (MFIL), has secured a US$6 million, Kyat-denominated loan facility (approximately Kyat 8 billion) from Yoma Bank Limited (Yoma Bank), one of Myanmar’s leading banks. Security for the loan was provided by the Norwegian Investment Fund for Developing Countries (Norfund), one of MIL’s joint venture...

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Myanmar Government announces plans to construct oil refinery in the Magne region

Posted by on Apr 18, 2018 in Highlights | Comments Off on Myanmar Government announces plans to construct oil refinery in the Magne region

Myanmar Highlights April 2018 Download PDF | Download Word The state-owned Myanma Petrochemical Enterprise (MPE) has announced details of its plans to construct a new oil refinery in the Magwe Region on a Public Private Partnership basis.  The new refinery will be constructed near an existing state-run facility and will have a capacity of 2 million tonnes per year. It will be supplied with crude from the South East Asia pipe line, which extends onshore Myanmar from the Rakhine coast to Yunnan province in China. The Ministry of Electricity and...

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The Securities and Exchange Commission of Myanmar to form dedicated task force to help companies list on the Yangon Stock Exchange

Posted by on Mar 28, 2018 in Highlights | Comments Off on The Securities and Exchange Commission of Myanmar to form dedicated task force to help companies list on the Yangon Stock Exchange

The Securities and Exchange Commission of Myanmar to form dedicated task force to help companies list on the Yangon Stock Exchange

  • AirAsia considering partnership with a Myanmar domestic carrier
  • Sales to commence of residential units at the Peninsula Residences Yangon
  • US$2.5b Yangon railway station redevelopment to commence by June 2018
  • Directorate of Investment and Company Administration announce total annual foreign direct investment in Yangon exceeds US$ 54 million
  • YSX doubles daily stock trade matching

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