Author: cmadmin

Central Bank of Myanmar to approve establishment of five new sector-specific banks

• European Union to provide funding for ‘Irrigated Agriculture Inclusive Development Project’ in Myanmar’s central dry zone
• Golden Myanmar Business Exchange plans US$5 million data center
• Hayman Capital secures US$900,000 loan from Malayan Banking Berhad
• AIM-listed Myanmar Strategic Holdings reports increased revenue in first public results

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Myanmar to benefit from ASEAN – Hong Kong free trade agreement

• Yoma Strategic Holdings raises US$60.1 pursuant to placement of 155 million primary shares on the SGX
• Grid Corporation of China launches projects in Shwebo in northwestern Myanmar as part of the Belt and Road Initiative
• Japan’s ANA Holdings Inc. abandons Myanmar’s Asian Blue Airline Project
• Myanmar’s first corporate credit card introduced by Ayeyarwady Bank

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Thai Bev buys Myanmar distilleries Company Group

• MySQUAR to provide Wi-Fi and digital content services to Myanmar Railways
• Silver Shine Inter­national Co. Ltd. pharmaceutical company to open manufacturing facility in Shwe Pauk Kan Indus­trial Zone
• The Credera Group to establish U$100 million fund to invest in Myanmar green-field ventures
• JFE Steel to establish Myanmar high-grade sheet steel production facility
• Myanmar Investments International enters into the Myanmar tourism sector

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MyTel to launch Myanmar’s first ‘4G-only services’ in 2018

• Environmental management plans completed in respect to mines located in Lonkhin – Hpakant Gems Tract
• DICA announce YSX-listed companies to benefit from reduced rate of income tax
• SafeBiz Engi­neering enters into franchise agree­ment with Malaysia’s IPM Engineering
• International Finance Corporation enters into advisory agreement with Myanmar’s Ministry of Agriculture, Livestock and Irrigation
• Ministry of Electricity and Energy state three new natural gas-fired power plants will have the capacity to meet all of Yangon’s energy demands
• Metro Cash & Carry to build wholesale facility in Thilawa SEZ

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Total SA and Myanmar Government in talks to construct gas-fired power plant and supply LNG to Yangon

• U.K’s Department for International Development launches new ‘Business Innovation Window’
• KBZ Bank and Yoma Bank establish Myanmar’s first interbank lending facility
• International Finance Corporation to provide additional support to Myanmar’s agricultural sector
• YSX-listed First Myanmar Investment to increase its share capital and issue two million new shares to shareholders

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