COVID-19 and Force Majeure in Myanmar: What You Should Know
Download PDF | Download word version On 28 March...
MYANMAR SEA TRADE AT US$21.6 BILLION
Myanmar Highlights October 2019 Download PDF |...
MYANMAR’S RICE EXPORTS TO CHINA SURGE THIS SUMMER
According to the Ministry of Commerce, in July 2019, Myanmar exported over 29,000 tons of rice to China through Myanmar-China border trade camps, an increase of over 3,000 tons from June 2019.
YOMA BANK SMART CREDIT SOLUTION FOR THE MASS MARKET
Myanmar Highlights September 2019 Download PDF |...
Foreign casino operators seek opportunities following 2018 gambling law
Foreign casino operators from Hong Kong, Taiwan and Macau have been actively pursuing opportunities in Myanmar. The 2018 Gambling Law, which was passed in May 2019, legalises casino gambling in Myanmar
Increase In Foreign Direct Investment Into Myanmar
Government-approved foreign direct investment (“FDI”) into Myanmar increased by 77% to US$2.3 in the first-half of 2019 compared to US$1.3 billion in the same period in 2018. Singapore was largest investor
Metro Wholesale Myanmar secures US$20m loan from the International Finance Corporation
Wholesale Myanmar Limited (“Metro Wholesale Myanmar”) a Myanmar joint-venture company owned by Frankfurt-listed Metro AG (85%) and Singapore-listed Yoma Strategic Holdings Limited (15%)…
Yoma Strategic Holdings raises US$70 million in debut bond sale
Myanmar Highlights January 2019 Download PDF |...
Myanmar’s Ministry of Planning and Finance to allow foreign insurance providers operate in Myanmar
Myanmar Highlights January 2019 Download PDF |...
Apex Bank Limited to provide uncollateralized loans to SMEs
Myanmar’s Apex Bank Limited (“MAB”) has announced it will provide uncollateralized loans to Myanmar’s small and medium sized businesses (“SMEs”). The lending programme is being implemented in cooperation with German state-owned development bank KfW (formerly KfW Bankengruppe). Loan amounts will be based solely on companies’ income and expenditure and have an interest rate of 8.5%.
China Communications Construction Company and New Yangon Development Company in talks to develop New Yangon City project
The Myanmar Government-owned New Yangon Development Co. Limited (“NYDC”) and the HKEX-listed China Communications Construction Company (“CCCC”) are in advanced negotiations in respect to the New Yangon City Development Project (“Project”). NYDC and CCCC are currently in the process of preparing pre-project documentation (“PPD”). The Project will cover an area twice the size of Singapore. Phase 1 of the Project’s development is expected to cost approximately US$1.5 billion (Kyats 2.83 trillion) and will include the development of five township villages, two bridges giving access to the new city, …
Mineral Development Bank to provide loans to gem and mineral SMEs
The Central Bank of Myanmar (“CBM”) has approved the establishment of the Mineral Development Bank (“MDB”) to provide banking services to small and medium size enterprises (“SMEs”) in the gems and mineral sector. Speaking at the opening ceremony U Ohn Win, Minister for Natural Resources and Environmental Conservation said “The MDB was established to provide loans for developing technologies in the extraction of gems and minerals and production of finished products”.