Myanmar Highlights

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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Yoma Strategic Holdings acquires Wave Money as part of expansion into Myanmar’s fintech sector

Posted by on Mar 14, 2018 in Highlights | Comments Off on Yoma Strategic Holdings acquires Wave Money as part of expansion into Myanmar’s fintech sector

Yoma Strategic Holdings acquires Wave Money as part of expansion into Myanmar’s fintech sector

  • Catalist-listed Memories Group to acquire Myanmar luxury yachting business
  • Condominium Rules expected to lead to increased activity in Myanmar’s real estate sector
  • Myanmar Centre for Responsible Business urges Myanmar Government to rethink its approach to mineral resource development
  • Myanmar traders anticipating increased trade on back of new sources of trade financing

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Central Bank of Myanmar announces interest rates will remain unchanged until 2020

Posted by on Feb 8, 2018 in Highlights | Comments Off on Central Bank of Myanmar announces interest rates will remain unchanged until 2020

Central Bank of Myanmar announces interest rates will remain unchanged until 2020

Myanmar Highlights February 2018 Download PDF | Download Word The Central Bank of Myanmar (“CBM”) has announced it has no plans to revise its interest rates on bank deposits, borrowings and government treasury bonds. According to CBM Vice-Governor, U Soe Thein, the CBM will not amend interest rates before 2020. The CBM is focused on maintaining a stable rate of inflation and the rate the government borrows money to fund the fiscal deficit. At present the CBM’s Central Bank Rate is 10% per annum (“pa”). The Minimum Bank Deposit Rate is 8% pa,...

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South Korea’s HUBS MK Co invest US$98 million as joint-venture development of Yangon logistics hub

Posted by on Jan 29, 2018 in Highlights | Comments Off on South Korea’s HUBS MK Co invest US$98 million as joint-venture development of Yangon logistics hub

South Korea’s HUBS MK Co invest US$98 million as joint-venture development of Yangon logistics hub

  • Myanmar Government lifts restriction on gold exports
  • TMH Telecom becomes fifth company to list on Yangon Stock Exchange
  • Upper Namhtwam hydro-power station to be operational before the end of April 2018
  • Myanmar, Denmark launch new SME fund
  • Surbana Jurong to design offshore supply base in Myanmar for Singapore-Myanmar joint-venture firm
  • Work on stalled Dawei SEZ set to resume in second half of 2018

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

Posted by on Dec 8, 2017 in Highlights | Comments Off on Central Bank of Myanmar to approve establishment of five new sector-specific banks

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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Institute of Singapore Chartered Accountants and Myanmar Institute of Certified Public Accountants to co-develop accountancy sector in Myanmar

Posted by on Nov 29, 2017 in Highlights | Comments Off on Institute of Singapore Chartered Accountants and Myanmar Institute of Certified Public Accountants to co-develop accountancy sector in Myanmar

Institute of Singapore Chartered Accountants and Myanmar Institute of Certified Public Accountants to co-develop accountancy sector in Myanmar

  • SHC Capital Asia to acquire MM Myanmar from First Myanmar Investment Limited
  • Indian Oil Corporation to export jet fuel to Myanmar, explore LPG marketing deal
  • Yoma Strategic Holdings awards building contracts worth over US$400m for new Yangon developments
  • Jotun Group opens first facility in Myanmar

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Myanmar Government introduces new fiscal year from 1 October 2018

Posted by on Nov 23, 2017 in Highlights | Comments Off on Myanmar Government introduces new fiscal year from 1 October 2018

Myanmar Government introduces new fiscal year from 1 October 2018

  • Myanmar Investment Commission approves construction of new China-backed industrial zone
  • Myanmar’s Department of Civil Aviation cooperating with the Interna­tional Civil Aviation Or­ganization to ensure the sustainable development of the Myan­mar aviation sector
  • New Myan­mar Investment Commis­sion approved projects create 18,923 job opportunities
  • TTCL Public Co. to construct US$2.5 bil­lion coal-fired power plant in Karen State
  • Cambodia and Myanmar sign tourism MoU

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Myanmar to benefit from ASEAN – Hong Kong free trade agreement

Posted by on Nov 15, 2017 in Highlights | Comments Off on Myanmar to benefit from ASEAN – Hong Kong free trade agreement

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

Posted by on Nov 6, 2017 in Highlights | Comments Off on Thai Bev buys Myanmar distilleries Company Group

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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