Myanmar Highlights

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

Posted by on Oct 4, 2017 in Highlights | Comments Off on MyTel to launch Myanmar’s first ‘4G-only services’ in 2018

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

Posted by on Jul 31, 2017 in Highlights | Comments Off on Total SA and Myanmar Government in talks to construct gas-fired power plant and supply LNG to Yangon

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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IFC assisting YSX listed-firms implement enhanced information disclosure

Posted by on Jul 14, 2017 in Highlights | Comments Off on IFC assisting YSX listed-firms implement enhanced information disclosure

IFC assisting YSX listed-firms implement enhanced information disclosure

  • Myanmar Investment Commission invites expressions of interest in respect to the construction of dry-ports and bonded warehouses on the Yangon River
  • Singapore’s Bok Seng Group and Myanmar’s and Myanmar’s Ayeyar Hinthar Group sign MoU in respect to the development of a logistics hub in Pathein Industrial City
  • Myanmar Investments International Limited closes US$6.3 million equity fundraising
  • CEVA logistics establish Myanmar Office

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Hong Kong gold exchange and CGSE advising on the establishment of new gold exchange

Posted by on Jun 16, 2017 in Highlights | Comments Off on Hong Kong gold exchange and CGSE advising on the establishment of new gold exchange

Hong Kong gold exchange and CGSE advising on the establishment of new gold exchange

  • Osaka Chamber of Commerce and Industry and UMFCCI to assist SME’s establish in the Thilawa SEZ
  • Bintai Kinden enters into US$17.5 million engineering sub-contract agreement with Soilbuild (Myanmar) Co Limited
  • MAPCO Golden Lace completes development work of integrated rice project in the Ayeyawady region
  • Japan’s International Corporation Agency to fund lending to SME’s in Myanmar

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FibreLink Myanmar seeking to raise US$25 million to fund first phase of telecom infrastructure development plan

Posted by on Mar 28, 2017 in Highlights | Comments Off on FibreLink Myanmar seeking to raise US$25 million to fund first phase of telecom infrastructure development plan

FibreLink Myanmar seeking to raise US$25 million to fund first phase of telecom infrastructure development plan

  • FibreLink Myanmar seeking to raise US$25 million to fund first phase of telecom infrastructure development plan
  • MySQUAR integrates Telenor Myanmar’s billing services
  • Thailand’s National Healthcare Systems establishes Myanmar joint venture
  • James Fisher and Sons and Royal Marine Technology Co. enter into MoU in respect to the provision of oil and gas services
  • Myanma Timber Enterprise to respond to new sanctions against Myanmar’s teak industry

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