Myanmar Highlights

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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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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