YSX-listed First Myanmar Investment to increase its share capital and issue two million new shares to shareholders

YSX-listed-First-Myanmar-Investment-to-increase-its-share-capital-and-issue-two-million-new-shares-to-shareholdersFirst Myanmar Investment Co. Limited (FMI), the maiden company to list on the Yangon Stock Exchange (YSX), has announced it intends to increase its share capital and issue an additional two million new shares to existing shareholders. FMI is an investment holding company and one of Myanmar’s largest and most successful conglomerates maintaining a diverse range of investments. Read more…

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International Finance Corporation to provide additional support to Myanmar’s agricultural sector

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International-Finance-Corporation-to-provide- additional-support-to-Myanmar_s-agricultural-sectorInternational Finance Corporation to provide additional support to Myanmar’s agricultural sector

The World Bank’s investment arm, The International Finance Corporation (IFC) is intends to provide increased support to Myanmar’s agricultural sector. According to the IFC’s Resident Representative for Myanmar Mr. Vikram Kumar, Myanmar has a “significant comparative advantage” in the agricultural sector. Read more…

KBZ Bank and Yoma Bank establish Myanmar’s first interbank lending facility

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KBZ-Bank-and-Yoma-Bank-establish-Myanmar-first-interbank-lending-facility.jpgKBZ Bank Limited (KBZ) and Yoma Bank Limited (Yoma) have entered into Myanmar’s first repurchase agreement (Repo).  Repos are a form of short-term borrowing for dealers in government securities. Under the Repo, the dealer sells government securities to investors on a short-term basis and buys them back on an agreed date.  Read more…

U.K’s Department for International Development launches new ‘Business Innovation Window’

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UK-Department-for-International-Development-launches-new-‘Business-Innovation- Window_The U.K’s Department for International Development (DFID) has announced details of a new initiative to support Myanmar companies and strengthen value chains and promote inclusive economic growth. The ‘Business Innovation Window’, which will launch before the end of August 2017, will provide grants to companies and projects in the agri-business and forestry sectors, as well as the garment and textile industry. Read more… 

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

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Total-SA-and-Myanmar-Government-in-talks-on-supply-LNG-to-YangonTotal SA (Total) and the Myanmar Government are engaged in negotiations in relation to the supply of liquefied natural gas (LNG) to Yangon.  Total, which operates in Myanmar via its Myanmar subsidiary Total E&P Myanmar Limited (Total Myanmar), is seeking to expand its participation in downstream activities in Myanmar, such as through the development and operation of re-gasification terminals, pipelines and power plants. Read more…

CEVA logistics establish Myanmar Office

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International logistics and supply chain management company CEVA Holdings LLC (CEVA) has established a new Yangon office. CEVA is owned by U.S. private equity firm Apollo Global Management, LLC.  CEVA Myanmar’s office will provide a full range of air and ocean freight services and will be connected to CEVA’s international ‘One Freight System’ which manages all freight movements worldwide. Read more…

Myanmar Investments International Limited closes US$6.3 million equity fundraising

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Myanmar-Investment-Commission-invites-expressions-of-interest-in-respect-to-the-construction-of-dry-ports-and-bonded-warehouses-on-the-Yangon-RiverMyanmar Investments International Limited (“MIL” or the “Company“), the Myanmar-focused investment company listed on the Alternative Investment Board (“AIM”) of the London Stock Exchange, invested in the telecommunications, microfinance, pharmacy and retail sectors in Myanmar and with a well-developed pipeline of opportunities, has closed an equity fund raising comprising a direct subscription and an offer via PrimaryBid.com.  Read more…

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

Singapore-Bok-Seng-Group-and-Myanmar-Ayeyar-Hinthar-Group-sign-MoU-in-respect-to-the-development-of-a-logistics-hub-in-Pathein-Industrial-CitySingapore transport and logistics firm the Bok Seng Group (Bok Seng)  has entered into agreement with Myanmar’s Ayeyar Hinthar Group (Hinthar Group) to develop a one-stop logistics hub in the Pathein Industrial City — the region’s first large-scale industrial park. Bok Seng is among a growing number of Singapore businesses seeking to expand into the Myanmar market. Read more…

Myanmar Investment Commission invites expressions of interest in respect to the construction of dry-ports and bonded warehouses on the Yangon River

Myanmar-Investments-International-Limited-to-considering-equity-fundraisingThe Myanmar Investment Commission (MIC) has invited expressions of interest in respect to the construction of dry-ports and bonded warehouses on the western bank of the Yangon River.  Speaking at a meeting of The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Myanmar Vice President U Myint Swe, invited companies to submit proposals to build dry ports and bonded warehouses on the bank of the Yangon River. Read more…

IFC assisting YSX listed-firms implement enhanced information disclosure

IFC-assisting-YSX-listed-firms-implement-enhanced-information-disclosureThe International Finance Corporation (IFC) is working in cooperation with the Myanmar government to educate public companies intending to list on the Yangon Stock Exchange (YSX) on transparency and disclosure standards in company reporting. According to the IFC, the standard and quality of information disclosure is fundamental to attracting foreign direct investment. Read more…