13 Thursday Sep 2018
Myanmar’s Ministry of Commerce has announced it is working towards the resumption of development works at the Dawei Special Economic Zone (“Dawei SEZ”) and Kyaukphyu Special Economic Zone (“Kyaukphyu SEZ”) SEZ. The development of the US$8 billion Dawei SEZ, which has been suspended since 2013 following the Italian-Thai Development Company (“ITD”) withdrawal from a development agreement signed in 2008 due to financial constraints. Read more…
24 Friday Aug 2018
On 19 August 2018, the Myanma Awba Group (“Myanma Awba”), Myanmar’s largest manufacturer and distributor of agricultural technology, commenced operations at its new agrochemical production facility in Yangon. Read more…
18 Saturday Aug 2018
ASX-listed junior Myanmar Metals Limited (“Myanmar Metals”) has unveiled an accelerated path to redevelop for the Bawdwin polymetallic mine, in Myanmar. Myanmar Metal, has announced that it has, together with its joint venture (“JV”) partners Win Myint Mo Industries Limited (“WMM”) and EAP Global Mining Company, defined a number of clear project milestones for the next 12 months. Read more…
09 Thursday Aug 2018
HGC Global Communications Limited (“HGC”), (formerly Hutchison Global Communications Limited) a fixed-line operator and internet service provider with extensive local and international network coverage and infrastructure, has announced details of its conditional share purchase agreement between a separate subsidiary of HGC and the shareholders of Golden TMH Telecom Company Limited (“GTMH”), whereby the HGC Group will effectively become the majority shareholder of GTMH on the closing of the transaction. Read more…
31 Tuesday Jul 2018
Posted in Myanmar Law, Myanmar Law Updates, Uncategorized
Introduction to 2018 Myanmar Companies Regulations
On 23 July 2018. Myanmar’s Ministry of Planning and Finance issued Notification No. 66/ 2018 in accordance with Section 462 (1) (a) of the Myanmar Companies Law 2017 (“MCL”). Notification No. 66/ 2018 (“Myanmar Companies Regulations” or “Regulations”) establishes an online companies’ registry (“Myanmar Companies Online” or “MyCo“) and sets out provisions in respect to the operation of the MCL, which comes into effect on 1 August 2018 and replaces the Myanmar Companies Act (1914) (“MCA”). Read more…
25 Wednesday Jul 2018
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The Stock Exchange of Thailand-listed PTT Exploration and Production Plc (“PTTEP”) has announced plans to develop and operate a large gas-fired power plant to be situated south west of Yangon, through its wholly-owned Myanmar subsidiary PTTEP International Company Limited. Read more…
20 Friday Jul 2018
Posted in Myanmar Highlights - 2018, Uncategorized
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According to the annual progress report of The Extractive Industries Transparency Initiative in Myanmar (“Myanmar MEITI”), Myanmar’s oil and gas sector, while being the largest source of revenue for the Government, is also responsible for almost half of Government debt. Read more…
30 Saturday Jun 2018
Posted in Myanmar Highlights - 2018, Uncategorized
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 brand. Read more…
25 Monday Jun 2018
Posted in Myanmar Law, Myanmar Law Updates, Uncategorized
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The Myanmar Government has belatedly issued rules implementing the 2015 Myanmar Mines Law (“2015 Mines Law”). The 2015 Mines Law introduced a number of progressive legislative amendments intended to encourage international participation in Myanmar’s mining sector. Read more…
04 Monday Jun 2018
Posted in Myanmar Highlights - 2018, Uncategorized
Trading on the Yangon Stock Exchange (“YSX”) has increased significantly since it increased its order matching frequency to four times per day in March 2018 in an effort to generate more interest and activity in the market. Read more…
