CEVA logistics establish Myanmar Office

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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fundraising, MIL, Myanmar

Myanmar 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 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

The 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

The 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…

Japan’s International Corporation Agency to fund lending to SME’s in Myanmar

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Myanmar, SME

The Japan’s International Corporation Agency (JICA) will provide Kyats 1.3 billion (approximately US$ 952 million) to local banks to fund lending to small and medium-sized enterprises (SMEs). In 2016, the JICA provided loan financing totalling Kyats 41.5 billion (approximately US$ 30 million) to SMEs in Myanmar. Read more…

MAPCO Golden Lace completes development work of integrated rice project in the Ayeyawady region

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Ayeyawady, Myanmar

MAPCO Golden Lace Company Limited (MAPCO Golden Lace) has completed the construction of an integrated rice complex project (IRCP) on a 30- acre site in Kyaiklat in the Ayeyawady region. Established on 30 January 2014, MAPCO Golden Lace is a joint-venture between the Myanmar Agribusiness Public Corporation (MAPCO) (55%) and Golden Lace Company Limited (Golden Lace) (45%). Read more…

Bintai Kinden enters into US$17.5 million engineering sub-contract agreement with Soilbuild (Myanmar) Co Limited

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engineering, Myanmar

Mechanical and electrical engineering services provider Bintai Kindenko Myanmar Co Limited, (Bintai Myanmar) a subsidiary of Bintai Kinden Corp Bhd’s, has entered into a US$17.5 million sub-contract agreement with Soilbuild (Myanmar) Co Limited in respect to the development of a 26 storey Somerset Serviced Apartment and 68 and a half story Residence in the Bahan area of Yangon. Read more…

Osaka Chamber of Commerce and Industry and UMFCCI to assist SME’s establish in the Thilawa SEZ

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SME, the Thilawa SEZ

The Myanmar Japan Thilawa Development (“MJTD“), the Osaka Chamber of Commerce and Industry (“OCCI“) and the Union of Myanmar Federation of Chamber of Commerce and Industry (“UMFCCI“) have entered into a memorandum of understanding (“MoU“) to establish a small rental factory area in Thilawa Special Economic Zone (“Thilawa SEZ“). Read more…

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

The operators of the Hong Kong gold exchange the Chinese Gold & Silver Exchange Society (CGSE), are advising the Myanmar government on the prosed establishment of a new central gold exchange in Yangon (Myanmar Gold Exchange). The Myanmar Gold Exchange will be established by the Myanmar Gold Entrepreneurs Association (MGEA) in cooperation with the Myanmar Central Bank and Myanmar’s ministries of commerce, resources and environmental conservation, and home affairs. Read more…