Yangon Stock Exchange sees spike in trading volumes, upcoming IPOs

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Temples in Bagan, MyanmarTrading 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…

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Advans Myanmar and Yoma Bank enter into microfinance funding agreements worth US$1.4 million

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advans-myanmar-and-yoma-bank-enter-into-microfinance-funding-agreements-worth-us14-million.jpgAdvans MFI Myanmar Company Limited (“Advans Myanmar”) and Yoma Bank Limited (“Yoma Bank”) have entered into three agreements to support microfinance institutions (“MFIs”) in the Sagaing and Mandalay regions. Read more…

Myanmar Investment Commission permits foreign investors to wholly-own private schools in Myanmar

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Sunset old Temple wat Praputtachai at Saraburi, ThailandPursuant to Myanmar Investment Commission (“MIC”) Notification 7/2018 (“MIC Notification”) issued on 20 April 2018 foreign companies will be permitted to wholly-own private schools in Myanmar.  Foreign-owned private schools will be permitted to provide either a curriculum prescribed by the Ministry of Education (“MOE”) or an internationally recognised curriculum approved by the MIC and MOE. Read more…

Coffee Concepts Myanmar obtains MIC approval to establish Myanmar’s first Starbucks

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coffee-concepts-myanmar-obtains-mic-approval-to-establish-myanmars-first-starbucksThe Seattle-headquartered Starbucks Corporation (“Starbucks”) is to establish operations in Myanmar. On 12 May 2018, the Myanmar Investment Commission (“MIC”) approved the foreign investment proposal of Coffee Concepts Myanmar Ltd (“CCM”), a wholly foreign-owned food and beverage services provider, and Starbucks’ Myanmar franchisee.  Read more…

Asia AVA Gas and Myanmar Petrochemical Enterprise establish joint-venture to develop LPG storage facility

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Asia-AVA-Gas-and-Myanmar-Petrochemical-Enterprise-establish-joint-venture-to-develop-LPG-storage-facilityAsia AVA Gas Company Limited (AVA Gas) has entered into a joint venture with Myanmar Petrochemical Enterprise (MPE), to establish a new joint-venture company to import, store and distribute liquefied petroleum gas (LPG) in Myanmar. Read more…

Myanmar Government to hold consultation meeting on the new Myanmar Insolvency Bill

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Myanmar-Government-to-hold-consultation-meeting-on-the-new-Myanmar-Insolvency-BillThe Myanmar Government is to hold a public consultation on Myanmar’s new draft Insolvency Bill (Myanmar Insolvency Bill).  It is anticipated the Myanmar Insolvency Bill will replace three older laws and introduce a new regime for corporate and personal insolvency in Myanmar. Read more…