Japan and Myanmar negotiating reviving failed Hanthawaddy International Airport project

Japan-and-Myanmar-negotiating-reviving-failed-Hanthawaddy-International-Airport-projectRepresentative from the Governments of Japan and Myanmar have commenced negotiations with regard to potentially reviving the failed Hanthawaddy International Airport project. Read more…

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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…

Myanmar Investments International Limited secures US$6 million loan from Yoma Bank

Myanmar-Investments-International-Limited-secures-US6-million-loanMyanmar 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.  Read more…

Great Hor Kham to enter into power purchasing agreement with Myanmar Government ahead of proposed IPO on the Yangon Stock Exchange

buMyanmar engineering company Great Hor Kham Public Company Limited (Great Hor Kham) has announced it is in the process of finalising a power purchasing agreement with the Myanmar Government and intends to apply to list on the Yangon Stock Exchange (YSX) before the end of 2018 to raise a proportion of the funds required to develop a 20MW hydropower project in Muse, Shan State. Read more…

Myanmar’s Oway Group raises US$14.7m from the IFC, Daiwa and others

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Bridge to the sea with sunset bihindMyanmar’s Oway Group (Oway) has raised US$14.7 million from a number of international investors including Daiwa PI Partners Co Limited (Daiwa) and the International Finance Corporation. Daiwa PI Partners, a subsidiary of Japan’s Daiwa Securities Group, contributed US$5 million in exchange for a stake in Oway Pte Limited. Read more…