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…
01 Friday Jun 2018
Posted in Myanmar Highlights - 2018, Uncategorized
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Advans 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…
01 Friday Jun 2018
Posted in Myanmar Highlights - 2018, Uncategorized
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Myanmar’s Ministry of Commerce (“MOC”) has eased restrictions on foreign participation in wholesale and retail trading activities in Myanmar. On 9 May 2018 the MOC issued Notification 25/2018 (“MIC Notification”). Read more…
28 Monday May 2018
Posted in Myanmar Highlights - 2018, Uncategorized
Malaysia-based AirAsia Bhd (“AirAsia”) has opted to postpone its plans to establish a low-cost carrier in Myanmar. AirAsia had been in negotiations with an unnamed local company with a view to establishing a Myanmar joint venture. Read more…
25 Friday May 2018
Posted in Myanmar Highlights - 2018, Uncategorized
Pursuant 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…
24 Thursday May 2018
Posted in Myanmar Highlights - 2018
SGX-listed Yoma Strategic Holdings Limited (“Yoma”) is set to become the first Myanmar-focused company to issue Baht-denominated bonds underscoring Thailand’s importance as a regional fund-raising hub. Read more…
23 Wednesday May 2018
Posted in Myanmar Highlights - 2018, Uncategorized
The 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…
10 Thursday May 2018
Posted in Myanmar Highlights - 2018, Uncategorized
Representative from the Governments of Japan and Myanmar have commenced negotiations with regard to potentially reviving the failed Hanthawaddy International Airport project. Read more…
09 Wednesday May 2018
Posted in Myanmar Highlights - 2018, Uncategorized
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Gas, joint venture, LPG, MPE, Myanmar
Asia 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…
08 Tuesday May 2018
Posted in Myanmar Highlights - 2018, Uncategorized
The 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…
