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Charltons Myanmar Blog

Monthly Archives: June 2018

The Myanmar Investment Commission approves development of new US$9 million auto manufacturing facility

30 Saturday Jun 2018

Posted by Charltons Myanmar in Myanmar Highlights - 2018, Uncategorized

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Belt and Road, Myanmar investment commission, Pernod Ricard

the-myanmar-investment-commission-approves-development-of-new-us9-million-auto-manufacturing-facility.jpgThe 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…

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Myanmar’s Ministry of Mines issues regulations implementing the 2015 Mines Law and commences consultation on draft mining EIA Guidelines

25 Monday Jun 2018

Posted by Charltons Myanmar in Myanmar Law, Myanmar Law Updates, Uncategorized

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2015 Mines Law, 2018 Mine Rules, EIA

myanmars-ministry-of-mines-issues-regulationsThe 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…

Yangon Stock Exchange sees spike in trading volumes, upcoming IPOs

04 Monday Jun 2018

Posted by Charltons Myanmar in Myanmar Highlights - 2018, Uncategorized

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IPO, Yangon, YSX

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…

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

01 Friday Jun 2018

Posted by Charltons Myanmar in Myanmar Highlights - 2018, Uncategorized

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microfinance, Myanmar

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’s Ministry of Commerce permits foreign participation in wholesale and retail trading

01 Friday Jun 2018

Posted by Charltons Myanmar in Myanmar Highlights - 2018, Uncategorized

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Myanmar, retail trading

戈壁里的胡杨

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…

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