Thilawa SEZ has sold over 3 million shares, to list when stock market set up

Myanmar Thilawa SEZ Holdings Public Co Ltd (MTSH) says it has sold more than three million shares but has no plan to sell more. Win Aung, the chairperson of MTSH, said: “We now have enough capital to run the economic zone. We have a plan to list on the stock exchange, which is going to […]

OTC market for Thilawa shares due in 45 days, Win Aung says

Over-the-counter sales of shares in the Thilawa Special Economic Zone will be launched within 45 days, according to tycoon Win Aung, chairperson of Myanmar Thilawa SEZ Holding Public Co Ltd. Win Aung, who is also the president of the Union of Myanmar Federation of Chambers of Commerce and Industry, said the OTC market “will sell […]

Stock market to arrive on time, like a Tokyo bus

The Yangon stock exchange will benefit from extensive Japanese support to meet a targeted October 2015 launch, said Daiwa Securities director Shinsuke Goto. Although the Securities and Exchange Law was passed in 2013, Myanmar has not yet set up a Securities and Exchange Commission necessary for licensing the exchange and securities companies, and has not […]

Tourism insiders watching Thai crisis

Thailand’s political upheaval has so far had little effect on Myanmar tourism, but is worth watching closely given the country’s importance for the industry in Myanmar, insiders say. Bangkok is by far the largest gateway for tourists arriving in Myanmar, but tourism has weathered past crises in Thailand and this one appears no different, said […]

Why Gap Is Opening Factories in Myanmar

Apparel retailer Gap (NYSE: GPS ) — the parent company of Old Navy, Gap, Banana Republic, Athleta, and Piperlime — is headed to Myanmar, the country formerly known as Burma. Gap will be the first American retailer to enter the country since the former military nation transitioned into a democracy three years ago. Gap has […]

Yoma and Sumitomo partner up

Yoma Strategic Holdings has entered into a proposed joint venture with Japan’s Sumitomo Corporation to distribute Hino trucks in Myanmar. Hino, a Toyota group company, manufactures medium- and heavy-duty trucks and buses, and is a market-leader in Japan. Andrew Rickards, Yoma Strategic’s chief executive, said the proposed joint venture would benefit both the logistics and […]

UMFCCI plans survey of business conditions

The Union of Myanmar Federation of Chambers of Commerce and Industry plans to use information gleaned from a business survey it begins this month to help the government formulate economic policy. The survey will also help the government to decide which sector or sectors to promote when the Asean Economic Community takes effect in 2015, […]

Digicel, Ooredoo sign Myanmar deal to construct telecommunications towers

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. YANGON—Digicel Asian Holdings, a consortium of Digicel Group, Yoma Strategic and First Myanmar Investment Co Ltd (FMI), announced today that its has signed an agreement with Ooredoo Myanmar to develop, construct and lease telecommunications towers in Myanmar. Digicel’s […]

New investment regulations will benefit Myanmar and its investors

Oil and gas industry experts have said that the new regulations for oil and gas exploration bids will benefit Myanmar financially and promote investment sharing. The Ministry of Energy has released the new Standard Regulations (PSC/IPR) for interested bidders on oil and gas blocks in Myanmar. Under the new regulations, the country will have 2.5% […]