No foreign-local joint ventures to list on YSX at first

Joint ventures between local and foreign companies will not be permitted to list on the Yangon Stock Exchange at first, according to Dr Maung Maung Thein, chair of the Securities Exchange Commission of Myanmar. While the rules will eventually be changed to allow for foreign-local joint ventures to sell shares, that may be some time […]

Invitation for Open Tender to Implement Fair Price Housing Plan within Yangon City Development Area; Closing Date: June 30th, 2015

1. Local Companies, Foreign Companies and Local & Foreign Joint Ventures are invited to submit tender to implement Fair Price Housing Plan on the following place within Yangon City Development Area, the Republic of the Union of Myanmar: Land area about 11.00 acre, Min Ye Kyaw Zwar St., East Dagon Township (to implement Fair Price […]

Invitation to open tender for 85 acres Danyinkone Wholesale Market to construct in Insein Township; Closing Date: January 1, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Danyinkone Wholesale Market for flowers, fruits and vegetables to construct in Insein Township Invitation to open tender 1. The Yangon Regional Government invites open tender to local* companies interested to construct international Danyinkone Wholesale Market for flowers, fruits […]

Local Companies Invest US$ 45 Million in Luxury Napyidaw Hotel

NAYPYIDAW — Though Burma’s new capital Naypyidaw has developed a reputation as being somewhat of a ghost town, international hotel group Kempinski is confident about its prospects as it prepares to open a new luxury five-star hotel there in November. Local conglomerate Kanbawza (KBZ) Group and Jewellery Luck Company have invested US$45 million total, taking […]

Energy giants win Myanmar offshore oil and gas blocks

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners Wednesday of a landmark auction of offshore oil and gas exploration rights, pinning hope on its natural resources to drive economic growth. The country, left impoverished by nearly five decades of isolation under military rule, has been the subject of feverish interest by […]

Yangon City Development Committee: Tender Invitation for Waste Management, Due Date: 30 April 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Tender invitation for the transfer of the activities related to waste collection and transportation of the collected waste to final disposal site currently performed by Yangon City Development Committee to private company 1. Within 33 township of the […]

IFC provides local bank US$ 5 million for trade financing

YANGON—The International Finance Corporation announced on Tuesday that it has provided a US$ 5 million trade finance facility to locally-owned Myanmar Oriental Bank Limited that will allow the bank to help local companies increase their imports and exports, generate more foreign exchange, and create jobs. This facility will enhance MOB’s capacity to cover the payment […]

Yangon City Development Committee. Property Development. Invitation for Tender. Closing Date: 31st March, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Yangon City Development Committee Invitation for Tender 1. Yangon City Development Committee hereby invites Tenders from interested local companies, foreign companies, local companies and foreign companies in joint ventures for the implementation of the Housing Projects, Affordable Housing […]

Ks 32 billion to kickstart Yangon Stock Exchange

The Yangon Stock Exchange, which aims to start trading by October 2015, will begin with a starting capital of Ks 32 billion according to a deputy finance minister. Japan’s Daiwa and Tokyo Exchange will help support Myanmar’s new stock exchange and have invested a 49 percent stake in the venture. A draft contract is awaiting […]

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 […]