Rumors of Foreign Investors Soon Accessing YSX Quashed

RANGOON — Foreign investors will be unable to buy shares on the Yangon Stock Exchange (YSX) as long as the Myanmar Companies Act is not amended, a senior YSX official said, dispelling rumors that shares trading would open up to foreigners this week. Earlier this week, misleading news apparently spread after Maung Maung Win, chair […]

Foreign fertiliser factory deal signed

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Japan-based Mitsui says it will invest 1.2 billion yen (US$10.50 million) to build a fertiliser plant in Thilawa Special Economic Zone in cooperation with Singapore’s Behn Meyer and the Myanmar Agribusiness Public Corporation (MAPCO). Mitsui & Co Ltd […]

Foreign firms bid for telecoms contract

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. An international telecoms firm will be chosen at the end of the month to partner with a nationally owned public company to form Myanmar National Telecoms, a fourth telecoms operator. “Applications closed on January 8 and received seven […]

Foreign firms eye new Myanmar telecoms licence despite inexperienced partners

Jan 25 Seven foreign firms are interested in bidding for Myanmar’s fourth telecoms license, a government official said on Monday, as the prospects of one of the region’s least connected nations outweigh the challenges of a partnership involving obscure local firms with scant industry experience. Chit Wai, deputy permanent secretary of the Ministry of Communications […]

Myanmar calls EOI for fourth telecoms operator

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The government has asked international telecoms operators to submit expressions of interest ahead of a tender for the country’s fourth operator licence, to be awarded in 2016. Companies will apply to join a local consortium of 11 local […]

Rice federation draws up emergency plans for imports

The Myanmar Rice Federation is drawing up contingency plans to import rice in response to widespread flooding, officials said. Heavy rains and rising waters in 11 out of Myanmar’s 14 regions and states have raised fears of a shortage of the staple food. The Myanmar Rice Federation had previously announced a temporary ban of exports […]

MAPCO to take a year for listing

Myanmar Agribusiness Public Corporation will not immediately float on the Yangon Stock Exchange when it launches, which is slated for later this year, according to company director U Ye Min Aung. The firm has already signalled its intention to eventually list, and U Ye Min Aung said after the listing criteria emerges the companies wishing […]

Mifan not Htamin: Rice Bags Must be Printed in Chinese

Legal exports of rice to China must include rice bags printed in Chinese language, according to an official from the Myanmar Rice Federation (MRF). The export of rice occurs mainly through the Muse border, where legal exports have recently started, but most rice passes through unsanctioned and illegal trade routes. According to the an agreement […]

MAPCO plans another share sale

Myanmar Agribusiness Public Corporation is planning to sell a total of Ks five billion in shares, with individuals allowed to purchase up to Ks 1 billion worth of shares each, according to its managing director. “Every Myanmar citizen can purchase shares at the price of Ks 10,800 per share,” MAPCO managing director Ye Min Aung […]

Myanmar firms compete for place on Yangon Stock Exchange

Yangon – Myanmar will allow five companies to be listed on the Yangon Stock Exchange when it is launched next year, local media reports said Monday. “Six local public companies have applied to be listed on the Yangon Stock Exchange and we have already granted permission to two companies,” Deputy Finance Minister Maung Maung Thein […]