Securities bond firms can set up JV with foreign partners

Local companies dealing with securities bonds can set up a joint venture with foreign partners if they want to, according to Myanmar Securities Exchange Commission (MSEC). The Yangon Stock Exchange is set to be established before October this year. “We will allow both the 100 per cent citizen ownership and joint venture with foreign partners […]

Myanmar invites service providers for first ever stock exchange in Yangon

YANGON, Jan. 11 (Xinhua) — Myanmar is inviting applications for service providers for its first ever stock exchange to be established in Yangon, setting Feb. 27 as the deadline for submission of applications, according to the Securities and Exchange Commission on Sunday. The commission will grant four kinds of services licenses — underwriters, dealers, brokers […]

Myanmar’s Telecom Industry To Get $1B Foreign Investment (FDI) From Telenor, Ooredoo And Other Companies In 2014

Myanmar’s telecom sector is expected to be a rock star in terms of attracting foreign investment in the coming year, with about 20 percent of the $4 billion to $5 billion the Southeast Asian nation is projected to receive coming from Norway’s Telenor, Qatar’s Ooredoo and other foreign telecom firms. Telenor and Ooredoo were finally […]

Telcoms Seen Taking Growing Share of Myanmar’s FDI Pie

NAYPYIDAW — The Myanmar Investment Commission expects that foreign direct investment in Myanmar will reach between US$4 billion to $5 billion in the coming 2014-15 fiscal year, with the country’s telecommunications sector seen as a rising star in attracting overseas business interest. Aung Naing Oo, director-general of the Directorate of Investment and Company Administration and […]