British Chamber Launches Business Program to Entice UK Firms to Myanmar

The British Chamber of Commerce has launched a variety of business services to help attract British businesses to enter the Myanmar market. Some of the more prominent services the chamber is offering include business matching, market visits, trade missionsand bespoke events where businesses can showcase their products and services. With Myanmar considered one of the […]

Work on Thilawa ‘Zone B’ to begin after rainy season

The investors behind Myanmar’s first special economic zone will start accepting proposals for factories in second zone known as “Zone B” at the end of the rainy season, as both phases of “Zone A” near completion, with US$760 million in foreign investment committed to the project so far. Myanmar Thilawa SEZ Holdings chair U Win Aung told The […]

Thilawa Holdings lays out risks pre-IPO

Myanmar Thilawa SEZ Holdings (MTSH) has received the green light to list on the Yangon Stock Exchange and has published its disclosure documents, which detail its key shareholders, earnings and the main risks facing the company. The firm, established in 2013 by a nine-shareholder consortium, will launch its shares on the exchange on May 20, […]

FMI increases capital to Yoma Bank

First Myanmar Investment (FMI) has increased its capital contribution to its subsidiary Yoma Bank by almost K9.6 billion, after accepting a loan facility from Bangkok Bank, said a company announcement yesterday. FMI, owned by businessperson Serge Pun, is the first and only company to list on the Yangon Stock Exchange and owns a 51 percent […]

Second YSX listing delayed until May

The firm, which is expected to be the second to move its shares onto Myanmar’s new exchange, has not yet received approval from the YSX to list, said Kensuke Yazu, Myanmar representative for the Japan Exchange Group, which co-owns the stock exchange. First Myanmar Investment became the first firm to list on the exchange on […]

MTSH Won’t Sell Thilawa Zone B Shares Yet

Myanmar Thilawa SEZ Holding (MTSH) Public Limited will not sell its ‘Zone (B)’ shares in the near future, according to the company’s second annual general meeting. There are three zones in the Thilawa Special Economic Zone development – Zone (A), Zone (B) and Zone (C). A total of 2,145,000 shares for Zone (A) have already […]

EITI Research Begins This Month

Myanmar’s Extractive Industries Transparency Initiative (EITI) evaluation will begin this month, according to officials. “The research will commence at the beginning of June under the guidance of Myanmar EITI regarding technical matters of the study and detailed research on respective sectors and handling financial statements,” U Win Aung from EITI committee said. According to a […]

US offers path to redemption for ‘cronies’

Myanmar officials and the business community yesterday expressed hope that the lifting of US sanctions against prominent industrialist U Win Aung last week would open the door to an influx of US investment and the removal from Washington’s blacklist of other tycoons linked to the former military regime. An industry insider who asked not to […]

Japan aid widens Myanmar factories vs farms divide

THILAWA, Myanmar (AP) – Tin Hsan and her husband lived modestly in the outskirts of Myanmar’s commercial capital Yangon, growing rice and betel leaves on their 22 acres and peddling vegetables, but they got by, until they were forced to move to make way for Thilawa, a showcase industrial zone being built with Japanese aid. […]

The great unbanked

The vast unbanked populations of Myanmar deserves to be able to access financial services, according to experts. Although less than 5 percent of the population currently has bank accounts, a roadmap developed under the auspices of the Ministry of Finance is calling for banked rates of over 30pc by 2020. Deputy Minister of Finance U […]