Squatters move to contested rubber plantation

Scores of people are moving to a former rubber plantation in Kawhmu township, Yangon Region, attracted by the chance of owning their own land, while mystery surrounds the real ownership status of the plantation. The Suukalat plantation emerged as a centre of controversy in 2013 when the large plot was awarded in a murky tender […]

15 companies short-listed for Yangon Central Railway Station development tender announced

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

Companies prepare for Yangon Stock Exchange listings next year

Preparations are underway for the first companies to attempt a listing on the Yangon Stock Exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced. The names of six companies that meet – or are close to meeting – listing criteria issued […]

Scramble behind the scenes as Yangon Stock Exchange nears launch

Just a week before Myanmar’s first modern stock exchange is set to open on December 9, a much-delayed announcement on the names of securities companies has not yet been made, underwriters have not received licences and domestic IPOs seem a distant dream. Ten companies have been offered conditional underwriting licences for the Yangon Stock Exchange, […]

Yangon Stock Exchange 10 underwriter names leak

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The YSE will be launched on 9th Dec 2015. The name of the 10 firms that leaked out are: AYA Bank’s wholly owned subsidiary, AYA Trust Securities Company. Aya Bank is owned by U Zaw Zaw of Max […]

Telenor signs agreement with Malaysian towers company

Telenor Myanmar has signed a memorandum of understanding with Malaysia telecoms service provider OCK Group and its local Myanmar partner, King Royal Technologies, the Shah Alam-based company announced last week. The agreement, which is for building and leasing towers, adds another firm to Telenor’s inventory of infrastructure providers. OCK Group subsidiary OCK Yangon – set […]

Bad reception Telenor and Ooredoo pick new tower firms

After months of delays due to intense negotiations over pricing and terms, Ooredoo and Telenor have signed a second round of purchase orders for telecommunications towers. But two of the four towers companies originally hired as official vendors have so far been left empty-handed, and two newcomers have been hired instead. Norway’s Telenor has placed […]

Mobile tower firms turn the corner

The second year of building is under way for the tower companies working to extend coverage for Telenor and Ooredoo, moving steel and concrete by truck and buffaloes to thousands of sites around the country. Apollo Towers global project management officer Bill Pollack said the firm has learned a lot in the last year, as […]

Young Investment and Aust company get drilling permits

Two companies have received permits to drill for oil in areas in the centre and north of the country, the Ministry of Energy has said. Young Investment Group and Pacific Hunt Energy, an Australian firm, have won permission from Myanma Oil and Gas Enterprise (MOGE) and the government to drill on over 10 million acres […]