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Myanmar Strategic to open company’s first international school

Myanmar Strategic Holdings Ltd (MSH) on has said it received an investment permit from the Myanmar Investment Commission for the company’s first international school, Yangon American International School, according to an Alliance News article. Headquartered in Singapore and Yangon, its earliest investments were made in the hospitality market, starting in August 2014, with the acquisition […]

Singapore Myanmar Investco divests TPR telco assets for US$8m

Singapore Myanmar Investco (SMI), through its indirect subsidiary TPR Myanmar, is selling all of TPR’s telecommunications towers and tower leases in Myanmar for US$8 million. The buyer is Irrawaddy Green Towers and its parent company Irrawaddy Towers Asset Holding. This comes as SMI looks to focus its efforts on “less capital intensive and potentially better […]

Golden Myanmar Airlines breaks jet fuel monopoly

Myanmar has opened the door to the first private company to operate an aviation fuel business, potentially ending a state-backed monopoly in the fuel distribution market. Yangon-based Golden Myanmar Airlines Public Co received permission from the Myanmar Investment Commission (MIC) on April 5 to take part in the “importation, storage, distribution, transportation and into plane […]

IFC extends $3 million loan to SLCM Limited

KOLKATA: IFC is providitTng a $3 million loan to SLCM Limited, the Yangon-based subsidiary of Sohan Lal Commodity Management, a Delhi-based agrilogistics group. The aim is to help the company expand its warehousing services and allied services, in Myanmar, thereby improving the livelihoods of the rural population that rely on agriculture. In Myanmar, despite poor […]

How NYDC Develops New Yangon City Sustainably

NYDC CEO’s Blog: How NYDC Develops New Yangon City Sustainably Dear Friends, For the scoping of the environmental study perimeter for New Yangon City project, the NYDC team has conducted several discussions with relevant specialists and officers from the Ministry of Natural Resources and Environmental Conservation (MONREC) – Environmental Conservation Department (ECD) since mid-2018. During […]

Joint European Chambers Networking, 30th April 2019

The European Chamber of Commerce (EuroCham) Myanmar alongside British Chamber Myanmar, CCI France Myanmar, German Myanmar Business Chamber, Chamber of Commerce Italia Myanmar, Myanmar Norway Business Council and SwedCham are pleased to invite you to the third edition of the Joint European Chambers Networking. The event will be held in the Pullman Hotel Ballroom and […]

Myanmar opens insurance market to Prudential, Dai-ichi and 3 other foreign firms

YANGON — Myanmar’s government on Friday provisionally authorized five multinational insurance companies, including U.K.-based Prudential and Japan’s Dai-ichi Life Holdings, to establish wholly owned subsidiaries in one of Southeast Asia’s least-insured countries. The Planning and Finance Ministry’s announcement came as a surprise as it had earlier said it would allow only up to three foreign […]

Rescheduling of Announcement of Winners of Life Insurance Business to 5 April 2019

RESCHEDULING OF FORMAL ANNOUNCEMENT OF PREFERRED APPLICANTS FOR THE REQUEST FOR PROPOSAL TO APPLY FOR A LICENCE FOR LIFE INSURANCE BUSINESS IN MYANMAR TO BE OPERATED BY A FOREIGN INSURER THROUGH A 100% WHOLLY-OWNED SUBSIDIARY The Request for Proposal issued by the Ministry of Planning and Finance stated that the lists of preferred foreign life […]

AustCham Event Invitation: Welcome Reception for the new Australian Ambassador. 5 April 2019, 6pm – 8pm

Event Invitation | Yangon | Welcome Reception for the new Australian Ambassador to Myanmar HE Andrea Faulkner AustCham Myanmar invites you to a welcome reception for Australia’s new Ambassador to Myanmar HE Andrea Faulkner. Please join us in welcoming the new Ambassador and take this opportunity to network with business leaders from both the Australian […]

NYDC: Addressing Key Public Concerns on New Yangon City

CEO’s Weekly Blog – 18 March 2019 Addressing Key Public Concerns on New Yangon City Dear Friends, We had the second Townhall Meeting on 6 March 2019. Some of you may have attended in person, some may have watched it on our NYDC Facebook Live Stream. It was a robust discussion and I am glad […]