Yangon Suzuki plant ceases manufacturing as space runs out

Japanese car maker Suzuki Motor Corporation will temporarily close its manufacturing facilities in Yangon from December 1. With initial vehicle registrations suspended since September to avoid physical crowds at the Road Transport Administration Department’s (RTAD) offices, car sales have also stalled, and Suzuki Thilawa Motor Co. Ltd and Suzuki Myanmar Motor Co. Ltd will temporarily […]

All rural areas in Yangon Region to enjoy electricity by December

<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> A full percentage of people living in rural areas of Yangon Region will have access to electricity by the end of December this year, said Chief Minister Phyo Min Thein. The chief minister disclosed the information during the inauguration of Gyobyu and Theingon power sub-stations in Taikkyi […]

Ascent Capital closes Myanmar fund after elections

Singapore fund manager Ascent Capital Partners announced the final close of its debut Myanmar-focused fund, the Ascent Myanmar Growth Fund I LP (AMGF), on November 11. AMGF has attracted total capital commitments of US$88 million since its establishment in 2018, which it says makes it the world’s largest Myanmar-focused private equity fund. This comes after […]

Myanmar to Establish Credit Guarantee Corporation

Union Minister of Planning, Finance and Industry U Soe Win revealed during a January 22 meeting with local micro, small and medium enterprises that the ministry is working to form a credit guarantee corporation to help MSMEs get access to financial services. The ministry is working in collaboration with the Central Bank of Thailand to […]

YESC Stepping in to Provide Electricity

​​ Yangon Electricity Supply Corporation (YESC) has pledged to support the electricity infrastructure for developers in Yangon. On August 12 last year, the YESC announced that all developers applying for a Building Completion Certificate (BCC) from Yangon City Development Committee (YCDC) would need to determine whether or not the building required the installation of a […]

No new shares to trade on YSX until July: underwriters

The first long-awaited initial public offerings on the Yangon Stock Exchange will not include any new shares, said underwriters, while the first company to raise fresh capital is unlikely to list until July. The YSX opened last December to much fanfare but with no stocks to trade. Crowds gathered, a giant bell was rung and […]

Singapore-Led Consortium CPG Wins Kyaukphyu SEZ Consulting Tender

Subscribe to our tender alert mailing list YANGON — The Myanmar government has chosen a group of companies led by Singapore’s CPG Corporation to do consultancy work for the massive Kyaukphyu Special Economic Zone project. During a press conference Monday, a consortium of five companies led by CPG was named as the winner of an […]

SGX-listed Yoma’s consortium succeeds in tender for management of Myanmar’s Mandalay Airport

Subscribe to our tender alert mailing list Yoma Strategic Holdings, a Myanmar focused, Singapore-listed company primarily involved in real estate, said on Monday that a consortium it formed with two Japanese companies, Mitsubishi Corporation and JALUX Inc., has been selected by the authority of Myanmar as the successful tenderer to “upgrade and operate” the Mandalay […]