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Puma Energy JV expands $10 mln capital for aviation fuel services in Myanmar

National Energy Puma Aviation Services Company, which is joint venture between Singapore-based Puma Energy and Myanmar Petroleum Products Enterprises under the Ministry of Electricity and Energy, made capital expansion of over US$10.204 million in aviation fuel import, storage and distribution businesses, according to the Directorate of Investment and Company Administration (DICA). “The government holds more […]

Delay in Companies Law Negative, but not Surprising

Implementation of the long-awaited Companies Law will be postponed until August 2018, Reuters reported Monday, citing top officials from Myanmar’s Directorate of Investment and Company Administration (DICA). Myanmar will delay implementing a new law that would have allowed foreign companies to take up to a 35 percent stake in local companies, bringing about badly needed reforms for […]

DICA issues revised list of ‘out of touch’ companies

The Directorate of Investment and Company Administration has published a revised list of companies to be struck off its register, after receiving a number of complaints from businesses named on the list that are still operational. In August, the regulator issued a request for confirmation from all companies still in business, as it seeks to […]