fbpx

Thai PTT to open first Myanmar filling station next year

PTT Oil and Retail Business, the retail arm of Thai energy giant PTT Group, said it intends to form a joint venture with KBZ Group to set up a filling station and a reserve facility. “The first PTT station in Myanmar is slated to open before the second quarter of next year,” said Buranin Rattanasombat, […]

DCA starts tender process for Kawthoung airport upgrade

The Department of Civil Aviation (DCA) last week started a tender process for the upgrading of Kawthoung airport in Tanintharyi Region and is now calling for requests for proposals. Interested parties have until November to submit the relevant documents. The entity undertaking the upgrade must be structured as a special purpose company with at least […]

Myanmar’s fuel market: from fanfare to standstill

IN JULY 2017, Frontier reported on the longstanding frustration among drivers in Myanmar at the poor quality of fuel sold at local stations. Just a few months earlier, the Myanmar Investment Commission had abolished a requirement that foreign investors in the sector partner with the Ministry of Energy and Electricity. The larger local players were […]

International partnerships drive transparency among Myanmar companies

Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]

Investment Law Rules and Regulations Released by March

NAYPYIDAW — Rules and regulations for the newly enacted Myanmar Investment Law will be released in three months at the earliest and by the end of March next year at the latest, according to U Maung Maung Win, deputy minister of national planning and finance. The law, enacted by President U Htin Kyaw last week, […]

Experts call for stronger property laws in Myanmar

MYANMAR’S real-estate market would become more buoyant if regulations on pricing and related issues were to be strengthened, experts said recently. At the “Property Report Congress Myanmar 2016”, developers and bankers urged the government to improve infrastructure and regulatory reforms. Tony Picon, managing director of Colliers International Myanmar, said the country needed to control property […]

Firm to bring big screens to small towns

Movie-loving Myanmar is suffering from a dearth of cinemas, which local firm MAZE is hoping to remedy. The company is kicking off a K20 billion two-year project to build 100 theatres across different states and regions. There were more than 400 cinemas nationwide in the early 1980s, but by the 2010s this had dropped to […]

Yangon Stock Exchange on Track for March Trading Debut

RANGOON — The Yangon Stock Exchange (YSX) is expected to begin shares trading by the second week of March, with dry-run testing already underway, an official from the Securities Exchange Commission of Myanmar (SECM) told The Irrawaddy on Monday. Though the YSX officially “launched” late last year with six companies listed, no shares have yet […]

Don’t wait too long to invest in Myanmar’s growth

Western investors have been patiently observing Myanmar’s growth story – but wait too long and you’ll miss out, say KBZ’s Nyo Myint and Zaw Lin Aung. After 50 years of isolation under military rule, Myanmar’s economy has been slowly opening up in the past few years. That may pick up pace now that Aung San […]

Yangon Stock Exchange 10 underwriter names leak

Subscribe to our tender alert mailing list 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 Myanmar Group. Co-operative Bank’s wholly owned subsidiary CB Bank Securities […]