Myanmar Companies Act sent to parliament

The Myanmar Companies Act – a pivotal piece of legislation that will reform how companies are regulated and allow foreign investors onto the Yangon Stock Exchange – was submitted to the Pyithu Hluttaw at the start this month, according to Directorate of Investment and Company Administration Director General U Aung Naing Oo. The new act […]

Paddy husk-powered plant in Nay Pyi Taw to be finished in May

The construction of a paddy husk-fired power plant which is jointly sponsored by Myanmar and Japan in Nay Pyi Taw is expected to be finished in May, according to the Myanmar Agribusiness Public Cooperation (MAPCO). This power plant is part of a wider MAPCO plan to place greater emphasis on power generation by the use […]

MAPCO courts investment for agri-industry park

​​ Myanmar Agribusiness Public Corporation (MAPCO) is building the first of several planned agricultural industrial parks in Ayeyarwady Region aimed at attracting foreign and local investment into agriculture and agri-business. U Ye Min Aung, MAPCO’s managing director said the Myaungmya township-based project is small-scale but innovative. Basic infrastructure including roads, a jetty and an electricity […]

Thilawa to Get Fertiliser Factory

​​ The Myanmar Agribusiness Public Corporation (Mapco) says it will build an international-standard fertiliser plant named “the AFC” in Thilawa Special Economic Zone this year, in partnership with the Mitsui Company from Japan and the German Malaysia-based Behn Mayer Company, according to its annual report. The fertiliser plant aims to satisfy domestic demand and boost import-substitute production. Mapco signed the investment contract with the foreign companies last April and it is due to be completed in the next financial year. Mapco has also formed a fertiliser and agrochemicals business branch. In addition, Mapco has opened a fertiliser business in Nay Pyi Taw and plans […]

Rice Exports to Africa Grow

​​ About 60 per cent of rice exports via sea from 2012 to 2016 are being exported to African markets with China second, according to the Myanmar Agribusiness Public Corporation (MAPCO). MAPCO exported over 86,000 tonnes of rice to Africa nations, more than 17,885 tonnes to China, in excess of 13,000 tonnes to Indonesia, more […]

MTSH Suspends Share Trading at YSX For Stock Split

Myanmar Thilawa Special Economic Zone Holdings Public Ltd (MTSH) announced yesterday that it would suspend trading of its shares at the Yangon Stock Exchange from October 30 to November 3. The board of directors of the company previously agreed to split each stock into 10 units. MTSH sought approval for the move from its share holders at its special general meeting on October 23, according to U Aye Win, the company’s administrative and human resources director.  The move aims to increase share trading volume at the YSX. This will enable people to buy shares easily, said Win Aung, chairperson of the […]

Myanmar takes first steps to ramp up rice exports

Due to the region’s warm climate, double cropping or even triple cropping is possible in some areas. Not surprisingly, this helped make Myanmar one of the world’s top exporters, a position it held from the 1920s through the early 1960s But the military-led socialist regime that took the reins of power in 1962 tightened state […]

Rumors of Foreign Investors Soon Accessing YSX Quashed

RANGOON — Foreign investors will be unable to buy shares on the Yangon Stock Exchange (YSX) as long as the Myanmar Companies Act is not amended, a senior YSX official said, dispelling rumors that shares trading would open up to foreigners this week. Earlier this week, misleading news apparently spread after Maung Maung Win, chair […]

MAPCO fined $1.8m for botched Indonesia rice shipment

A Myanmar delegation is heading to Indonesia this week to negotiate the release of 16,000 tonnes of rice that have been held at the Port of Surabaya for more than two months, and to discuss a US$1.8 million fine imposed on the exporter for its failure to follow regulations. The shipment was sent as part […]

Yangon stock exchange to open to foreign investors

The Securities and Exchange Commission of Myanmar is preparing to allow foreign investors to access the new Yangon Stock Exchange and for local-foreign joint ventures to list, chair U Maung Maung Win said. An “appropriate” number of joint venture companies will be given permission to go public as soon as the new Myanmar Companies Act […]