Myanmar Companies

FDI companies can trade on YSX

July 21, 2017 by Thiha

When the new Myanmar Companies Act emerges, a system to allow companies with foreign investment to list on the Yangon Stock Exchange, will be established, said U Htay Chun, a member of Myanmar Securities Exchange Supervisory Commission to Myawady Daily newspaper, yesterday. “Foreigners are unauthorized to participate in stock trading on YSX under existing Myanmar […]

Filed Under: Latest News Tagged With: A Member, FDI companies, First Myanmar Investment, First Private Bank, FMI, foreign investment, foreign investment project, Foreigners, FPB, MCB, MTSH, Myanmar Citizens Bank, Myanmar Companies, Myanmar Companies Act, Myanmar Securities Exchange Supervisory Commission, Myanmar Thilawa SEZ Holdings, Myawady Daily Newspaper, share prices, Stock trading, U Htay Chun, Yangon Stock Exchange, YSX, YSX statistics

IFC to Help Myanmar Develop a Secured-Transactions Framework

November 24, 2016 by thiha

IFC, a member of the World Bank Group, is helping Myanmar’s government to develop a secured-transactions framework that will allow businesses, especially micro, small, and medium enterprises (MSMEs), to access finance by offering movable assets as collateral, IFC said in a statement on 5 November. This will unlock significant financing for MSMEs, for whom lack […]

Filed Under: Latest News Tagged With: Central Bank of Myanmar, Department for International Development, IFC, IFC Country Manager in Myanmar, Ministry of Industry, Ministry of Planning and Finance, Myanmar Companies, Nay Pyi Taw, Than Than Swe, Union Attorney General Office, United Kingdom, Vikram Kumar, World Bank Group

Post-Sanctions Myanmar the New Frontier for Global Business

October 14, 2016 by thiha

YANGON/TOKYO — The end of long-standing U.S. sanctions on Myanmar companies linked to the former military government is cause for celebration in both countries, opening up a slew of previously off-limits business and investment opportunities. The U.S. Treasury Department lifted all financial sanctions on the Southeast Asian nation Friday after months of dogged appeals by […]

Filed Under: Latest News Tagged With: American Companies, American International Group, asia world, Ayeyarwady Bank, Blocked Persons, Citibank, Executive Chairman Zaw Zaw, Max Myanmar Holding, Mitsubishi Corp, Myanmar Brewery, Myanmar Companies, National League for Democracy, Southeast Asian Nation, specially designated nationals, State Counselor Aung San Suu Kyi, The US Treasury Department, Tokyo, Yangon, Yangon International Airport

Companies face hefty fines for failing to file taxes: IRD’s Aung Myo Oo

May 9, 2014 by thiha

The Internal Revenue Department (IRD) on Tuesday gave a stern warning that companies in Myanmar must file their taxes by June 30, otherwise they stand to face a heavy fine that could be up to 150 times the size of their actual tax bill. “Trying to dodge tax could be a risky task. If they […]

Filed Under: Latest News Tagged With: Aung Myo Oo, Commercial Tax Law, file, Head, Heavy Fine, Internal Revenue Department, IRD, Myanmar Companies, Seikkan Township, Stern Warning, Taxes

Philippines’ Microtel Corporation prepares to invest in Myanmar

October 23, 2013 by thiha

Philippine-based Microtel Corporation is preparing to invest in hotels, real estate and educational services in Myanmar, according to Myanmar Investment Commission (MIC). Jose Mari del Rosario, Chairman of Microtel Development Corporation, visited the Directorate of Investment and Companies Administration (DICA) in Nay Pyi Taw to discuss the rules and regulations regarding their investment. The Microtel […]