Military controlled UMEHL Among 29 Firms Changing to be Normal Companies

​​ ​​ Some 29 firms accepted as special companies under two old laws have been allowed to change to just be companies under the 1914 Myanmar Companies Act, the Ministry of Planning and Finance has said. The firms include the Union of Myanmar Economic Holdings Ltd (UMEHL) – the Tatmadaw’s economic arm – plus subsidiaries […]

Joint venture to invest Ks 32 billion in stock exchange

A joint venture between Japan’s Daiwa and a local Myanmar company still to be disclosed will invest Ks 32 billion to establish a stock exchange in Myanmar. The Deputy Minister for Finance Maung Maung Thein told media on Saturday that the Myanmar company will retain 51 percent shares while Daiwa will retain the rest. “The […]