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FDI companies can trade on YSX

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 […]

Fuel pump prices decline upon news foreign investment in this sector

On the news of the entrance of more international players in the fuel retail market, Myanmar’s pump prices declined in early July, according to a report in Myawady Daily newspaper, yesterday. Octane 92 and diesel prices declined from Ks720 to Ks670 a liter. Fuel prices at the pump correlated with lower prices at Myanmar’s ports. […]

Twenty-seven new piers planned in Thilawa SEZ by 2020

Construction of 27 piers in Thilawa Special Economic Zone (SEZ) will begin this year for completion by 2020, according to a report in yesterday’s Myawady Daily newspaper. Some piers are used for general cargo while others are designated for specific goods. Five piers are expected to be completed by 2018. Six new piers were established […]

Myanmar businessmen propose Muse FX exchange for China trade

Myanmar businessmen are lobbying the government to open a new state-run foreign exchange bank near Muse Trade Zone in response to China’s recent closures of Myanmar traders’ bank accounts along the Yunnan border, according to a report of Myawady Daily newspaper yesterday. In an effort to crack down on illegal gambling, smuggling and other illicit […]

Plans for new rubber plant discussed in Thaton Township

Ministry of Industry and Thaton Township officials discussed plans to build a new rubber manufacturing plant in the Mon State, according to a report Myawady Daily newspaper. The plan for the No. 21 Heavy Industry Tyre and Rubber Factory – including the need for agricultural land leases, new manufacturing methods to produce good quality rubber […]

Domestic Cement Production Reduces Imports This FY

New foreign competitors in the domestic cement industry have reduced demand this fiscal year for more expensive cement imports into Myanmar, according to a report on Wednesday in Myawady Daily newspaper. Import volume of cement in the past two months declined 60 per cent compared to the same period last year, said U Khin Maung […]