Myanmar Company plans Thai listing

A tourism-related firm in Myanmar with expected market capitalisation of 10 billion baht is poised to raise funds from a primary listing on the Thai stock market in 2016. Twin Pine Consulting is the financial adviser, managing director Adisorn Singhsacha said yesterday. The company is considering fund-raising options for the Myanmar company. The Securities and […]

Securities rules ready for Yangon Stock Exchange

The final version of the rules and regulations for securities exchange are now ready, Deputy Finance Minister Dr Maung Maung Thein told reporters at the Yangon-based state-owned Myanma Insurance office on November 16. The rules have been prepared ahead of the opening of the Yangon Stock Exchange tabled for October 2015. “There are a total […]

Forum to help implement business reform

The newly formed Myanmar Business Forum aims to provide a space for local entrepreneurs to meet and discuss business issues with the president. The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said that the forum, formed by private entrepreneurs and government bodies, will allow local traders to present reports and will […]

Insurance companies warned to follow rules or lose license

The Insurance Scrutiny Board has threatened to revoke the licenses of private insurance companies if they are found guilty of breaking rules and regulations. An amount of US$ 46 million needs to be deposited with the Myanmar Economic Bank to establish a private insurance company. 60 percent of the sum is used for company operations […]

Government to reduce restrictions on business sector by March

The government is planning to reduce restrictions on the business sector in March this year, Tin Maung Than, director of the Myanmar Development Research Institute/Centre for Economic and Social Development (MDRI/CESD) told a press conference on sub-national governments and business in Myanmar held at IBC yesterday. Investors who want to do business in Myanmar have […]

Channel NewsAsia launches Yangon bureau

YANGON: Channel NewsAsia held its Business Insights Seminar in Yangon on Thursday as part of the official launch of its Yangon bureau. Participants agreed that laws in Myanmar are still vague and uncertain, despite progress made in the legal environment. But many are still optimistic about the business opportunities the country has to offer. Launching […]

Telecom companies still waiting for operating licenses

The Myanmar Investment Commission (MIC) has yet to issue telecom licences to two foreign operators who were only recently awarded investment permits after winning a competitive tender in June 2013. Norwegian company Telenor and Qatar-based Ooredoo were both declared winners of a bid that granted them permission to provide private telecom services to Myanmar but […]

Myanmar Carlsberg company prepares to start operation

BAGO – Myanmar Carlsberg company is preparing to invest in Bago industrial zone, sources say. Myanmar Carlsberg’s Finance and Business Planning Director Mr. Dheeraj Mishra met with Director General of Directorate of Investment and Companies Administration (DICA) Aung Naing Oo on December 18 to discuss about the required rules and regulations to make investment. Myanmar […]

Foreign investment increases in hotel industry

Companies from EU, Thailand and Singapore are planning to make investment in Myanmar hotel industry, according to Director General Aung Zaw Win from Ministry of Hotel and Tourism. The negotiations are already discussed but the plans have been delayed because they are studying the current situations. “There are discussions about the investment in hotel industry […]