Puma Energy JV expands $10 mln capital for aviation fuel services in Myanmar

National Energy Puma Aviation Services Company, which is joint venture between Singapore-based Puma Energy and Myanmar Petroleum Products Enterprises under the Ministry of Electricity and Energy, made capital expansion of over US$10.204 million in aviation fuel import, storage and distribution businesses, according to the Directorate of Investment and Company Administration (DICA). “The government holds more […]

CBM to monitor Myanmar investment overseas

The Central Bank is hoping the new government will support a law that requires all residents with overseas bank accounts to submit regular reports to the monetary authority, which would allow it to collect better data on capital flows, offshore holdings and Myanmar investment overseas. Under the Foreign Exchange Management Law, residents and companies are […]

Foreigners May Soon be Able to Trade Goods in Myanmar

There are plans to allow foreign investors to trade goods inside Myanmar, a sector currently under heavy restrictions, said Dr Maung Aung, permanent secretary of the Ministry of Commerce, but he conceded that the exact time when this will come into effect has not been determined. Foreigners are allowed to sell finished products out of […]