working capital

Singapore Myanmar Investco in share sale agreement to dispose unit for US$10.8m

June 22, 2018 by Thiha

MAINBOARD-listed Singapore Myanmar Investco (SMI) on Monday announced that its subsidiary, Myanmar Infrastructure Group (MIG), has entered into a US$10.8 million share sale agreement with Tiger Infrastructure for the proposed disposal of its 99.9 per cent-owned indirect subsidiary, TPR Myanmar. TPR, which was incorporated in Myanmar in 2014, is a subsidiary of MIG, and the […]

Filed Under: Latest News Tagged With: Auto Services, bank loans, debts, Duty Free, food and beverage, general meeting, leases, MIG, Myanmar Infrastructure Group, Ordinary Shares, Port, power equipment stock, Singapore cent, Singapore Myanmar Investco, SMI, Telecommunication infrastructure, Tiger Infrastructure Myanmar Co, TIM, tower stock, TPR Myanmar, travel and fashion retail, Warehouse, working capital

Construction sector under threat from high tax, interest rates

January 31, 2018 by Thiha

Unreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, vice chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday. Capital gains tax on the sale of a property in Myanmar is currently 30 percent, which is deterring activity in […]

Filed Under: Latest News Tagged With: bank loans, Central Bank of Myanmar, chair of the Young Developer Association, Condominium Rules, Construction Sector, Financial Statements, high tax, Interest Rates, MCEA, Ministry of Planning and Finance, Myanmar Construction Entrepreneur Association, Parliament, Parliament session, property, real estate, tax revenues, U Myo Myint, U Shein Win, Union-level discussions, wages, working capital

Fifth firm to list on stock exchange next week

January 23, 2018 by Thiha

TMH Telecom Co will commence trading on the Yangon Stock Exchange (YSX) on January 26, YSX senior executive manager U Thet Tun Oo said. TMH Telecom will be the fifth company to list on the exchange, joining First Myanmar Investments Co, Myanmar-Thilawa SEZ Holdings, Myanmar Citizens Bank and First Private Bank. According to the YSX, […]

Filed Under: Latest News Tagged With: Chinese telecommunications service providers, deputy minister for Planning and Finance, First Myanmar Investments Co, First Private Bank, Huawei, Initial Public Offering, IPO, mandalay, mpt, Myanmar Citizens Bank, Myanmar Stock Price Index, Myanmar Thilawa SEZ Holdings, MYANPIX, Shan regions, share prices, stock exchange, the Yangon Stock Exchange (YSX), TMH Telecom Co, U Maung Maung Win, U Thet Tun Oo, working capital, YSX senior executive manager, ZTE Corporation

Unblocking the path to capital freedom for SMEs

September 21, 2017 by Thiha

Myanmar’s financial sector must progress towards becoming more inclusive of small and medium enterprises (SMEs), which form the backbone of the country’s economy, but face difficulties obtaining access to funds for expansion and growth. “We need to liberalise the financial sector to encourage start-ups and support SMEs. This involves integrating the full-range of financial services […]

Filed Under: Latest News Tagged With: American Chamber of Commerce, business plan, Central Bank Rules, Daw Thet Thet Khine, DBS Bank, education program, equipment, Eric Rose, financial sector, Financial Statements, HRMR, inventory, investors, law firm Herzfeld & Ruben, lead director, lenders, Member of Banks, Member of Parliament, microfinance and banking, Monetary Affairs Development Committee, real estate, singapore, Small and Medium Enterprises, SMEs, working capital