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Myanmar Highlights

International Finance Corporation to provide US$13.5 million loan to United International Group Ltd

International Finance Corporation to provide US$13.5 million loan to United International Group Ltd

  • International Finance Corporation to provide US$13.5 million loan to United International Group Ltd
  • USAID guarantees US$10 million in microfinance loans to the agricultural sector
  • KBZ Group to list IKBZ Insurance on Yangon Stock Exchange
  • PTTEP enters into engineering, procurement, construction and installation agreements with PT Gunanusa Utama Fabricators
  • Singapore’s Group Lease to partner with Myanmar’s AMK to provide financial services
  • Myanma Oil and Gas Enterprise to engage Roland Berger to draft offshore supply base tender
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Yoma Strategic Holdings to restructure and consolidate its tourism assets

Yoma Strategic Holdings to restructure and consolidate its tourism assets

  • Yoma Strategic Holdings to restructure and consolidate its tourism assets
  • Thailand’s Group Lease acquires majority share in Myanmar’s BG Microfinance
  • Myanmar Investments International raises over US$4.2 million to fund Myanmar Investments
  • Shwe Taung Group and Keppel Land to cooperate on Junction City development
  • Myanmar Agricultural Development Bank to come under Finance Ministry control
  • Ooredoo Myanmar and Nokia launch first 4G service in Myanmar
  • Myanmar Investment Commission issues permits to five new apparel manufacturers
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Siamgas to acquire 30% share in Mon State gas-fired power plant

Siamgas to acquire 30% share in Mon State gas-fired power plant

  • Myanmar Electric Power Enterprise names Ethos Energy as winner of Ywama power plant tender
  • Vietnam’s FPT Corporation to invest in Myanmar financial switching system
  • Myanmar’s Department of Civil Aviation signs MoU with Aireon LLC
  • Myanmar Investment Commission issues warning in respect of reporting requirements in Myanmar
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KBZ Bank announces Southeast Asian expansion plans

KBZ Bank announces Southeast Asian expansion plans

  • Myanmar Agribusiness Public Corporation to list on the YSX by the end of August 2016
  • AGD Bank enters into partnership arrangement with Thailand’s ‘TrueMoney’
  • Bank for Investment and Development of Vietnam plans to become one of the leading foreign banks in Myanmar
  • Royal Express to open branches in Thailand, Singapore and Malaysia
  • International Finance Corporation assisting Myanmar develop new ‘leasing law’
  • Burger King opens at new Yangon International Airport Terminal 1
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International Finance Corporation to invest US$3 million in ‘Oway Ride’

International Finance Corporation to invest US$3 million in ‘Oway Ride’

  • Pact Global Microfinance Fund to utilise Southtech’s software in microfinance operations
  • KBZ Gateway to provide new platform for high-speed satellite communication services in Myanmar
  • European Commission to negotiate aviation agreement with ASEAN
  • Myanmar Citizens’ Bank to list on Yangon Stock Exchange
  • Myanmar Central Bank to continue to encourage the use of Kyat in local transactions
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Myanmar Thilawa SEZ Holdings becomes second company to list on Yangon Stock Exchange

Myanmar Thilawa SEZ Holdings becomes second company to list on Yangon Stock Exchange

  • CNN and SkyNet to launch 24 hour Myanmar-language news channel
  • Kanbawza Bank opens Thai representative office
  • United GP Development to partner with Soilbuild on Kabaraye Pagoda Road condominium project
  • Central Bank’s Foreign Exchange Management Department to introduce electronic bidding before the end of 2016
  • Dulwich College to open two new international schools in Yangon
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Viettel to invest US$1.5 billion in Myanmar

Viettel to invest US$1.5 billion in Myanmar

  • Chevron Corp seeking buyers for Myanmar gas assets worth US$1.3 billion
  • Telenor launches a US$50,000 study programme to support and develop start-ups in Myanmar
  • YCDC introduces new rules in respect of mandatory parking for new markets and shopping centres
  • International Finance Corporation provides loan for Myanmar industrial port development
  • Myanmar among fastest-growing nations according to IMF report
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Myanmar Investment Commission issues additional restrictions on foreign investment in Myanmar

Myanmar Investment Commission issues additional restrictions on foreign investment in Myanmar

  • Ajinomoto Co. to re-enter Myanmar after 16 year absence
  • Andaman Capital Partners advising the Sagaing Government on the development of 80 MW solar-power project
  • Sembcorp Utilities and Ministry of Electric Power enter into power purchasing agreement
  • Myanmar Railways to proceed with redevelopment of Yangon Central Railway Station
  • Texchem Resources establish new marine food join venture with Myanmar partners
  • Mitsui & Co and Behn Meyer Group establish fertilizer joint-venture
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Central Bank of Myanmar issues four banking licences to foreign banks

Central Bank of Myanmar issues four banking licences to foreign banks

  • Kanbawza Bank and Yangon Stock Exchange agree on settlement and clearing operations
  • CB Securities to use Thomson Reuters trading platform for YSX
  • The Ministry of Electric Power enters into MoU with China Three Gorges International Corporation
  • Ooredoo launches “Site Pyo” app for farmers
  • UKEF launches $300-m Myanmar credit facility
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