Advans Myanmar and Yoma Bank enter into microfinance funding agreements worth US$1.4 million

Australian PanAust Group granted exploration licences under Myanmar’s new Mining Law

Seven telecom companies submit expressions of interest in becoming Myanmar’s fourth mobile operator
Central Bank of Myanmar names international banks shortlisted in second foreign-bank licence bidding round
Edotco Group to invest US$200 million to construct 5,000 new telecom towers in Myanmar
Government and JGC Corp. led consortium reach agreement to develop Hanthawaddy International Airport
Asian Development Bank and International Finance Corporation to provide US$300 million loan to Ooredoo Myanmar

Kanbawza Group aiming to establish private OTC market
Government approves issue of cross-border transport licences to 28 Myanmar companies
Kospa Cold Chain Logistics opens US$5 million multi-temperature storage facility in Yangon
Telenor and Yoma to launch mobile payment service

Mitsui Oil Exploration acquires 10% interest in Myanmar onshore block MOGE-3
Yoma Strategic Holdings and Mitsubishi to establish new distribution joint venture
Foreign nationals to be permitted to purchase YSX-listed shares
Jardine CM Restaurant Group announces expansion plans of Pizza Hut franchise
Soe Electric and Machinery and Hitachi establish new joint venture company
Telenor enters into construction MoU with OCK Group and King Royal Technologies Ltd

Centralised rubber market to be established at Mawlamyine
Marsh Singapore establishes Myanmar representative office
South Korea’s LS Cable wins transmission cable contract from the Ministry of Electric Power
Lotte E&C and Halla Corporation seek to develop Yangon expressway
Norfund to take a 25% share in Myanmar Finance International Ltd
Myanmar Investment Commission to delegate power to state authorities

Central Bank of Myanmar cancels foreign exchange licences to protect struggling Kyat
Bumrungrad and Yangon International Medical Services to establish clinic in Myanmar
Adidas to source footwear from new Myanmar manufacturing facility
Green Power engages Black & Veatch to provide design services on solar power plant project
Proximity Designs to distribute new affordable solar powered irrigation pump to rural Myanmar
London School of Marketing to establish ‘local access point’ in Myanmar
Atos SE and Myanmar Millennium Group enter into IT service partnership agreement

The Yangon Stock Exchange (YSX) has issued preliminary information on its proposed listing rules.
World Bank provides US$7 million convertible loan to Myanmar Oriental Bank
Government executes new concession agreement in relation to Dawei SEZ
Myanmar and Thailand sign reciprocal visa exemption agreement
PTTEP International to carry out additional surveys in Zawtika offshore area

Myanma Economic Holdings Ltd to acquire Fraser & Neave Ltd.’s share in Myanmar Brewery Ltd
MOGE invites proposals in relation to the development of new offshore supply facility
Myanmar’s National Minimum Wage Committee to consider submissions from garment manufacturers and workers groups
Government to award fourth telecom licence to Myanmar-foreign joint venture
Government to award fourth telecom licence to Myanmar-foreign joint venture
Myanmar’s Ministry of Hotels and Tourism announces details of development plans for Ngwesaung region
Mobimedia to launch ‘mJams’ music app in Myanmar

Citigroup and Standard Chartered to advise Government on international credit rating
Vietnam’s Technology FPT Co Ltd awarded licence to provide fixed telecoms and internet services
India’s Sohal Lal and United Amara Bank enter into collateral financing MoU
Upgrades at General Electric- Sembcorp gas power plants to be completed by the end of October
Myanmar, China and Thailand to develop hydropower dam on the upper Thanlwin River
MPPE issues invitation to tender in relation to the formation of a joint venture in Myanmar
Kanbawza Bank and Taiwan’s Cathay United Bank enter in MoU
Tata Group establishes the Overseas Agro Traders’ Association of Myanmar
Myanmar Investments International Ltd raises US$19.94 million to invest in new Myanmar projects
Hitachi and Soe Electric establish new Myanmar joint-venture

Myanmar Ministry of Electric Power announces cancellation of proposed Yangon coal-fired power plant
KFC opens first Myanmar branch, Pizza Hut to follow
WeChat launches in Myanmar
State Bank of India established Myanmar representative office
Thailand’s Osotspa drinks company enters into distribution agreement with the Loi Hein Group
Myanmar National Airlines announces details on new Yangon-Singapore service
IMF warns Myanmar on risks of overheating economy

Gap Inc. triples Myanmar output in first year of production
Naim Indah City Development Co. to construct 32-storey Yangon office tower
Government earns US$170 million monthly from gas exports
U.S. Overseas Private Investment Corporation to provide US$250 million to Apollo Towers Myanmar
Saha Group postpones plans to establish Myanmar industrial estate
Myanmar Government to provide additional funding for the development of domestic airports
Myanmar Rice Federation to target rice exports to Europe

Myanmar to join Asian Infrastructure Investment Bank
Myanmar Central Bank urges Government to reduce dollar use
Sompo Japan Nipponkoa received approval to provide insurance in Thilawa SEZ
UPS to expand Myanmar operations
Marubeni Co., Eden Group and Petroleum Authority of Thailand to develop gas-fired power plant to service Thilawa SEZ
Yoma Strategic Holdings and Education Index Management to establish international school in Yangon

Chevron and MOGE execute production sharing contract in relation to offshore block A-5 in the Rakhine basin
Central Bank of Myanmar proposes to solve foreign exchange gap
PT Pertamina Ltd conducting feasibility study in relation to the establishment of Myanmar gas stations
Myanmar Customs Department announces plans to introduce new cargo clearance system
Myanmar Petroleum Exploration and Production Company, BG Exploration & Production and Woodside Energy enter into offshore PSCs
Asian Development Bank forecasts 8.3% growth spurt for Myanmar