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Myanmar Highlights

Myanmar to develop central minerals market

Myanmar to develop central minerals market

  • Myanmar to develop central minerals market
  • UPS to expand airfreight services in Myanmar
  • Turkish Airlines and Myanmar Airways enter into cooperation agreement
  • Korea’s LS Industrial Systems and GE Myanmar execute supply agreement
  • ACO Investment Group to develop solar power plants in Myanmar
  • Myanmar Investment Commission expands list of businesses that can be 100% foreign-owned
  • Ministry of Electric Power to open up hydropower sector to western investment
  • ANZ seeking Myanmar banking licence
  • Russia-Myanmar trade to reach US$500 million a year
  • The Canadian Government considering preferential tariff system for Myanmar
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Intel to provide computers to Myanmar Government

  • Intel to provide computers to Myanmar Government
  • New Myanmar-Thailand barge service established
  • Yangon imposes water supply restrictions on new high rise developments
  • Review of Myanmar’s waterways to be undertaken with Dutch assistance
  • ONGC negotiates production agreements for Myanmar onshore blocks
  • Bashneft International and Sun Apex Holdings Ltd enter into agreement to develop onshore block EP-4
  • Hana Financial Group Inc. establishes micro-finance bank in Myanmar
  • Ayala Land Incorporation to commence work on residential development in 2015
  • Foreign telecom operators will be permitted to erect transmission towers on land leased from the Government
  • Ministry of Commerce proposes to lift restrictions on foreign trading companies
  • Thailand’s PTTP announces commencement of natural gas exports
  • Myanmar Customs announces modernisation measures
  • U.S. Treasury Department grants special Myanmar timbre licences to U.S. companies
  • Japan pledges additional funding for communications development
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Ministry of Energy executes onshore exploration and production agreements

Ministry of Energy executes onshore exploration and production agreements

  • Ministry of Energy executes onshore exploration and production agreements
  • Myanmar and Korea to establish Economic Development Cooperation Fund
  • Japan and Myanmar to launch SME lending programme
  • Telenor Myanmar and Marie Stopes International launch innovative healthcare initiative
  • Ministry of Electric Power announces plans to develop three new gas-fired electricity stations
  • Singapore construction machinery companies establish Myanmar JV
  • Myanmar Petroleum Products Enterprise to invite foreign participation in petrol and diesel distribution market
  • Central Bank announces plans to relax export credit restrictions
  • Ministry of Mines to establish new gem testing facility in Yangon
  • Kasikorn Bank and UMFCCI to cooperate on SME lending scheme

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DICA releases updated information on FDI in Myanmar

DICA releases updated information on FDI in Myanmar

  • DICA releases updated information on FDI in Myanmar
  • UMW Oil & Gas Corporation Bhd to provide drilling rig services to PTTP International
  • Siam Cement to build US$400 million cement plant in Myanmar
  • Central Bank to amend minimum reserve requirements
  • Jade mining operations set to recommence in Kachin
  • San Miguel Corporation and Petron Corporation to consider Myanmar investment
  • KDDI Summit Global Myanmar to invest US$2 billion to help modernise telecommunications network
  • Twenty-two companies submit expressions of interest in proposed LPG project
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Central Bank says between five and ten overseas banks will be issued with licences

Central Bank says between five and ten overseas banks will be issued with licences

  • Central Bank says between five and ten overseas banks will be issued with licences
  • Myanmar to join Extractive Industries Transparency Initiative
  • CPG Corporation to develop a master-plan for Kyaukpyu SEZ
  • Myanmar Airways to be renamed Myanmar National Airways
  • Foreign investment to be permitted in private health care
  • Government pledges support for second phase of Thilawa SEZ
  • Taiwan Cooperative Bank to establish Yangon representative office
  • Myanmar Petrochemical Enterprise announces details of Thanlyin Refinery tender process
  • British Chamber of Commerce to establish in Myanmar
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IMF revises forecast for Myanmar GDP growth

IMF revises forecast for Myanmar GDP growth

  • IMF revises forecast for Myanmar GDP growth
  • Daiwa provides information on Yangon Stock Exchange’s listing requirements
  • Japan to provide additional loans for development of infrastructure and rural electrification
  • Hilton to open five new hotels in Myanmar
  • Millcon Steel and Thiha Group establish Myanmar joint venture
  • ShweTaung Group outlines Junction City development plans
  • The Ministry of Commerce establishes MyanTrade to market Myanmar locally produced value-added products
  • Talks continue on privatisation in Myanmar’s air transportation sector
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Gap Inc. to use Myanmar manufactured textiles

Gap Inc. to use Myanmar manufactured textiles

  • Gap Inc. to use Myanmar manufactured textiles
  • Ministry of Cooperatives enters into MoU with UNDP in relation to microfinance fund
  • Myanmar Oil and Gas Enterprise invites bids to establish a new joint venture
  • Telenor to provide 2G and 3G services and SIM cards on schedule
  • PepsiCo Thailand to import 3,000 tonnes of potatoes from Shan State
  • Myanmar Railways invites expressions of interest in relation to the development of communication towers
  • GEM traders to be required to use designated gem trading bank accounts
  • Shwe Than Lwin Company Ltd applies for local bank licence
  • Korea’s Credit Bureau and Financial Services Commission to help establish ratings system in Myanmar
  • Ministry of Environmental Conservation and Forestry to sell 750,000 logs by public tender
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Gap Inc to use Myanmar manufactured textiles

Gap Inc to use Myanmar manufactured textiles

  • Gap Inc. to use Myanmar manufactured textiles
  • Ministry of Cooperatives enters into MoU with UNDP in relation to microfinance fund
  • Myanmar Oil and Gas Enterprise invites bids to establish a new joint venture
  • Telenor to provide 2G and 3G services and SIM cards on schedule
  • PepsiCo Thailand to import 3,000 tonnes of potatoes from Shan State
  • Myanmar Railways invites expressions of interest in relation to the development of communication towers
  • GEM traders to be required to use designated gem trading bank accounts
  • Shwe Than Lwin Company Ltd applies for local bank licence
  • Korea’s Credit Bureau and Financial Services Commission to help establish ratings system in Myanmar
  • Ministry of Environmental Conservation and Forestry to sell 750,000 logs by public tender
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Ball Corporation to open Myanmar manufacturing plant by middle of 2015

Ball Corporation to open Myanmar manufacturing plant by middle of 2015

  • Ball Corporation to open Myanmar manufacturing plant by middle of 2015
  • Capital Diamond Star Group recognised as ‘Global Growth Company’ by World Economic Forum
  • International Finance Corporation evaluating investment opportunities in Myanmar’s telecommunications sector
  • Samchem Holdings Bhd expanding operations into Myanmar
  • Vietnamese and Myanmar officials meet to discuss cooperation initiatives
  • Government issues tenders in relation to bridge and fly-over projects
  • Operating licences to be issued to foreign banks by the end of September 2014
  • United Pulp and Paper Holdings Limited to invest in Myanmar power projects
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Myanmar Stock Exchange to launch with five listed companies

Myanmar Stock Exchange to launch with five listed companies

  • Myanmar Stock Exchange to launch with five listed companies
  • Shinhwa International considering coal power and duty free projects
  • Nokia to provide support to Ooredoo
  • Small and Medium Industry Development Bank to offer reduced interest loans to SME’s
  • Ministry of Energy invite expressions of interest in relation to jet fuel distribution
  • Myanmar and Indonesia reach visa agreement
  • Philippine’s Universal Robinia Corporation to establish Myanmar joint-venture
  • PureFoods to push Asian expansion
  • Forty-five companies Thilawa investment proposals
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Myanmar Post and Telecommunications and Japans KDDI Corporation to enter into a partnership

Myanmar Post and Telecommunications and Japans KDDI Corporation to enter into a partnership

  • Myanmar Post and Telecommunications and Japan’s KDDI Corporation to enter into a partnership
  • Beer production to meet rising consumption demand
  • Ooredoo and Telenor implement testing and network expansion strategies
  • Myanmar businesses remain concerned about corruption according to a U.N. / UMFCCI poll
  • Construction begins on Daewoo backed Daewoo Amara Hotel
  • Tun Foundation Bank to provide smart banking services using Oracle’s ‘Flexcube Core’ software
  • ASEAN issues ‘Nay Pyi Taw Declaration on the Realisation of the ASEAN Community by 2015’
  • Western Union expands business in Myanmar
  • Vietnam’s FPT enters Myanmar’s telecommunication market
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Myanmar to host 2014 ASEAN Business and Investment Summit

Myanmar to host 2014 ASEAN Business and Investment Summit

  • Myanmar to host 2014 ASEAN Business and Investment Summit
  • Cyanide banned in small scale gold mining
  • Yatanarpon Teleport in public-private partnership discussions
  • Mitsubishi, FMI and Yoma establish elevator joint venture
  • Former Chief Executive Officer of Texas Pacific Group Joins Ex-Light Squared CEO in Myanmar Telecom Venture
  • Development to take place at lands adjacent to Yangon Central Railway Station
  • Ooredoo Myanmar to partner with Rocket Internet
  • Puma Energy selected to build harbour and storage facilities at Thilawa SEZ
  • 7 in 10 Asian firms plan to invest in Myanmar
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