Mandalay draws $660m as tourism FDI surges


Myanmar’s hotel and tourism sector has attracted a record $2.56 billion in foreign investment in 2014, according to the Ministry of Hotel and Tourism. Last year has been the fourth record year for foreign investments in the tourism sector with $1.91 billion investment in 2013, $1.41 billion in 2012 and… Read more »

SEC to require 10% collateral for YSX

Companies that want to list in the upcoming Yangon Stock Exchange (YSX) will have to put aside 10 per cent of their initial investment as a form of collateral under the name of Securities and Exchange Commission (SEC), according to deputy finance minister Dr Maung Maung Thein. The requirement is… Read more »

Thonburi to invest $100m in hospital construction

Thailand’s Thonburi Hospital Group (THG) said it expects to sign a memorandum of understanding with local firm Ga Mone Pwint to construct two hospitals in Myanmar. Dr Boon Vanasin, owner of Thonburi Group, said THG will invest $ 100 million and expects to take a 40 per cent stake in… Read more »

Japfa buys Best Livestock stake in Myanmar JV

Singapore listed pan-Asian, industrial agri-food company Japfa Ltd has bought out the minority partner in its Myanmar joint venture poultry firm for US$5.7 million. Currently Japfa through its wholly owned subsidiary Japfa Myanmar JV Pte Ltd owns 85% in the Myanmar JV company – Japfa Comfeed Myanmar Pte Ltd (JCMA). … Read more »

SEC seeks bids from service providers for Yangon Exchange

The Securities and Exchange Commission (SEC) has invited applications for service providers for the prospective Yangon Stock Exchange, setting February 27 a deadline for submission of applications. The commission will grant four kinds of services licences – underwriters, dealers, brokers and consultants, prescribing different levels of capital requirement for each,… Read more »

IVL establishes Myanmar packaging subsidiary

Indorama Ventures PCL (IVL) said that its 100 percent subsidiary IVL Singapore Pte Ltd, has approved the investment in Myanmar by establishing a packaging business, Indorama Ventures Packaging (Myanmar) Ltd. The registered capital is K4.7 billion ($4.6 million), divided into 4.7 million shares at K1,000 each, the firm said in… Read more »

Auto site rounds up record breaking year for Myanmar tech startups

Yangon-based tech startups are drawing record levels of venture capital investments with fresh seeding rounds by angel investors from around the world. Capitalising on the digital revolution of startups in Yangon’s booming technology sector, new figures show the year 2014 has been a splendid year for Myanmar startups. MyanmarCarsDB, operated… Read more »

Myanmar opening banking doors

Foreign banks are about to make a return to Myanmar after an absence of more than 50 years, in a move that is intended to support foreign direct investment (FDI) but may also pressure domestic lenders to raise their game. At the beginning of October, Myanmar announced it was granting… Read more »

Hayleys Advantis Signs Myanmar JV

Hayleys Advantis, the transportation and logistics arm of Hayleys Group, has entered into a joint venture in Myanmar with Kusuhara Transportation Co Ltd of Japan and Myanmar Sedate Shipping & Logistics Co Ltd, the Sri Lankan firm said. The new JV is expected to further strengthen the logistics operations of… Read more »

NVE to help develop hydropower in Myanmar

Norconsult has recently signed a new contract with the Norwegian Water and Energy Directorate (NVE) and will provide in-house consultants work to the Ministry of Electric Power in Myanmar, the Norway-based company said. The firm will assist the ministry in performing a feasibility study of a new 100-150MW hydropower plant. The… Read more »