Singapore’s Oxley Signs Deal on Myanmar Project


A subsidiary of Singaporean property developer Oxley Holdings has signed an agreement on a Myanmar project to develop a property in its commercial hub Yangon, Oxley Myanmar will build a 20-storey commercial and residential development, Min Residence, in Mayangon township in northern Yangon. The project, which will be on a… Read more »

Myanmar’s Oil and Gas Blocks: Contracts, Compliance and Licensing Issues

Myanmar is a fertile and resource-rich country strategically located in the heart of Asia. Although Myanmar has great potential for business investment, so far it remains a largely untapped market – rich in natural resources and a young population ready to work. According to proven records, Myanmar commands reserves of… Read more »

Myanmar firm gets $85-m financing for rollout

Pan Asia Majestic Eagle Limited (PAMEL), an independent provider of telecommunications infrastructure in Myanmar, has signed the first ever, non-recourse, cross border financing in Myanmar, the firm said. The facility agreement provides $85 million of financing to support its rollout of tower site infrastructure in Myanmar. This facility was arranged… Read more »

Myanmar grants licenses to foreign banks

Myanmar’s Central Bank has awarded “preliminary approval” for nine foreign banks to operate in the country, signaling its intentions to open up its long closed economy, and connect with the rest of the the world. A total of 25 foreign banks applied for the licenses, and the Central Bank of… Read more »

Bangkok Bank granted license in Myanmar

Bangkok Bank (BBL) is granted preliminary approval by Myanmar’s Licensing Committee before preparing for its operations in Myanmar. BBL is the only Thai bank among nine Foreign Banks, which have received the licenses today. Other banks comprise Australia and New Zealand Banking Group Limited (ANZ), Bank of Tokyo-Mitsubishi UFJ (BTMU),… Read more »