joint ventures

Government allows six JVs among local and foreign insurers

August 13, 2019 by Thiha

The Ministry of Finance and Planning (MOFP) announced the successful applicants for life and non-life insurers to be operated under joint ventures between locals and foreigners on July 31. For non-life insurance, the MOFP has allowed AYA Myanmar General Insurance Company and Sompo Japan Nipponkoa Insurance, Grand Guardian General Insurance Company and Tokio Marine, Nichido […]

Filed Under: Latest News Tagged With: foreign, government, insurers, joint ventures, local, Ministry of Finance and Planning, MOFP, Non-Life Insurance

Local, Foreign Insurance Cos. readying to sell in Myanmar

July 29, 2019 by Thiha

YANGON—Myanmar’s Ministry of Planning and Finance is set to give the go-ahead to joint ventures between local and foreign insurance companies next month. The country’s insurance business regulatory board, which is overseen by the Ministry of Planning and Finance, is currently scrutinizing companies that have submitted requests for proposals (RFP), U Zaw Naing, the board’s […]

Filed Under: Latest News Tagged With: AYA Myanmar Insurance, IKBZ, insurance products, Japan, joint ventures, Life Insurance, local and foreign insurance companies, Ministry of Planning and Finance, United States

Four retail-wholesale JVs permitted to operate

November 2, 2018 by Thiha

Six months after allowing foreign investors to register and participate in the domestic retail and wholesale sector in May, the Ministry of Commerce (MOC) has so far permitted four joint ventures between foreign and local investors Under notification 25/2018 issued on May 9, the MOC allowed 100 percent foreign-owned businesses to operate in the retail […]

Filed Under: Latest News Tagged With: AEON Orange Co Ltd, City Mart Holding Co Ltd, CMCG, Creation Myanmar Group of Companies, foreign investors, Hypermart Asia Co, IFC, International Finance Corporation, joint ventures, Metro AG, Metro Wholesale Myanmar Ltd, Ministry of Commerce, MOC, Myanmar Retailers Association, MYCARE Unicharm Co Ltd, retail and wholesale, SOP, standard operating procedures, Yoma Strategic Holdings

Japanese investors eye retail sector investments in Myanmar

August 27, 2018 by Thiha

Wholesalers and retailers from Japan, Thailand and South Korea met with the Ministry of Commerce (MOC) to discuss investments in the Myanmar retail sector, said U Yan Naing Tun, director general of the Department of Trade under MOC. Among the companies was Japanese retailer Aeon Co, which invested in the Myanmar retail sector under a […]

Filed Under: Latest News Tagged With: Aeon Co, Aeon Orange Company, CMGC, Foreign Companies, Hypermart Asia Co, Japan, joint ventures, list of products, MOC, Myanmar retail sector, retailers, South Korea, standard operating procedures (SOP), Thailand, Wholesalers, Wholly-own wholesale and retail business

Myanmar opening its doors wider

August 27, 2018 by Thiha

REVISED investment laws in Myanmar have been welcomed as offering greater opportunities for Thai companies of all sizes to move into wholesale and retail businesses across the border. Pakainay Leng-ee, minister counsellor at the Thai embassy’s office of commercial affairs in Yangon, yesterday said Thai companies could have ownership in wholesale and retail businesses of […]

Filed Under: Latest News Tagged With: Business Opportunity, foreign investors, joint ventures, Myanmar, Myanmar Opening, Revised Investment Law, Thai, Thai companies, Wholesale and Retail Businesses, Wholly-own company

Chamber backs SMEs to embrace digital technology

July 20, 2018 by Thiha

As small and medium enterprises in Myanmar are facing challenges, the Union of Myanmar Federation of Chamber of Commerce and Industry is encouraging small and medium-sized enterprises to pursue digital competency to ensure their long-term survival, a chamber executive member said in an exclusive interview. Aye Tun, vice president of the chamber’s SMEs Committee and […]

Filed Under: Latest News Tagged With: Aye Tun, bank loans, chamber executive member, chamber’s SMEs Committee, demand, digital technology, Germany’s GIZ, import, instant noodles, Japan International Cooperation Agency, joint ventures, Kasikorn-bank, local businesses, Ministry of Industry, Monywa, Myanmar goods, Myanmar Industries Association, Myanmar longyi, Small and Medium Enterprises, SME entrepreneurs, SMEs, tariff rates, Technology, Thailand, Union of Myanmar Federation of Chamber of Commerce and Industry, Vice-President

Myanmar races to feed a growing Yangon

July 20, 2018 by Thiha

YANGON/BANGKOK — Rapid urbanization in and around Myanmar’s southern city of Yangon has turned up the pressure to develop goods and services that can meet the rising demand. The gap has provided an opening for companies in one of Southeast Asia’s least-developed countries. Local real estate and construction conglomerate Dagon International set up a modern […]

Filed Under: Latest News Tagged With: Bangkok, cargo railway, Chairman U Win Aung, Chief Executive Officer, China, City Mart Supermarket, Dagon International, Economic Growth, foreign-owned companies, Japanese food trading house Kokubu Group, Japanese trading house Sojitz, joint ventures, real estate and construction conglomerate, Serge Pun & Associates, Shan State, singapore, small trucks, Tokyo, urban development bureau, Win Win Tint, World Bank data, Yangon

New retail directive well-received, but raises unanswered questions

June 5, 2018 by Thiha

Myanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, […]

Filed Under: Latest News Tagged With: agricultural commodities, Allen & Gledhill Myanmar, CEO, city mart, City Mart Holding Co, Companies Law, Condominium law, Daw Cho Thet Mu, Daw Win Win Tint, Department of Trade, Director, education, foreign investment, foreign investors, foreign ownership, Foreign Retailers, foreign-owned companies, India Myanmar Chamber of Commerce, Investment Law, joint ventures, local businesses, Managing Director, mini-markets, Ministry of Commerce, MOC, MOC permission, president, regulations, retailers, Rules, U Min Naing Oo, U Minn Naing Oo, U Zaw Min Win, Union Myanmar Federation Chamber of Commerce, Wholesalers

Myanmar Investment Full Year Net Asset Value Increases Over 20%

October 3, 2017 by Thiha

LONDON (Alliance News) – Myanmar Investments International Ltd said on Monday its full year net asset value increased 20.3% year-on-year to USD29.2 million as its loss widened due to costs relating to joint ventures and operating expenses. Myanmar Investment’s pretax loss widened to USD2.8 million in the financial year ended March 31 from USD2.2 million […]

Filed Under: Latest News Tagged With: AIM listed company, Apollo Towers, Economic Growth, joint venture micro-finance company, joint ventures, Managing Director Aung Htun, military rule, Myanmar Finance International Limited, Myanmar Investments International Ltd, net asset value, operating expenses, retail franchise business, telecommunication tower companies

Union budget funds to go on housing projects in Ayeyawun and Yadana

August 28, 2017 by Thiha

Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private companies under joint ventures. The chairman of the Myanmar Construction Entrepreneurs Association submitted a proposal to Vice-President Myint Swe that the government provide more […]