Myanmar stocks surge on hope of foreign funding

Expectations are growing for an influx of foreign investment into Myanmar two months after local authorities said they would lift restrictions to allow overseas investors to trade shares of locally listed companies. The Myanmar Stock Price Index or Myanpix surged 10% in August, despite the turmoil in global markets, on such expectations. Indeed, local investors […]

Firm accused of cheating investors changes name, stays in business

The Malaysian-owned company that swindled millions of dollars from local investors has changed its name and is now being run by two Myanmar people, U Kyaw Swa Hein, a former director of the firm has told the media. The owners of Myanmar Junwell Global Co. Ltd – Loh Yun Poh, alias Mr. Alan, Wong Jyh […]

Government grants land concessions for local hotel projects

Myanmar Investment Commission has granted land concessions to two local companies to invest in hotel businesses in Mandalay Region – including the historic Bagan site – in the latest move to encourage local enterprises to invest in the hotel and tourism sector. Win & Win Company was granted concession for 17 acres in Amarapura Township […]