Max Myanmar

Myanmar’s fuel market: from fanfare to standstill

June 10, 2019 by Thiha

IN JULY 2017, Frontier reported on the longstanding frustration among drivers in Myanmar at the poor quality of fuel sold at local stations. Just a few months earlier, the Myanmar Investment Commission had abolished a requirement that foreign investors in the sector partner with the Ministry of Energy and Electricity. The larger local players were […]

Filed Under: Latest News Tagged With: CNPC, Edwin Vanderbruggen, EuroCham Myanmar, foreign investment, Fuel, KBZ Group, Kyaukphyu, Max Myanmar, Ministry of Electricity and Energy, Myanmar investment commission, Myanmar Port Authority, National Infrastructure Holding Company, petrol, Phyo Min Thein, PTT, Puma Energy, Shell, ThilawaShwe Taung Group, Total, VDB Loi, Yangon Petrol

53 companies express interest in building Yangon’s ring road

July 6, 2018 by thiha

A total of 53 local and international companies/ consortiums are interested in the 47.5-kilometre elevated ring road in Yangon, the Ministry of Construction announced on July 4. On May 18 last year, the Ministry of Construction (MOC) invited local and foreign investors to submit Expressions of Interest (EOI) for the construction of an elevated four-lane […]

Filed Under: Latest News Tagged With: Capital Development, Downtown Yangon, International Finance Corporation (IFC), JFE Engineering Corporation, marubeni, Max Myanmar, Mingalardon Industrial Park, MInistry of Construction, MTSH, public-private partnership (PPP), Shwe Taung, Sojitz Corporation, Sumitomo Corporation, Yangon International Airport, Yangon Port, Yangon-Mandalay highway

International partnerships drive transparency among Myanmar companies

March 30, 2018 by Thiha

Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]

Filed Under: Latest News Tagged With: Anti-Corruption Commission, AYA Bank, city mart, City Mart Holdings, Companies Act, Dagon Group, DICA, Directorate of Investment and Company Administration, First Myanmar Investment Group, First Private Bank Ltd, FMI, Grand Guardian Insurance, IFC, International Financial Corporation, International partnerships, Ireland, KBZ Group, Max Myanmar, MCRB, MPRL, Ms Bowman, MTSH, Myanmar Citizens Bank Ltd, Myanmar Companies, Myanmar enterprises, Myanmar Thilawa SEZ Holding, Nicolas Delange, Norway, Parami, Pwint Thit Sa report, Securities and Exchange Commission, Securities Exchange Rules, Serge Pun & Associates, Shwe Taung, SMART, SPA, Switzerland, the Netherlands, TMH Telecom Public Co, UK, Yangon Stock Exchange, YSX

Our leaders should ask for more financial support: Dr Thaung Han

June 27, 2017 by thiha

Dr, Thaung Han told The Myanmar Times in an interview that Myanmar’s leaders should be bolder in asking for loans and financial assistance from international financial institutions. Dr Thaung Han is an adviser of Max Myanmar Holding Co. Max Myanmar operates vehicles and heavy machinery trading and is involved in a wide range of sectors, […]

Filed Under: Latest News Tagged With: 12-point economic policy, adviser of Max Myanmar Holding Co, Asian Development Bank (ADB), China, Daw Aung San Suu Kyi, Dr Thaung Han, Foreign direct investments (FDI), International Monetary Fund (IMF), Japan International Cooperation Agency (JICA), Max Myanmar, Myanmar, Thailand, Vietnam, World Bank

Rangoon Drafting Master Plan for Controversial Projects in Mya Kyun Tha

May 24, 2017 by thiha

RANGOON — City officials are now drafting a master plan for multiple suspended construction projects on the site of a public garden occupying a peninsula in Rangoon’s Inya Lake. Four companies—Magic Land (which leased 13.864 acres), Nayla Pwint (2.686 acres), Ryu Ji (1.377 acres) and Mandalay Golden Wing (1.83 acres)—had been constructing projects of up […]

Filed Under: Latest News, Property Report Tagged With: Edin, Good Shan Brothers, Kabar Aye Pagoda Road, Magic Land, Mandalay Golden Wing, Max Myanmar, Mayor U Maung Maung Soe, Mya Kyun Tha Garden, Myanmar Golden Star, Myanmar Plaza Shopping Mall, Nayla Pwint, Rangoon, Rangoon Inya Lake, Ryu Ji, Sedona Hotel, Yangon City Development Committee, YCDC

Myanmar’s Stock Exchange Struggles a Year After Launch

April 6, 2017 by thiha

YANGON — Housed in a stately colonial building at the heart of Myanmar’s financial district sits the Yangon Stock Exchange, which amid great expectations opened its doors as the country’s first bourse a year ago this month. Fast forward to today, and the exchange, known as YSX, is struggling. With only four listed issues, […]

Filed Under: Latest News Tagged With: City Mart Group, Deputy Minister for Planning, Finance Maung Maung Win, First Myanmar Investment, First Private Bank, Japan Daiwa Institute of Research, Japan Exchange Group, Max Myanmar, Myanmar Citizens Bank, Myanmar Thilawa SEZ Holdings, Yangon, Yangon Stock Exchange, YSX

Myanmar and ASEAN A Great Unknown to Trump

March 31, 2017 by thiha

Eric Rose is lead director of Herzfeld Rubin Meyer & Rose (“HRMR”), the first US law firm established in Myanmar. HRMR is a founding member of the American Chamber of Commerce Myanmar, and Mr Rose serves on its Executive Committee, and also chairs its HR Committee. In an exclusive interview with the Myanmar Times, he […]

Filed Under: Latest News Tagged With: AMCHAM, American Chamber of Commerce Myanmar, American financial institutions, asean, asia world, Australia, Cambodia, Canada, central bank, China, commerce, Company Administration, Congressional Budget Office, Daw Suu, DICA, Directorate of Investment, Donald Trump, Eric Rose, Executive Committee, Financial Crimes Enforcement Network, First US Law Firm, Foreign Narcotics Kingpin Designation Act, GNP, Herzfeld Rubin Meyer, HRMR, India, Laos, Malaysia, Max Myanmar, Myanmar economy, Myanmar Times, Naing Ngan Jar Thar, OFAC, Office of Foreign Assets Control, philippines, President Barack Obama, Rex Tillerson, Rose, Secretary of Commerce, secretary of state, Secretary of the Treasury, singapore, specially designated nationals, State Departments, Steven Law, Steven Mnuchin, Tatmadaw, The American Chamber of Commerce in Myanmar, U Tay Za, U Thin Kyaw, U Win Thein, U Zaw Zaw, United Wa, US Burma Sanctions, US Chamber of Commerce, US Treasury Department, Vietnam, Western Banks, Wilbur Ross, World Bank, Yangon University of Economics

US terminated remaining sanctions against Myanmar on 7 Oct 2016

October 8, 2016 by thiha

On 7th October 2016 – President Obama signed the Executive Order to terminate the remaining economic and financial sanctions against Myanmar that make it very difficult for US banks, financial institutions and companies to do business with Myanmar. That means the following group of people and entities have been removed from the US Sanction List […]

Filed Under: Featured Stories Tagged With: asia world, deletion, Executive Order, Htoo Group, Khin Shwe, Max Myanmar, OFAC, President Obama, sdn list, Steven Law, Tay Za, termination, US sanction, Zaw Zaw, Zaykabar

Complete List of 204 entities and individuals removed from the US Sanction List for Burma

October 8, 2016 by thiha

The following deletions have been made to OFAC’s SDN List for Burma as of 7/10/2016: STATE PEACE AND DEVELOPMENT COUNCIL OF BURMA [BURMA]. SHWE, Than; DOB 02 Feb 1935; alt. DOB 02 Feb 1933; nationality Burma; citizen Burma; Senior General, Minister of Defense and Commander-in-Chief of Defense Services; Chairman, State Peace and Development […]

Filed Under: Featured Stories Tagged With: asia world, deletion, Htoo Group, Khin Shwe, Max Myanmar, Myint Htay, OFAC, sdn list, Steven Law, Tay Za, termination, US sanction, Yuzana Group, Zaw Zaw, Zaykabar

Time to re-look your investment plan in Myanmar as Obama pledges to lift all remaining sanctions against Myanmar

September 15, 2016 by thiha

President Obama this morning pledge that the US will lift all remaining sanction s against Myanmar after meeting Daw Aung San Suu Kyi at the Oval Office. Currently the last remaining Myanmar tycoons on the SDN List are Steven Law of the Asia World Group U Zaw Zaw of the Max Myanmar Group U […]