Yangon stock exchange due to let Myanmar-based foreigners trade

Foreigners living in Myanmar will be allowed to buy and sell on the Yangon Stock Exchange in the first phase of the process of opening up to the international market, according to the Securities and Exchange Commission of Myanmar (SECM). The Ministry of Finance and Planning announced an opening up in July but after discussing […]

Government allows six JVs among local and foreign insurers

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 […]

Myanmar Companies Act sent to parliament

The Myanmar Companies Act – a pivotal piece of legislation that will reform how companies are regulated and allow foreign investors onto the Yangon Stock Exchange – was submitted to the Pyithu Hluttaw at the start this month, according to Directorate of Investment and Company Administration Director General U Aung Naing Oo. The new act […]

Central Bank Official Urges Import Restrictions to Combat Weakening Kyat

With the kyat near record highs against the US dollar the business community is demanding that the Central Bank and the government take action to stem the slide and protect the currency from future volatility. U Win Thaw, director general of the Central Bank’s Foreign Exchange Management Department, spoke to The Myanmar Times about the factors he […]

State owned factories to be privatized in four years

State owned factories are to be sold off in order to decentralise Myanmar’s economic sector, allowing for competition to begin again in Myanmar. The list of privatization is not announced yet, and so, we cannot say which factories will be privatised, an official from the Ministry of Planning and Finance. Myanmar will try to effectuate […]

Invitation to bid for Pre-Fabricated Data Center Facilities for Ministry of Planning & Finance. Closing Date 19 August 2016

Subscribe to our tender alert mailing list INVITATION FOR BIDS (IFB) The Republic of the Union of Myanmar Modernization of Public Finance Management Pre-Fabricated Data Center Facilities – Supply, Installation and Commissioning of Pre Fabricated Data Center Facilities IFB No: MPFMp-MIAs-ICB-GS101 1. This Invitation for Bids (IFB) follows the General Procurement Notice (GPN) for this […]