Myanmar plans to launch an electronic company-registry system this year and boost its efforts to reduce red tape for businesses after it amended its Companies Act last month to attract foreign investment. “Within six to seven months, Myanmar will establish an electronic company-registry system similar to what we have seen in Hong Kong,” Robert San […]
Stock Trading Down, But Investors Remain Interested
January 4, 2018 by
The Myanmar Stock Price Index tumbled 23 points, or around 4.7 percent last week, closing Friday at 463.70, after officials from the Directorate of Investment and Company Administration (DICA) said the new Myanmar Companies Law would take at least another 8 months to implement. The new law, which replaces the existing 1914 Myanmar Companies Act, […]
Myanmar Companies Act approved
December 8, 2017 by
President U Htin Kyaw signed the Myanmar Companies Act at the Pyidaungsu Hluttaw Wednesday, approving the most anticipated piece of legislation in the country this year. Under the new Myanmar Companies Act, foreigners will be permitted to take up to a 35 percent stake in local companies. It also stipulates that businesses with foreign stakes […]
Yangon Stock Exchange looks for Belt and Road boost
September 26, 2017 by
The Yangon Stock Exchange, launched in December 2015, expects to enjoy indirect benefits from China’s Belt and Road Initiative as more Sino-Myanmar joint ventures are set up and demand for capital increases. “China is a major economic and trade partner with Myanmar. Myanmar’s enterprises need to grow together with their Chinese counterparts,” said Thet Htun […]
Fixing the Myanmar economy
September 5, 2017 by
Major structural overhauls have to be carried out so the country can maximise its potential for growth. Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of […]
Myanmar Raises the Bar
August 3, 2017 by
The country is opening up its economy to foreign investors. To do so, it is introducing the Myanmar Companies Bill, extending credit and lifting bans to raise confidence in its economy. The latest draft of the Myanmar Companies Bill was submitted to the Amyotha Hluttaw by Deputy Minister for Planning and Finance U Maung Maung […]
Mechanism for Foreigners to Trade in YSX Under Way
July 27, 2017 by
A mechanism for foreign investors and organisations to take part in the Yangon Stock Exchange is under development, according to Myanmar Securities Exchange Centre (MSEC). Daily stock trading in Myanmar has declined significantly and the market is sluggish. In order to revive the trading activities, a system to include non-Myanmar investors from various sectors must […]
Military controlled UMEHL Among 29 Firms Changing to be Normal Companies
February 28, 2017 by
Some 29 firms accepted as special companies under two old laws have been allowed to change to just be companies under the 1914 Myanmar Companies Act, the Ministry of Planning and Finance has said. The firms include the Union of Myanmar Economic Holdings Ltd (UMEHL) – the Tatmadaw’s economic arm – plus subsidiaries […]
Myanmar Set to ‘Easily’ Reach $7bn in Foreign Investment This Fiscal Year
February 1, 2017 by
Foreign investment has reached $5.78 billion for this fiscal year so far, meaning the country is all but guaranteed to hit its target of attracting $6 billion of inflows, and is very likely to exceed it. U Aung Naing Oo, Director General of the Directorate of Investment and Company Administration, indicated last week that […]
