ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Foreign joint venture companies will be able to invest in the Yangon Stock Exchange when an update of the Myanmar Company Law is finished : Myanmar's Deputy Minister for Finance

  Foreign joint venture companies will be able to invest in the Yangon Stock Exchange when an update of the Myanmar Company Law is finished, said Dr Maung Maung Thein, deputy minister for finance.
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  Vietnam's biggest partly private lender by assets BIDV to be prioritized in the next issue of banking licences by Myanmar

  Vietnam’s biggest partly private lender by assets, said it would be prioritised in the next issue of banking licences by Myanmar, citing comments by the country’s president during a meeting with the bank’s chairman.
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  The Yangon Stock Exchange risks opening under US sanctions

  Myanmar's first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control (OFAC). However US officials have clarified that under US law it would be automatically sanctioned, as it is 51 percent owned by Myanma Economic Bank (MEB), a state entity under US sanctions.
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  Entrance rules for Yangon Stock Exchange published

  Publicly owned companies which want to float on the Yangon Stock Exchange have to provide evidence of business profits for two years before the application, the Myanmar Exchange Certificate Supervision Board has announced.
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  Three companies submit tenders for Yangon New City Project

  YANGON—Three companies, including ShwePopa International Construction Co Ltd, a subsidiary of Shwe Than Lwin Co, submitted tender bids for Yangon New City Project. An opening ceremony for the preliminary tender for the project was held at the Yangon Region Government Committee Office on September 22 under the supervision of the Yangon Region Minister for Forests and Energy.
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  Zone 'A' of Thilawa Special Economic Zone (SEZ) opens

  The Grand Opening Ceremony of the phase one of Thilawa Special Economic Zone was held Wednesday at the zone which is 20 kilometers from the commercial city Yangon. The opening ceremony was attended by Vice President U Nyan Tun and the deputy prime minister of Japan Taro Aso and other officials from both countries.
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  A border checkpoint between Thailand and Myanmar, Baan Lak Tang border check point, closed for 13 years, to reopen soon

  A border checkpoint between Thailand and Myanmar will reopen soon to promote cross-border trade and tourism, according to a report by Xinhua on 18 September quoting a senior Thai official.
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  Myanmar exports about 1.7 billion cubic feet of gas daily from four offshore blocks

  About 1.7 billion cubic feet of gas is being exported daily from four offshore blocks and about 400 million cubic feet of gas is distributed for domestic use, according to the Myanmar Global Investment Forum in Nay Pyi Taw.
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  The market for presale housing units has slowed and is affecting new housing developments in Yangon

  “Most building contractors rely on these advance sales to finance their construction. Now that presales are dropping their cash flow is drying up too. Developers are afraid to invest their own money,” said U MaungMaung from ShweGabar Construction Co.
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  The World Bank approves a USD 400 million interest-free loan for electrification in Myanmar

  The World Bank approved a US$400 million interest-free loan to provide financing and technical assistance to help bring electricity to more than 6.2 million people in Myanmar, the bank announced yesterday.