list of foreign companies in myanmar
“There are three main risks linked to investing in Myanmar: market risk, limited liquidity and lack of transparency. Foreign companies scramble to assess fall-out in Myanmar after coup Myanmar protesters residing in Japan hold photos of Aung San Suu Kyi as they rally against Myanmar… MUFG Bank, Ltd. 2-4 … In August 2017, Myanmar Strategic Holdings (SHWE.L) raised $4.2 million in a public listing on the London Stock Exchange. “Officials of these companies should be investigated with a view to criminal prosecution for making substantial and direct contributions to the commission of crimes under international law, including crimes against humanity,” Sidoti said. The report also listed 45 local businesses for their over 10-million-dollar donations to the military in the weeks following the beginning of the 2017 clearance operations against the Arakan Rohingya Salvation Army in Rakhine State—operations widely condemned since as ethnic cleansing. Foreign investors who buy into Myanmar are exposed to elevated levels of exchange risk, liquidity risk, and political risk. Corner of 28thst and 84thst, 2nd Floor, Mann Myanmar Plaza, Chan Aye Thar San Township, Mandalay, Myanmar. Advantages of investing in Myanmar … Our Human Manpower Services. List of Recommended Companies; Help. Relatively few foreign-owned mining companies currently operate in Myanmar. activities, notable investors of these companies, their management team, and recent news are … for a branch office of a foreign company.) The group’s CEO Dr. Thaung Han told The Irrawaddy that despite its initial promise to the military of a fence donation, Max Myanmar didn’t make it, as it wants to focus more on reconstruction and rehabilitation of society in Rakhine. Myanmar is a sovereign state in South East Asia bordered by Bangladesh, India, China, Laos and Thailand.Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources. China has topped the list of foreign investors for a long time. Yangon – Telenor Myanmar stands as the largest taxpayer among all foreign companies operating in Myanmar, contributing to both the commercial tax and corporate income tax sectors for 2018 tax assessment year, according to It is authorised to engage in revenue-generating activities in Myanmar that are related to the primary business of its foreign parent company. In a move that could change the dynamics of the local market, the Securities and Exchange Commission of Myanmar is preparing to allow foreign investors access to the new Yangon Stock Exchange. Myanmar Companies Database Global Database has 2398 registered organisations listed in the Myanmar database. On 12 January 2017, Mytel (Telecom International Myanmar Co., … A third Myanmar-based company, Interra Resources (5GI.SI), is also listed in Singapore. We do not encourage viewing this site in this width. Here’s a … As of June 2015, Myanmar has a mobile phone penetration rate of 54.6%, up from less than 10% in 2012. Address:88street, yangon, myanmar, Myanmar UAsiaMicroFarm Fresh egg,preserve egg. The company owns two major brands in Myanmar – Ostello Bello and Wall Street English. This list of companies and startups in Myanmar provides data on their funding history, investment activities, and acquisition trends. Yoma is currently engaged in tourism, real estate and automotive sectors in Myanmar. Finally, there is transparency. Investment which is to encourage the export-oriented investment, shall set up and invest under the Special Economic Zone Law ( SEZL ), approved by Management Committee of SEZ. Singapore Myanmar Investco, erstwhile Singapore Windsor Holdings Limited, is an investment and management company. In February last year, Singapore invested $20.88 billion for 302 projects and China invested $20.41 billion for 314 projects, according to DICA figures. List of companies, suppliers, distributors, importers, exporters, dealers, manufacturers in Myanmar 2. A total of US$28.507mil of foreign investments from China, Seychelles and Estonia as well as 3 billion Kyats (US2mil) from one local enterprise engaged the … Why Invest in Myanmar? Doing Business in Myanmar. Myanmar Business Guide 3Under the new Myanmar Companies Law, foreigners are allowed to own up to 35% equity interest in local entities, thus opening up many more sectors to foreign investment and competition. In the last 3 years, the Chamber has done more than 30 consultation assignments for Nordic companies. The recent increase in foreign business in Myanmar could put human rights at risk if left unguarded. This list of companies and startups in Myanmar provides data on their funding history, investment activities, and acquisition trends. Daily trading volumes have averaged a mere 13,069 shares at the exchange, and the value of the Myanmar Stock Price Index (MYANPIX index) has dropped 50% since inception. Business. Company list - Myanmar Foreign Investment Tracking Project. Furthermore, Maung Maung Win, chairman of the Yangon Stock Exchange, mentioned that the country is in the process of amending the Myanmar Companies Act. “The Mission’s findings from this investigation provide the international community with a more complete understanding of Myanmar’s human rights crisis; one that should compel the international community and individual states to take a coordinated multilateral approach to accountability, justice and ending the human rights crisis in Myanmar,” said Mission Expert Radhika Coomaraswamy. Global Companies ›› List of Companies in Myanmar. Airline Image ICAO IATA Callsign Commenced operations Air KBZ: KBZ: K7: JADE AIR: 2010 Asian Wings Airways: AWM: YJ: ASIAN STAR: 2010 Golden Myanmar Airlines: GMR Anawar Hlwam Co.,ltd Info Email Phone Rangoon Wasana Traders No. The new act is expected to be passed this year, and will allow joint venture companies to list on the Yangon Stock Exchange in addition to foreign investors being able to invest directly. Yangon – Telenor Myanmar stands as the largest taxpayer among all foreign companies operating in Myanmar, contributing to both the commercial tax and corporate income tax sectors for 2018 tax assessment year, according to an announcement from Myanmar… “The revenue that these military businesses generate strengthens the Tatmadaw’s autonomy from elected civilian oversight and provides financial support for the Tatmadaw’s operations with their wide array of international human rights and humanitarian law violations,” said Mission Expert Christopher Sidoti. Apply for a MIC permit; Apply for an Endorsement; Post-permit activities; Register Your Company; Company Affairs. Find Foreign Company jobs in Yangon, Yangon Region now. The company incorporated in 2013, has a market cap of $29 million. For a Public company, the following additional documents shall be submitted before commencing the business Myanmar National Payments System Strategy (2020-2025) (Myanmar) Licensed Mobile Financial Service Providers; Licensed Payment Card Issuers; Merchant Acquiring Service; Asian Clearing Union; Financial Institutions. British Prudential, Japanese Dai-ichi Life, Hong Kong AIA, US Chubb and Canadian Manulife have been authorised to establish wholly-owned life insurance subsidiaries. The stocks have market caps of $750 million, $95 million and $51 million respectively. Last year, Yoma Strategic signed an agreement with First Myanmar Investment (FMI), Exemplary Ventures Limited and SHC Capital Asia Limited to spin off its tourism businesses that would be listed as a new entity on the SGX. Search Welcome Guest, Join Free / Sign In Home Categories Countries My Companies… Myanmar is a market that has a bad PR in the past so the question is how can you make sure that the people feel confident that you have a good reputation, an independent board and experienced professionals,” he said. Beneficial Ownership; Myanmar Companies Online (MyCo) Online Recommendation Letter for Visa Extension. Myanmar Foreign Investment Law was issued in 2012 to promote and regulate foreign investments. US imposed sanctions also cut off the country from world markets for many years. “Max Myanmar Group’s contributions were solely and particularly intended for reconstruction and rehabilitation of the society, and toward the initiative of UEHRD’s directives on humanitarian assistance and resettlement and developments of local communities affected by unfortunate events…,” read a statement posted on their Facebook, referring to the Daw Aung San Suu Kyi-led Union Enterprise for Humanitarian Assistance, Resettlement and Development in Rakhine (UEHRD). Address:31, yangon, Myanmar D.B. Myanmar Sakura Travels & Tours Pte Ltd Info Email Web Phone No. Oriental Gold (Yangon) Co., Ltd. Info Phone Rangoon 70 Thunandar Street Thumingalar Housing … Browse by Countries. It represents various companies, including SMEs, startups, and major multinational companies in a host of industries. The company’s stock is up 56% since its public listing on SGX. Myanmar Strategic Holdings is engaged in operations of tourist hotels and English language training schools. In the following days of trading, shares of the company lowered 5%. Representatives from KBZ Group were not available for immediate comment. In Myanmar, joint ventures are also limited liability companies (LLCs), and you need a minimum of 2 shareholders, one foreign investor and one local shareholder in Myanmar. It is not tremendous liquidity when you are young but it gives some liquidity. The report accuses those companies of at the very least contributing to the military’s financial capacity to carry out human rights violations, particularly in ethnic areas like Kachin, Shan and Rakhine states. As a second step, the government gives the nod to the foreign insurance companies in Myanmar. Considered by many to be one of the last economic frontiers, Myanmar has been the object of investor interest for the past three years. In 2017, the century old Companies Law was substantially revised. This was replaced by the Myanmar Investment Law in 2016 so as to combine the regulation of both foreign and domestic investments under one set of laws. The project was designed to respond to the need for increased transparency and information disclosure as a first step to ensuring that foreign companies conduct their business in Myanmar … In 2017, the bulk of Singapore’s investment in Myanmar was in the information and communications sector (73%), followed by manufacturing (14%) and real estate (4.6%). In the list of foreign companies, Telenor Myanmar stands as first paying largest commercial tax and second in corporate income tax ; From inception to date, Telenor Myanmar has contributed more than Kyat 441 billion to the government under various tax categories For decades, Myanmar has been a largely inaccessible destination for foreign investors. Foreign companies looking to obtain license will require an existing representative office for insurance business in Myanmar. “So, we didn’t make any donation for border fencing,” said the CEO. / Htet Wai / The Irrawaddy, Copyright © 2016 Irrawaddy Publishing Group. As a second step, the government gives the nod to the foreign insurance companies in Myanmar. The company has a market cap of $19 million in Australia and is down 72% since its public listing in 2007. Myanmar is increasingly becoming the world’s donor darling, with foreign aid donors and their implementing partners rushing into the country to deliver development assistance. Insights about top trending companies, startups, investments and M&A activities, notable investors Through the Myanmar Insurance Law 1993, MI was empowered to engage in all insurance business activities, permit other insurance companies to issue the type of policies as MI authorizes, and monopolize third-party liability and re-insurance. Foreign insurance companies can provide services in joint venture with local insurance companies. However, investors can create a fund that tracks the Solactive Myanmar Index. To be classified as a Myanmar Company, the company was required to be 100% owned and controlled by Myanmar citizens. Foreign Direct Investment in Myanmar increased by 82.08 USD Million in November of 2020. Description: "Myanmar's Yangon Region Investment Committee (YRIC) recently approved 16 foreign investment businesses for the region, according to the Directorate of Investment and Company Administration (DICA) on Sunday (Feb 23). Now, the State-owned Myanma Insurance, 11 private life insurance companies and eight general insurance services companies are providing insurance services. Its principal product is MyCHAT, a chat and social networking application. Thanks to it, the public will get more insurance covers. Address:Pyay Road Yangon, Sabanan Company … Financial Years Number of Company Registration 1-Apr-2018 to 31-July-2018 4437 2017-2018 10607 2016-2017 10489 2015-2016 7910 2014-2015 7541 2013-2014 7091 2012-2013 6011 2011-2012 4563 2010-2011 2687 2009-2010 1955 2008-2009 1564 2007-2008 1933 2006-2007 1365 2005-2006 1264 2004-2005 994 2003-2004 581 2002-2003 251 2001-2002 344 2000-2001 478 1999-2000 640 1998 … The company invests in Myanmar businesses that are listed on foreign stock exchanges but also foreign companies that have a material exposure to Myanmar. Pages, Nearly 60 Foreign Firms Tied to Military Businesses: UN Report, Tiny Loans Lead to Bigger Debts, Land Losses in Cambodia, The Day 5 Former Residents of Hiroshima Counted Their Blessings, Hundreds Trapped on Highway in N. Shan as TNLA Fights Military, Myanmar to Join International Anti-Corruption Academy, Charter Amendments Won’t Pass Without Military Support: U Shwe Mann, Ex-Industry Minister ‘Violated Office Procedures’: Govt Spokesman, Strike Grips Hong Kong as Leader Warns Protests Challenge China's Sovereignty, Kashmir Turmoil Rises as India Restricts Movement, Regional Leaders Fear Arrest, The Day Dictator Ne Win Won Asia’s Nobel Prize. The company listed its shares on the Singapore Stock Exchange in April 2006 and the stock is up 93% since then. YANGON—A report from a UN fact-finding mission has revealed that nearly 60 foreign firms operating in Myanmar have business ties to the Myanmar military (or Tatmadaw). Ministry of Planning and Finance will release the list of foreign life insurance companies on April 5, according to its statement. Two of these three largest companies are listed on the Singapore Stock Exchange including Yoma Strategic Holdings (Z59.SI) and Singapore Myanmar Investco (Y45.SI). Myanmar Companies Act. Myanmar Metals, a company engaged in extraction of metals in Myanmar, is listed in Australia (MYL.AX) and Germany (3TO.BE). In 2013, its GDP (nominal) stood at US$56.7 billion and its GDP at US$221.5 billion. Myanmar Investments International is currently listed on the London, and Stuttgart (22M.SG) Stock Exchanges. Business. II. 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Shan Quit to Protest Leader’s Arrest, NLD Parliamentarians Unbothered by Military Absence in Charter Amendment Debate, Shan State Residents, Civil Groups Call for Transparent, Green Energy Policy, In the NLD’s Cabinets, a High Rate of Turnover, Myanmar military leaders arrives for the third Union Peace Conference in Naypyitw in July, 2018. List of Credit Bureau List of Foreign Banks Branches List of Mobile Financial Services Providers List of Non-Bank Financial Institutions List of Private Banks List of Representative Offices of Foreign Banks and Finance Companies Companies in Myanmar covering Business Services, Agriculture, Construction & Real Estate, Chemicals, Food & Beverage, and more. Address:362 Maharbandoola Road. The company is involved in petroleum production, field development and exploration in Myanmar and Indonesia with a current market cap of $22 million, nearly one fourth of its market cap when it listed 13 years ago. US imposed sanctions also cut off the country from world markets for many years. 846 4-a Thamadi Street Myittar Nyut Ward Tarmwe Township Yangon . The new insurance companies will introduce new insurance types, insurance technologies and international insurance experiences. Ltd. established is 2010 in Union of Myanmar ( Burma) , Ministry labor permitted a licence to on 15th November 2010, the license Number.037/2010Human one largest manpower exporters from Myanmar. Background: Trade Restrictions in Myanmar. Head of Training Academy For Foreign Microfinance Company Yankin 1800000 MMK 26 Feb 2021 Permanent Head of Risk & Recovery (For a Leading Local Group of Companies) Hlaing 2000000-3000000 MMK 23 Feb 2021 Permanent Brand Assistant for a Well-established Manufacturing Company The largest Myanmar companies listed abroad by market capitalization include Yoma Strategic Holdings (Z59.SI), Singapore Myanmar Investco (Y45.SI) and Myanmar Investments International (MIL.L). Interra Resources was listed on the SGX in 2004, and shares of the company have declined 79% since then. Myanmar beat Cambodia for Bronze in penalty shoot-outs. A total of 15 companies are included and weighted in the index according to market capitalization. Company incorporation is under the jurisdiction of the Directorate of Investment and Company Administration (DICA), a secretariat of the Myanmar Investment Commission (MIC). Five foreign companies have been granted provisional licences to issue life insurance policies through subsidiaries following more than two years of delay in opening up the Myanmar market. The Solactive Myanmar-Focused Asia Index covers companies that currently focus on Myanmar or bordering countries. The Yangon Exchange was established in March 2016 with just one listed firm – First Myanmar Investment. Yangon Limit Switches Cocoa Liquor. Dear Sir/Madam,We are carrying the international shopping center in Yangon, Myanmar.We would like to inquiry about Denyo Generator , made Japan brand new products.Can you please send price list for 60 KVA 400 KVA.Thank Eleven Cartoon of the Day. The company offered 423,000 shares at $10 each. One of the primary reasons for low trading volumes is that foreign investors are not allowed to trade on the exchange. In 2018, it All Rights Reserved. It is a partial list of companies reported to be investing or planning to invest in Myanmar, and will be constantly updated. Shares of MySquar (MYSQ.L) have been listed on the London Stock Exchange since July 2015, and have plunged 59% since their listing. Foreign-owned mining companies must operate in joint venture agreements with Myanmar companies or national s (see Part 3: Legal and Policy Framework ). For decades, Myanmar has been a largely inaccessible destination for foreign investors. The company has a market capitalization of $21.5 million. Relatively few foreign-owned mining companies currently operate in Insights about top trending companies, startups, investments and M&A. Kijwisai Co., Ltd. Info Email Web Phone 51 Soi Ladpraowanghin 48 Ladpraowanghin Rd Ladprao Bangkok 10230... Other Construction Machinery Asphalt Mixers Other Electronic Measuring Instruments Industrial Metal Detectors Analyzers Aluminum Composite Panels Testing Equipment. Joint-stock company (PLC) Investors can also establish a joint-stock company, also known as … In 2016, a total of 71 foreign firms had registered to work in Myanmar's mining sector, although many were not active. BNK Capital Myanmar Company Limited : Full Member : 2014-0190 : BRAC Myanmar Microfinance Company Limited : Full Member : Cam Capital Microfinance Co.,ltd : Full Member : 2014-0207 : CARD Myanmar Company Limited : Full Member : Non-Deposit Taking : 2018-0287 A branch office is considered an extension of its foreign parent company and is a non-resident entity for the purposes of taxation in Myanmar. Foreign companies from Japanese retail giant Aeon to South Korean trading firm POSCO International and Norway's Telenor scrambled to assess the turmoil in Myanmar on Monday after a … The companies listed are mostly but not exclusively from Asian nations, with several based in Europe. List of Foreign Banks Branches Apr 28, 2015 08:11 List of Foreign Banks Branches Sr No. Foreigners able to own 35% of Myanmar company . YANGON—A report from a UN fact-finding mission has revealed that nearly 60 foreign firms operating in Myanmar have business ties to the Myanmar military (or Tatmadaw). Myanmar in 1989 embarked on a policy of encouraging foreign investment and invited foreign companies to invest in the mineral sector in Myanmar. The Yangon Exchange was established in March 2016 with just one listed firm – First Myanmar Investment. Shares of the company London listed shares have gained 28% since their public listing in 2007. The company is involved in the provision of telecommunication towers and related services; rental vehicles, duty-free and retail operations in Myanmar. Yoma Strategic, sister company of Myanmar based SPA Group was listed in 2006 on the SGX and generates nearly 99% of its revenues from Myanmar. Trading Restrictions in Myanmar Most trading activities were prohibited for foreign companies in Myanmar since 2001 (other than sale by a domestic manufacturer) In practice, the Directorate of Investment and … MySQUAR is a Myanmar-language social media, entertainment, and payments platform that provides Internet-based mobile applications. This is due primarily to the lack of a formal trading exchange. The Myanmar Companies Act (MCA) only allows Foreign Service providers to register the companies for other services. The company invests in various sectors, including real estate development, education, logistics, construction, financial, infrastructure development, and exploration and production of natural resources. Being listed in an Asian market, we believe, will lead to more retail interest and therefore more liquidity,” MIL managing director Aung Htun stated. Since trading began a year ago, the exchange has faced a formidable challenge in garnering interest from investors. 94 companies, mainly but not entirely foreign, to the SEZ, with 12 of those investments worth USD140 million coming in the past year ix . The report calls on members of the international business community to sever their ties to the Tatmadaw or risk contributing to the several human rights violations the international community accuses the military of perpetrating. ETFs or mutual funds providing exposure to the country still do not exist. Myanmar Investments International (MIL.L) is currently considering listing on an Asian stock exchange rather than London to gain investor attention and increase liquidity. In 2017 so far, the index has gained 20.2%. Without a representative office, foreign companies would not be allowed to participate in the tender or