Ceasefire agreement expected to be signed soon
The
fifth nationwide ceasefire negotiation between Union Peacemaking
Working Committee (UPWC) of the government and the Nationwide Ceasefire
Coordination Team (NCCT) confirmed 26 out of the 31 paragraphs in the
draft agreement in a meeting held from 15 to 17 August.Read more
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Myanmar forms anti-money laundering central board
The
Myanmar Government has formed an Anti-Money Laundering Central Board
with 15 members led by Union Minister of Home Affairs. The Anti-Money
Laundering Law was approved by president on 4th August 2014.
The Central Board is responsible for formulating policies on anti-money
laundering and combating financial support for terrorism. The Central
Board will also formthe financial investigation team, scrutinizing team
andthe reporting team tocombat money launderingand financial supportfor
terrorism.Read More
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Kantana eyes Myanmar TV business
Thailand
based Kantana Group is eying business opportunities in Myanmar from
producing TV programs with local broadcasters to managing a TV station.
Kantana was discussing with several broadcasters in Myanmar for the
possibility of making TV shows. Kantana Group Public Company Limited is a
film and television production company based in Bangkok, Thailand. It
is one of Thailand's oldest and largest film studios. Currently, Kantana
operates the VTC9 culture channel in Vietnam and the state-owned
Channel 5 TV station in Cambodia.Read More
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Thai Tap Water(TTW) enters Myanmar
Thai
Tap Water (TTW) made its first oversea investment USD 10Mn in
Mawlamyine, Myanmar. The investment project is for developing tap-water
with initial daily production capacity of 30,000 cubic meters and other
systems. TTW will make the investment through its subsidiary Thai Water
Operations by holding 70% stake in the joint venture, with the rest
owned by a local investor. TTW was founded on Sept 2000 and listed in
Stock Exchange of Thailand on May 2008.
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Thai Oil to set up refineries in Indonesia and Myanmar
Thai
Oil PLC, Thailand's largest refiner, is looking to expand into
Indonesia and Myanmar by joining with its parent company PTT PLc. Thai
Oil has joined with PTT to submit a proposal to Myanmar Petrochemical
Enterprise (MPE) to upgrade its Thanlyin refinery near Yangon. The
refinery upgrade is scheduled for 2016 with initial capacity of 15,000
bpd. Thai Oil Public Company Limited (Thai Oil) is one of the world's
leading integrated energy companies. The group is one of the largest
independent petroleum refineries and suppliers of refined petroleum
products in Thailand. Thai Oil along with its subsidiaries specializes
in crude oil refining, lube base and petrochemicals production, and
transportation. The company also carries out power generation and
distribution of petroleum and chemical products.Read More
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Ooredoo officially launches its mobile service
Ooredoo
officially launched its mobile services in Myanmar with a celebratory
ceremony held in the country's capital city, Nay Pyi Taw, on Thursday
night. Ooredoo has currently launched in three major cities and will
initially cover 68 cities and towns and 7.8 million people with Top-Up
vouchers available from just $1. Top up vouchers are for sale at 30,000
outlets across the country in addition to the 6,500 dealers selling
Ooredoo SIM cards. The company plans to have 12 million SIM cards on the
market by the end of the year. But, users are complaining about
coverage in some areas of Yangon and expensive internet packages. Read More
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- GDP - USD 59.4Bn
- GDP Growth - 8.5%
- Population - 65Mn
- Inflation - 5.6%
- USD/Kyat - 964
- Bank Deposit - 8%
- Bank Lending - 13%
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Gold Price in the week
(Price/Gram, Value in Kyats)
14 - August
| 41148.22
| 15 - August
| 41090.90
| 16 - August
| 40612.74
| 17 - August | 40612.74
| 18 - August | 40699.96
| 19 - August | 40507.34 | 20 - August | 40575.91 |
US$ Exchange Rate in the week (Value in Kyats)
14 - August
| 971 | 15 - August
| 971 | 18 - August
| 971 | 19 - August | 971 | 20- August | 971 |
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The
Ronoc Myanmar Investors News Letter informs current and prospective
Myanmar-related investment professionals on the recent business news
highlights from Yangon, adding in-depth, contextualised analysis from
the ground.
In
addition to this News Letter, we also offer cutting edge Consulting and
Advisory Services including bespoke Research Reports covering areas
from industry specific, political, economic and investment analysis.
Feel free to contact us to further discuss these opportunities.
Sincerely,
Oliver Belfitt-Nash
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Ronoc
is an investment and advisory firm established in 2007. We specialise
in emerging markets, retail banking and have offices in New York,
London, Dublin, Yangon and Ulaanbaatar. Through our extensive experience
of working and investing in the emerging markets, we have developed
strong local networks and tailored strategies for operating in
challenging political and economic settings. Read More
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