A Tender for private companies to work on a US$2.2 billion upgrade of the railway linking Myanmar’s two largest cities will be called at the end of this year, an official said yesterday.
The price and trading volume of shares in Myanmar Thilawa SEZ Holdings Limited (MTSH) rose on the company’s second day of trading, according to the Yangon Stock Exchange.
A Row has broken out over the transfer of government staff to a joint venture between state-owned Myanma Petroleum Products Enterprise and Singapore-based Puma Energy, which was set up last year to distribute aviation fuel, in the first of a number of planned privatisations.
The share price of Myanmar Thilawa SEZ Holdings Limited (MTSH) rose 25 percent during its first day of trading on May 20 after the company became the second to list on the Yangon Stock Exchange.
Car importers left in limbo after the new government suspended complex requirements for bringing vehicles into the country have asked a committee led by the commerce ministry to intervene, in the hope of speeding up the approvals process.
Exports will be prioritised over imports, the commerce minister has said, after a surge in imports flooding into Yangon’s busy ports has blocked the flow of trade. Commerce Minister U Than Myint has vowed to take urgent action to get goods moving again.