Lists, Directories of Foreign Companies in Burma

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Description: "On 28 October [2002], on behalf of the Global Unions Group, the ICFTU is releasing a new database of over 325 foreign companies with business links to Burma - links that help to sustain the brutal and repressive dictatorship in that country. While some prominent companies have withdrawn since the initial release of the database one year ago, Global Unions have added a further 92 companies which continue to do business with Burma or have been pursuing business links with the junta...." "The following database has been compiled by the ICFTU, based on publicly available information. It is a database of companies which appear, from the information available, to have some form of relationship with Burma. A company was added to the list as soon as one link was found between it and Burma or its regime during the period following 15 November 2000, the date of the ILO decision. In some cases, this link will be trade with, investment in or other business activities in Burma, for others it may be direct contact between the company and officials of the regime. It may also be that the company promotes or advertises tourism in the country... This list is not exhaustive. We are ready to correct any factual errors which it may contain. As we receive information on further companies which are active in Burma we will approach them in the same way and, depending on their reaction, add them to the list."
Source/publisher: Global Unions
2002-10-28
Date of entry/update: 2010-09-02
Grouping: Websites/Multiple Documents
Language: English
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Description: "Burma is a country ruled by one of the longest running and most brutal military dictatorships in the world; a dictatorship charged by the United Nations with a ?crime against humanity” for its systematic abuses of human rights, and condemned internationally for refusing to transfer power to the legally elected Government of the country ? the party led by Nobel Peace Laureate Aung San Suu Kyi. In response to calls from Burma?s democracy movement, the Burma Campaign UK and other campaign groups around the world have been pressuring companies to sever business ties with Burma... Relevant Links: # The Dirty List with company contact details; # The Dirty List without contact details; # The Dirty List Briefing; # The Clean List; # British Clothing Retailers and Burma..." Various lists (with and without contact details) and suggestions for action.
Source/publisher: The Burma Campaign UK
Date of entry/update: 2010-09-02
Grouping: Websites/Multiple Documents
Language: English
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Description: "...USA*ENGAGE brings together Americans from all regions, sectors and segments of our society to speak out for a more effective foreign policy. Even though a large number of American companies, farmers, and workers are hurt by sanctions that take away US export markets and undermine our international competitiveness, Congress and the Administration cannot hear from only activists promoting a narrow sanctions agenda. A large coalition provides the voice to ensure that American policy-makers listen to all interested parties, including those who oppose sanctions..."
Source/publisher: USA Engage
Date of entry/update: 2005-02-08
Grouping: Websites/Multiple Documents
Language: English
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Individual Documents

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). 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 region's manufacturing sector and other services, creating over 8,900 job opportunities for local citizens. Yangon region absorbs 60% of country's investment from both home and abroad, followed by Mandalay region with % and the rest flows into other regions and states. Myanmar attracted over US$20.8bil foreign investments as of Jan 31, the first four months of the current fiscal year 2019-2020, according to the DICA's figures. The new Myanmar Companies Law which started to enforce on Aug. 1, 2018 allows foreign investors to take up 35 percent in local companies..."
Source/publisher: "The Star Online" (Selangor)
2020-02-23
Date of entry/update: 2020-02-23
Grouping: Individual Documents
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Description: "Myanmar Investment Commission (MIC) recently approved 12 investment enterprises from home and abroad, said a release from the Directorate of Investment and Company Administration (DICA) late Friday. The enterprises, which will create over 6,600 job opportunities for Myanmar citizens, were permitted at the commission's recent meeting. With investment capital of 501.9 million U.S. dollars and 73.4 billion kyats (48.9 million U.S. dollars), the permitted enterprises are engaged in the country's manufacturing, other services sectors and hotel sectors, respectively. As of Dec. 31, 2019, Singapore, China and Thailand were the leading investors in Myanmar. Meanwhile, oil and gas, power and manufacturing sectors were the top three sectors in the list with most foreign investments. From FY 1988-89 to Dec. 31 of FY 2019-20, the foreign investments in 1,909 permitted projects have reached over 83 billion U.S. dollars in the country..."
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Source/publisher: "Xinhua" (China)
2020-02-15
Date of entry/update: 2020-02-15
Grouping: Individual Documents
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Description: "AYALA CORP. (AC) is investing up to $237.5 million in Myanmar’s Yoma Group, marking the biggest investment by a Philippine company in Myanmar. AC announced the landmark deal in a statement yesterday, where it said it is taking a 20% stake in both of Yoma’s holding companies — Yoma Strategic Holdings Ltd. and First Myanmar Investment Public Co. Ltd. Yoma Strategic is listed in Singapore and has interests in property development, construction & piling services, project management and design services. First Myanmar Investment, on the other hand, is listed in Myanmar and is in the business of financial services, healthcare, real estate and tourism. AC will become the second-largest shareholder of these two companies, after the Pun family. AC President and Chief Operating Officer Fernando Zobel de Ayala will be nominated to the board of the two companies. AC Chairman and Chief Executive Officer Jaime Augusto Zobel de Ayala said the partnership with the Yoma Group gives the Philippines’ oldest conglomerate a chance to ride on Myanmar’s growth trajectory..."
Source/publisher: "BusinessWorld" (New Delhi)
2019-11-15
Date of entry/update: 2019-11-17
Grouping: Individual Documents
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Sub-title: Leading private equity firms launched the Myanmar Private Equity & Venture Capital Association this month to give institutional investors a collective voice when engaging with the Myanmar authorities.
Description: "“This launch marks a milestone in the development of the Myanmar economy since the country started opening up in 2012. The investment community has reached critical mass,” said association chair Josephine Price, who is co-founder of Anthem Asia. The membership organisation also counts Delta Capital, Japanese Daiwa PI Partners, London-listed Myanmar Strategic Holdings, Trust Venture Partners’ Yangon Capital Partners and YGA Capital among its founding members. After Myanmar opened up its market in 2012, the country attracted the interest of private equity investors looking to inject their funds. In 2018, startups in Myanmar raised around US$62 million. Online travel firm Oway secured $14.7 million from Japanese multinational business conglomerate Daiwa and the World Bank’s International Finance Corporation. This year, British government-owned Commonwealth Development Corporation has invested $30 million into internet service provider Frontiir, the parent company of Myanmar Net, as the first direct equity investment in the country..."
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Source/publisher: "Myanmar Times" (Myanmar)
2019-09-23
Date of entry/update: 2019-09-23
Grouping: Individual Documents
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Topic: Myanmar has held investment and business forums with Japan, South Korea, China, Malaysia, Thailand, Hong Kong and Singapore among Asian countries, and the US, UK, Czech, Hungary and Australia among Western nations.
Topic: Myanmar has held investment and business forums with Japan, South Korea, China, Malaysia, Thailand, Hong Kong and Singapore among Asian countries, and the US, UK, Czech, Hungary and Australia among Western nations.
Description: "Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as a key driver of Myanmar’s economy. Starting last year, both abroad and at home, Myanmar has held investment and business forums with Japan, South Korea, China, Malaysia, Thailand, Hong Kong and Singapore among Asian countries, and the US, UK, Czech, Hungary and Australia among Western nations. Between January and September this year, the government organized a Union-level investment summit in Naypyitaw and four major investment forums in Yangon and Mandalay regions, and in Rakhine and Chin states, inviting both local and foreign investors to attend. This is part of the government’s investment promotion plan, which has emphasized East Asian countries since the country’s image took a battering in the wake of the 2017 Rohingya crisis in Rakhine State, which turned off Western investors..."
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Source/publisher: "The Irrawaddy"
2019-09-12
Date of entry/update: 2019-09-12
Grouping: Individual Documents
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Description: "Myanmar rolled out a new Companies Law in 2018 to attract more foreign direct investment (FDI) into the country. The new law, which replaced rules made more than a century ago, was one of several initiatives to reform the economy. While the economy had picked up pace, experts cautioned that Myanmar’s FDI targets in 2019 might fall short..."
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Source/publisher: "CNA"
2019-08-01
Date of entry/update: 2019-09-06
Grouping: Individual Documents
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Description: "Myanmar's Yangon Region Investment Committee (YRIC) recently permitted 10 more foreign investment businesses for the region, according to the Directorate of Investment and Company Administration (DICA) on Friday. A total of 18.986 million US dollars of investments from China, South Korea, Vietnam and the British Virgin Islands entered the region's manufacturing sector, creating about 4,597 local employment opportunities. Regionally, Yangon region attracts 60 percent of both local and foreign investments, followed by Mandalay with 30 percent and the rest flows into other regions and states. According to the DICA's figures, Myanmar attracted over 2.41 billion US dollars' foreign investments as of April 30, the first seven months of the present fiscal year 2018-2019. The new Myanmar Companies Law which started to enforce on Aug. 1 last year allows foreign investors to take up 35 percent in local companies. Under the new companies law, investment with capital not exceeding 5 million US dollars can be permitted by regional and states authorities of the DICA..."
Source/publisher: "Global Times" via Xinhua
2019-06-14
Date of entry/update: 2019-09-05
Grouping: Individual Documents
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Description: "The Report Card of US Companies Investing in Burma is an evaluative tool that measures the due diligence reports and accountability efforts of US companies in accordance with the US Reporting Requirements on Responsible Investment in Burma..."
Source/publisher: US Campaign for Burma
2014-06-00
Date of entry/update: 2014-09-23
Grouping: Individual Documents
Language: English
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Description: Alphabetical list by company of those which have pulled out from 1992, by Company, Sector, (date)In, (date)out, Country, Brief Details. Updated January 2003.
Source/publisher: "The Irrawaddy" Research Pages
2003-01-00
Date of entry/update: 2003-06-03
Grouping: Individual Documents
Language: English
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Description: Foreign Investment of Permitted Enterprises up to November 1999 (by Country and Region) (US $ in million). Updated January 2003.
Source/publisher: "The Irrawaddy" Research Pages
2003-01-00
Date of entry/update: 2003-06-03
Grouping: Individual Documents
Language: English
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Description: Pretty feeble list
Date of entry/update: 2003-06-03
Grouping: Individual Documents
Language: English
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Description: Big list of companies by sector, plus blue pages and a link to the soc.cult.burma membership list search by name of email... NOT ACCESSIBLE, NOVEMBER 2004.
Date of entry/update: 2003-06-03
Grouping: Individual Documents
Language: English
Format : php
Size: 201 bytes
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