Www Myanmar News now com

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He' blocking another round now. Well, in that case, our systems are detecting that's what's going on. It is now up to the Council to take action against the outrageous crimes of the military and follow their call. Counterfeit messages are coming in from all sides," says Saw. Now the Australian Embassy is in Vantage Tower.

Myanmar's first energy services company SIM is planning to be listed on TSXV.

The Verisante Group announced the signing of a definitive agreement for RTO with Myanmar-based SIM Co. {\a6} (TSX-V: VRS) (the "Company" or "Verisante") is delighted to announce that it has signed a definitive agreement with Myanmar-based SIM Co. "SIM " of June 30, 2018, whereby VRS will purchase all the ordinary capital of SIM, a real estate developer engaged in the building and operating of an offshore supply base (OSB) for the emerging petroleum and natural gas industries in the Ayarwaddy area of Myanmar.

Sells SIM and VRS acquires all of SIM's ordinary share issues and pending clearance by the stock exchange and the corresponding authorizations of directors and stockholders (the "SIM Shares") from the present owners of SIM-Share ( "SIM Stockholders"). All of the acquisition will be settled by the issue of 500,000,000,000,000 ordinary bearer ordinary bearer stock ("VRS shares") to SIMs.

It will operate an SFOE which will supply ancillary assets such as overhead travelling machinery, hoists, warehouses, refuse disposal and other value-added service to regional petroleum and natural gas businesses. As part of the final agreement of June 30, 2018, SIM and VRS also agreed to borrow 500,000 US dollars or to issue VRS ordinary stock through a public offering.

There will be a one-off offering of ordinary stock at $0.10 per stock. TSXV has ceased to trade in the Company's ordinary stock and will continue to do so until the closing or closing of the planned acquisition in accordance with TSXV Guideline 5.2. Mr. Aung Kyaw has worked for more than 10 years with several government-affiliated enterprises in Singapore/Japan, among them Mitsubishi Heavy Industry and Sumitomo, before establishing SIM Co Ltd.

The first Myanmar resident to successfully exported one million tonnes of sands to Singapore for reclaiming lands in 2007. He successfully organised and managed USD 20 million of Myanmar property in Singapore in 2012 and became Chief Executive Officer of a Singapore privately-held group.

It has enabled international investor to do business successfully in Myanmar by building good relations with Kyrgyz government. Mr Aaron is appointed Financial and FDI Manager for the deepwater port in the State of Mon/Karen, Myanmar. Mr. Aung Kyaw has a Bachelor of Engineering from the University of Yangon and a Master of Engineering from the National University of Singapore.

Mr. Nay is an entrepreneurial and strategical Myanmar citizen. Over the years, he has successfully reinvested in many successful mines, trades, building and logistic businesses. Mr. Nay received a B.Sc (Physics) from Yadanarpon University, Mandalay, Myanmar in 2004. Mr. Xu is founder and president of Mican Investment Service Co. headquartered in Yangon, Myanmar (2015).

It is one of the first international finance advisors in Myanmar to provide Myanmar businesses with a range of advice and finance options. Mr. Li is the principal agent of Kunming Pharmaceutical Group (stock exchange symbol: 600422) for the Myanmar area. Mr. Li is the CEO of Mican Investment Service Co Ltd. and is Deputy Secretary General of the China Enterprises Chamber of Commerce in Myanmar.

Mr. John established the first Wechat Service account in Myanmar (2014) called "Myanmar Investment", which provides China's domestic policy, business and investor related information to China's capital markets. Mr. Bailey has 12 years of regional exposure in Myanmar. While Myanmar is opening up to the outside after five centuries of armed domination, international investor are showing interest in the country's capabilities.

Myanmar's 2017 gross domestic product grew 6.7% and is set to pick up in the years ahead. Burma is the biggest Asian-Pacific petroleum exporting country, mainly to Thailand and China. Burma is one of the oldest exporting countries in the oceans.

But in 1962 the state came under armed government, which took over the nationalization of the petroleum and natural-gas industry and kept away the presence of international investment until 1988. The EU and US penalties hindered many non-Asian investment to call for participation until the penalties were relaxed in 2012 in reaction to the Myanmar policy and macroeconomic reform.

Today, post-agricultural power and coal are the main sources of Myanmar's economic development. Myanmar's confirmed CNG resources are approximately 1,820 billion cfp ( "BCF") and petroleum resources are expected to exceed 139 million ke. There are currently 53 on-shore fuel and methane units in Myanmar. It has identified a number of 51 off-shore units, 38 of which are owned by overseas firms (including PTTEP, Chevron, Shell, BP, Tota, ConocoPhillips, Petronas, Daewoo) and others.

There are 32 enterprises from 20 different nations operating in Myanmar's petroleum and natural-gas industry. Investment in Myanmar's petroleum and natural gas industry is an opportunity arising from a series of changes and restructurings currently taking place in the area. The Ministry of Electricity and Energy (MOEE), which learns from Malaysia and Norway, is currently reviewing the current provisions of the current Agreements on the Production of Crude Petroleum Products (PSCs) in order to generate reciprocal advantages for governments and investment and new investment in the area.

They will be assessed prior to possible tendering for up to 31 Myanmar blocs of crude and natural resources, which will be open to domestic and international investments in the near-term. Over 70% of Myanmar's off-shore boulders are still underexplored. The recent rally in the price of crude oils and new delivery hubs to ease off-shore natural gas prospecting should lead to a steady rise in investments in this area.

One important trend in 2017 was the Myanmar Investment Commission (MIC) approvals for off-shore distribution centres. One major obstacle for the multinational petroleum and natural-gas companies active in the state is the absence of an off-shore supplier basis. There' s only one service center in Yangon and the closest hubs are in Singapore and Thailand.

Myanmar based petroleum and natural gas utilities use utilities in these two lands, which are at least 4-5 working day-away. Costs to Myanmar's offshore petroleum and natural-gas businesses are huge - meaning that Myanmar is robbed of an important business opportunity while other nations are benefiting from its waterbodies.

Establishing a local off-shore distribution centre would make deliveries for drill operations less expensive, available in less and faster times to ensure simpler custom formalities - and thus successfully meet the needs of their own off-shore operations. SIM's Ayarwaddy Onshore Power Station (AOSB) was the first MIC approved development.

The Ayarwaddy plant is situated in southwestern Myanmar, at the heart of an upcoming petroleum and natural gas industrial complex that is expanding exploration and development in the Bay of Bengal, the Andaman Sea and the Gulf of Martaban. Burma currently has no off-shore exploration and development capacity, with businesses currently using plants in Thailand or Singapore.

located in Yangon, Myanmar, is an infrastructural developer. In Ayarwaddy, SIM has 184 hectares of Ayarwaddy territory, of which 30 hectares have been allocated to an offshore supply scheme to open up the country to the growing Myanmar petroleum and natural gas industries.

SIM's main income stream is letting the AOSB to off-shore fuel and natural resources within a 200 mile area. AOSB provides warehousing and logistical assistance for six drilling units released by the Myanmar government under the leadership of Thailand's PTTEP.

TSX Venture Exchange Inc. has neither endorsed nor rejected the benefits of the planned acquisition. Such forward-looking statements involve known and unknown circumstances and involve known and unknown risks that may cause results to differ materially from those expressed or implied in such forward-looking statements. as a result of certain factors, the forward-looking information contained in these forward-looking statements is subject to change without notice.

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