Telecom operator Ooredoo prepares to launch mobile money services in Myanmar


Ooredoo is launching a mobile money service named M-Pitesan.

National Bank of Canada acquires 22% in Myanmar payments outfit ONGO

ONGO is backed by Ronoc Asia.

Exclusive: Myanmar’s Hello Cabs raises funding from iMyanmar Group founder

Latest round of funding values the company at a high seven-digit figure.

Myanmar: AIM listed MIL to form JVs in pharmaceutical, tourism sectors

Myanmar Investments International (MIL) is finalizing investments in Myanmar through two new joint venture in the pharmaceutical and tourism sector.

Myanmar Digest: Wing Money enters Myanmar via JV; Japan’s JFE power plant operational

Cambodia’s Wing Money and Mingalabar Holdings Pte Ltd have forged a joint venture for mobile financial services in Myanmar while Japan’s JFE waste-to-energy plant has been commissioned. Wing Money enters Myanmar though a JV with Mingalabar Holdings Pte Ltd Cambodia’s leading mobile banking service provider, Wing Money, has forayed into… Read more »

Forum Capital-backed SolarHome to invest $25m in Myanmar over five years

Southeast Asia-focussed SolarHome, a provider of solar energy for rural off-grid households, is looking at investing up to $25 million in Myanmar over the next five years, Phoo Pyae Pyae Soe, head of communications, said. It is currently targeting to raise and invest up to $1.5 million in Myanmar in 2018. SolarHome –… Read more »

IFC to inject $15m equity into Myanmar’s Shwe Taung Cement project

IFC will also put in $20m debt in the project.

Myanmar Digest: Singapore’s SMI retail venture; InfraCo Asia signs MOU

Singapore Myanmar Investco Limited will bring in 10 retail brands and F&B to Junction City; InfraCo Asia has signed MOU with the Magwe government.

Vietnam’s Dragon Capital inks microfinance JV with Myanmar’s Loi Hein Group

This is the maiden investment by Dragon Capital in Myanmar.

Myanmar: Flymya acquires UK travel reservation developer SWITCH.CM for $600K is Yangon-based air ticket, hotel reservation and car rental platform.