By Juliet Shwe Gaung
Nissan Motor starts sales for its new Sunny mainstay sedan in Myanmar and plan to assemble about 10,000 units per year. In Kayin State, Myanmar’s first cable car will be built using $12m.
Myanmar focused PE firms has one constant: the daily essential emerging consumer space.
It will focus mainly on grabbing market shares in the rural areas.
MAPCO has put in $12 million for the establishment of agricultural industrial parks; Two economic zones are currently under preparation in Rakhine.
Myanmar Motor Corporation Public Company Ltd has been given a green light to start the production of buses.
The Yangon Stock Exchange approved the First Private Bank to join the bourse and get ready to be listed on January 20.
Myanmar in 2016 got a safer and better option to invest: YSX but excitement is yet to proceed.
Japan’s Aktio Corp has been approved a $7 million investment in Myanmar for rental and sales of construction equipment. XL Catlin, a global insurance company has made a $4 million injection in Stonestep.
code2LAB plans to complete closing a $500,000 investment by February 2017 from Globalway Ventures.
FMI has injected about $5.42 million into Yoma Siloam Hospital Pun Hlaing Ltd for their hospital development. At Thilawa SEZ, a new hotel will proceed by Super Hotel Co Ltd from Japan.