Viettel showcases its products. Photo: Viettel Facebook Page

Viettel-backed group gets licence to become 4th telecom operator in Myanmar


It will focus mainly on grabbing market shares in the rural areas.

Myanmar Dealbook: MAPCO invests in $12m in agri parks; Rakhine state to set up SEZs

MAPCO has put in $12 million for the establishment of agricultural industrial parks; Two economic zones are currently under preparation in Rakhine.

Myanmar Motor Corp gets nod to set up $10m bus assembly, eyes exports

Myanmar Motor Corporation Public Company Ltd has been given a green light to start the production of buses.

First Private Bank to be fourth firm to list on nascent Yangon bourse

The Yangon Stock Exchange approved the First Private Bank to join the bourse and get ready to be listed on January 20.

Myanmar 2016: Yangon bourse sees 3 listings, more in pipeline

Myanmar in 2016 got a safer and better option to invest: YSX but excitement is yet to proceed.

Myanmar: Aktio to invest $7m; XL Catlin’s VC arm puts $4m in Stonestep

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 on track to close $500k invesment from Globalway

code2LAB plans to complete closing a $500,000 investment by February 2017 from Globalway Ventures.

Myanmar Dealbook: FMI puts $5.42m in Yoma Hospital; Super Hotel wins bid

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.

Myanmar Dealbook: BASF new plant; Property expo sees $12.6m sales

BASF is set to open its first chemical plant in Yangon by 2017. organized a three day property expo in Yangon which sold out $12.6 million of apartments and condominiums.

Myanmar: Japanese airliner ANA invests in new venture, to begin ops in 2018

ANA Holdings Inc. has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy. ANA has a 49 percent stake and a local company holds the remainder, Shinya Katanozaka, chief executive officer… Read more »