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Frontier Digital Ventures enters Myanmar with two deals

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Frontier Digital Ventures (FDV) has made two landmark investments in Myanmar’s leading online automobile and property websites, marking its foray into the premier frontier market. The websites are MyanmarCarsDB.com and iMyanmarHouse.com. FDV offers participating entrepreneurs a singularly unique proposition, providing not only necessary capital, but also invaluable expertise in developing,… Read more »

Blink Features ‘True Tales from Myanmar Startups’ Panel discussion

Myanmar is opening to business and creating a new generation of entrepreneurs. Challenges remain: the lack of a strong entrepreneurial culture and insufficient capital are hurdles especially for entrepreneurs leading startups. The opening discussion of this year’s Global Entrepreneurship week Myanmar unlocked the behind-the-scenes stories of young Myanmar entrepreneurs and… Read more »


Myanmar SMEs to get $50m loans from Singapore, Vietnam

Myanmar will receive $50 million in loans from Vietnam and Singapore, to be distributed to small and medium enterprises (SMEs) by the Small and Medium Industrial Development Bank, authorities said. Starting in April 2015, the Small and Medium Industrial Development Bank will dish out $30 million from Vietnam and $20… Read more »


Globe Telecom eyes Myanmar

Philippines-based Globe Telecom Inc is considering Myanmar as a potential expansion area and is looking into the possibility of expanding operations within ASEAN, the company said in a statement. Myanmar is a potential expansion area for Globe Telecom, president and CEO Ernest Cu told participants during the recent Asia Pacific… Read more »


Golden City partners Reebonz for Myanmar play

Golden City, a Singapore-led luxury real estate development project, said it has signed an official partnership agreement with Southeast Asia-focused online luxury sales company Reebonz. This partnership marks the start of luxury shopping to the growing middle class in Myanmar by launching the country’s first multi-label luxury boutique. In the… Read more »


Mitsubishi seals deal to operate Mandalay airport

Two Japanese companies, along with local firm Yoma Development Group Ltd, will renovate, operate and maintain Mandalay International Airport for 30 years in a deal announced last week. Mitsubishi Corp, JALUX and Yoma signed the deal with the Department of Civil Aviation (DCA). The concession agreement is set to go… Read more »


Filipino realtor, City Mart tie up for Myanmar property project

The Philippines’ oldest and largest conglomerate Ayala Corp has formed a partnership with Myanmar’s leading supermarket chain City Mart Holdings to tap Asia’s last frontier’s booming property market. The real estate arm of Ayala will team up with City Mart for a mixed-use project in Yangon, Paolo Borromeo, head of… Read more »


Taiwan’s Electronic Makers to Build $450-m Industrial Park in Myanmar

The Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) is to invest NT$14 billion ($452.64 million) to develop an industrial park in southern Myanmar. The park will provide a base for dozens of Taiwanese electrical-component makers, and create hundreds of semi-skilled jobs if the project goes ahead. Taiwanese media earlier cited… Read more »


Ideabox, Amazon Launch Myanmar in the Cloud

Ideabox Myanmar announced that it has joined the Amazon Web Services (AWS) Activate program to provide more resources to its portfolio of startup companies. AWS Activate is a program designed to provide startups with the resources needed to get started quickly and easily on AWS platform. “It’s a great program to… Read more »


Yongnam Holdings wins $1.4b airport deal

A consortium led by Singapore-based Yongnam Holdings has won a $1.4 billion deal to build a new airport in Myanmar, the latest in a series of global deals as the country opens itself up after decades of isolation. The consortium – comprising Yongnam Holdings Ltd, Changi Airport Planners and Engineers… Read more »