By Juliet Shwe Gaung
Burst Networks is raising $12 million to be the fist in the country to company Tier IV specification.
BOD Tech has also invested in a number of companies including Flymya.com, inmya.com, shopmyar.com, yangond2d.com, laundry.com.mm and onemya.com. Their latest investment is in food delivery start-up, Door2Door.
The Netherlands-based De Heus, a global leader in the animal feed business, has invested euro 10 million ($11.2 million) in a greenfield production facility in frontier market Myanmar.
Myanmar: Need to find investment opportunities for available capital, says YGA Capital’s Thura Ko Ko
“In Myanmar, it is very difficult to try and pin-point exactly what it is you will do. You need to be flexible because you don’t know when the next opportunity will come. Some opportunities may appear attractive but when you get closer to the details, you may find that there are many issues.”
The deal marks Anthem Asia’s ninth investment in Myanmar. The investment firm will pick a “significant minority stake” in the restaurant firm as part of the transaction. With this investment, Rangoon Tea House intends to expand its operations as well as develop new concepts and brands.
Myanmar’s e-commerce business is becoming attractive after foreign telecom operators entered the country in 2014. German start-up Rocket Internet also entered the Myanmar though shop.com.mm and kaymu.com.mm.
IFC, the private lending arm of the World Bank, plans to set up an accumulated portfolio of about $600 million by the end of 2016, doubling its current amount of $386 million, said Vikram Kumar, country manager of the IFC in Myanmar.
The Myanmar government is looking at deepening its capital and bond markets following the opening of the Yangon Stock Exchange this year.
MySQUAR, Myanmar focused social media and entertainment and payments platform in local language has expanded its ops with the launch of two new games and plans to tap the e-payments and remittance market soon. The company also plans to launch additional games. The AIM-listed MySQUAR Ltd launched Myanmar-language games -Hawk… Read more »
The newly established company will be 99.9 percent owned by BDH Azier B.V, a private joint venture between Belgabroed, a leading hatchery of day-old-chicks in Belgium and De Heus Animal Nutrition, the world’s 15th largest animal feed producer from Netherlands.