A security officer guards in front of the Axiata headquarters buiding in Kuala Lumpur May 28, 2014.  REUTERS/Samsul Said

Axiata acquires 12.5% additional stake in edotco Myanmar via local subsidiary


edotco group has taken an additional 12.5 percent stake in its entity in Myanmar edotco Myanmar, reaching 87.5 percent holding.

Thailand fertiliser firms TCCC and CPP to invest in Myanmar

Thailand’s TCCC will be investing $12.5 million while CPP Fertilizer Co ltd will be putting in $10.5 million.

Mekong investor network to bring overseas angels to tap Myanmar

Mekong Angel Investors Network (MAIN), started by the Asia Development Bank-backed Mekong Business Initiative and Lotus Impact Fund, is planning to undertake tour missions in Myanmar every quarter from February 2017 with the aim to bring angel investors to the frontier market. MAIN – whose network includes serial entrepreneurs from Asia-Pacific,… Read more »

Norfund-backed Myanmar Finance gets $1m Maybank loan to expand MFI biz

Myanmar Finance International Limited (MFIL), a microfinance joint venture of AIM listed Myanmar Investments International (MIL), has received a $1 million local currency loan from Malaysia’s Maybank to expand its portfolio in the country.

AntBuddy plans SEA expansion, targets Myanmar as first market outside Vietnam

AntBuddy is looking into expansion in Myanmar as South East Asia and recently singed an agreement for partnership for growth in the Myanmar market.

US Quasar Resources looks to invest up to $400 m in Myanmar power sector

Texas-based Quasar Resources, an energy development company, is planning to invest from $300 million to $400 million in the Myanmar power sector over the next five years.

Yoma Strategic spins off $50m Myanmar tourism business via RTO of SHC Capital Asia

Managed by a new CEO, Michel Novatin, SHC Capital Asia will be the dedicated platform to focus on tourism related opportunities in Myanmar and manage the company’s assets.

FPT to invest $50m to expand Myanmar operations

FPT Myanmar Company Limited, a fully owned entity of FPT Corporation, a leading ICT company in the region, is planning to invest about $50 million in the frontier country in the first phase till 2018.

JFE-backed waste-to-energy plant to start production in Myanmar in April 2017

Japan’s JFE Engineering Corporation – that is engaged in the waste-to-energy space – plans to kickstart production of its 700 kilowatt power plant in partnership with the Myanmar government by April 2017.

IFC to extend $13.5m convertible loan for two new Amata hotels in Myanmar

World Bank’s private lending arm International Finance Corporation (IFC) has signed an agreement with United International Group Ltd for a convertible loan of $13.5 million which will enable the firm to to build new hotels in Myanmar’s tourist spots.