By Juliet Shwe Gaung
edotco group has taken an additional 12.5 percent stake in its entity in Myanmar edotco Myanmar, reaching 87.5 percent holding.
Thailand’s TCCC will be investing $12.5 million while CPP Fertilizer Co ltd will be putting in $10.5 million.
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 »
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 is looking into expansion in Myanmar as South East Asia and recently singed an agreement for partnership for growth in the Myanmar market.
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.
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 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.
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.
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.