By Juliet Shwe Gaung
shop.com.mm and kaymu.com.mm are in talks with banks, delivery service and other programs for expansion.
Some of the investment made by foreign PE funds include- US-based TPG capital investing in Apollo Tower and Myanmar Distillery Company , Golden Rock Capital investing in Myanmar Personal Care, PMM Partners in whiskey, milk product, and oil drilling sectors.
International Finance Corporation (IFC), the lending arm of the World Bank ,has extended a financing facility of $10 million to Myanma Awba Group Company Ltd, for the development of a crop protection plant in the country.
United International will use the funds to build a new 114-room hotel in Bagan, and a 110-room hotel and 20 villas in Nyaungshwe, for an estimated total cost of $29 million.
Investment advisory Sandanila co-founder Thiri Thant Mon says, “Myanmar is seen as the next frontier. A lot of investors are excited, people are looking at Myanmar, but the big rush has not come yet. The kind of rush that Vietnam or China experienced.”
Loi Hein to start ops for $23.5 m can manufacturing with Japan’s Toyo Seikan. The concession agreement for the Hanthawaddy International Airport project to be signed in December 2016.
Pun Hlaing Lodge Hotel management will invest $19 million in building the five start hotel; Maxxcare to invest $21.6 million for a warehouse in Yangon.
Singapore-based Credera Group is targeting to close a Myanmar-focused investment fund with a corpus of $100 million by 2017, with two greenfield investments already reaching advanced stage of discussions.
China agrees aid of $150m; JICA will issue a K30 billion ($25.2 million) loan to Myanmar Economic Bank to support SMEs thorough loan from six commercial banks.
Myanmar Dealbook: Industrial estate developer Amata to enter Myanmar; Thailand and Singapore to invest $400m in solar parks
Amata Corp is planning to come in Myanmar by 2020. Two companies from Thailand and Singapore to invest in Solar.