An exterior shot of the Hilton Midtown in New York in this June 7, 2013 file photo. REUTERS/Andrew Kelly

Myanmar Dealbook: Bluescope Lysaght to invest $6.4m; Hilton lines up projects


Bluescope Lysaght, one of Asia’s largest steel building products manufacturers, is looking at investing $6.4 million in a manufacturing facility in Myanmar while hospitality major Hilton Group has lined up plans to set up three hotels in the frontier market.

Singapore’s SMI sells telecom tower business in Myanmar for $12.7m

Singapore’s main board listed Singapore Myanmar Investco (SMI) is divesting its telecommunications tower business to Hong Kong’s Shining Star International Holdings Limited for about $12.7 million.

Myanmar Dealbook: Wave Money gets central bank nod; Shipyard JV to produce 30 vessels

Wave Money is working on launching its mobile financial service after getting the certificate of approval from the Central Bank of Myanmar. Meanwhile, Myanmar Shipyard Dong A Ltd and Great Sea Transport and Logistics Company are planning to make 30 ships.

Myanmar: Group Lease enters financial service JV with Aung Moe Kyaw

Group Lease Public Company Limited (GL) has partnered with Aung Moe Kyaw for financial service.

Myanmar: Ascend-backed TrueMoney launches money transfer from Thailand

TrueMoney launched its inbound money transfer solution in Myanmar.

Vietnam’s Viettel-backed group to kickstart Myanmar telecom ops in 2017, to invest $2b

The group backed by Vietnam’s telecom major Viettel – the fourth operator in frontier market Myanmar – is expected to invest up to $2 billion over a five-year period as it gears to kickstart operations in early 2017, a board member of the local consortium said.

Infra Capital Myanmar to sell two agri-infrastructure projects by end of 2016

ICM is planning to sell two of their projects under the agriculture and agri-support sector by the end of 2016.

Myanmar banking group KBZ seeks insurance arm listing, fintech ally

KBZ has interests in banking, insurance, aviation and tourism.

Myanmar Dealbook: KBZ starts rep office in Singapore; Shinhan Bank begins ops

Myanmar’s KBZ Bank has opened its representative office in Singapore while South Korea’s Shinhan Bank is beginning operations in the frontier market.

Yangon-listed Myanmar Thilawa SEZ plans share split, appoints new CFO

Yangon Stock Exchange-listed Myanmar Thilawa SEZ Holdings Public Limited (MTSH) has proposed to a share split in the ratio of 1:10 in a bid to increase the stock’s liquidity and affordability.