Myanmar

No female decision-maker at 77% of SE Asia-headquartered venture firms

The report covered 380 venture investors in Southeast Asia.

In 2020, Ascent Capital Partners led a $26-million minority investment in Frontiir

At least $20m will be for green financing — IFC’s first green loan in Cambodia.

Telenor in May 2021 wrote down the value of its Myanmar business by 6.5 billion crowns ($751 million).

The project was facing operational difficulties after Mitsubishi announced its withdrawal in February.

Fund managers say major economies in SE Asia are better placed to weather a challenging global climate.

Myanmar accounted for 7% of Telenor’s earnings in 2020.

PTTEP is a unit of state-owned energy firm PTT Pcl.

Startups founded or co-founded by women in SE Asia bagged $4.43 billion last year.

Telenor will be selling the business to Shwe Byain Phyu and M1 Group.