Myanmar opens up insurance sector for foreign players


At least five joint ventures specialising in the life and non-life insurance space are expected to enter the market, with local companies holding majority stake.

Oral care brand Zingo parent raises $350k for rollout across Myanmar

Angel investors and family offices from China, the US, Europe and Australia joined the round.

Ascent Capital gathers over $50m from Temasek, ADB, others for Myanmar-focused fund

ADB’s contribution to the fund amounts to $10 million.

Vietnamese ride-hailing app FastGo’s JV in Myanmar targets to invest $3m in 2019

FastGo has formed a joint venture with local business house Asian Sun Group which is engaged in manufacturing and trading activities.

Kiu mulls investing over $3m to build SME lending platform in Myanmar

In Myanmar, Kiu is working with six partner banks including the IFC, Yoma Bank, Co-operative Bank, among others.

OUE Lippo Healthcare acquires stakes in two Myanmar firms for $19.5m

OUELH will acquire a 40% stake in Yoma Siloam Hospital Pun Hlaing, which operates three hospitals, one medical centre and two clinics, and a 35% stake in Pun Hlaing International Hospital.

LSE-listed Myanmar Strategic Holdings picks 8% stake to fully own MS English

MSH, which previously owned 92 per cent in the company, has taken over MS English, which holds the rights to the Wall Street English franchise.

APAC Digest: NZ-based LearnCoach gets $1.5m; Myanmar’s Greenovator bags grant

New Zealand-based online education platform LearnCoach has secured $1.5 million in seed funding while Myanmar agri-mobile platform Greenovator has snagged a six-digit grant from the GSMA Ecosystem Accelerator Innovation Fund.

LSE-listed Myanmar Strategic to set up Yangon American International School

The establishment of the school will mark the LSE-listed investment firm’s third initiative in the education sector.

Yangon Capital Partners to invest in up to 30 startups over three years

YCP will prioritise investments in technology startups that are solving problems in the areas of education, healthcare, and agriculture.