Taxi-hailing app Grab reveals Myanmar expansion plans. Uber set to follow


Singapore based Grab has launched a beta trial of GrabTaxi service in Yangon.

FibreLink Myanmar in talks to raise $25m equity for mega telecom infra project

It is in talks with financial and strategic investors.

Myanmar’s new struggle: Keeping the faith of foreign investors

Investors are attracted by untapped potential, abundant natural resources and low wage workforce.

Myanmar Dealbook: Korea’s Koryo Cable to invest $8.2m; Malaysia’s iflix entry

Koryo Cable from Korea is planning to invest $8.2 million to start a cable manufacturing facility in Thilawa. On the other hand, Malaysia’s iflix, a TV streaming service provider, is looking at introducing their services to the Myanmar audiences. Korea’s Koryo Cable to invest $8.2m Korea’s Koryo Electric Wire, a manufacturer of… Read more »

Myanmar’s largest private bank KBZ Bank may sell stake to foreign firm

Existing laws don’t allow foreign investors to hold stakes in local banks

Myanmar mobile payment firm MyPAY to acquire Singapore’s fastacash

MyPAY will make a 100 per cent acquisition of Singapore’s fastacash.

Myanmar Dealbook: Thai Sahadharawat Co Ltd, Soibuild Group plan investments

Thailand’s metal packaging firm Sahadharawat will be investing $5.1 million for manufacturing metal cans in Myanmar. Also, Singapore’s leading property group Soibuild is setting up a plant at an investment of $13.9 million to produce steel products in the country. Thailand’s Sahadharawat Co Ltd to invest $5.1m for metal cans… Read more »

Myanmar: Credera Group gets $50m in commitments for $100m vehicle

It plans the final close for this vehicle by third quarter of 2017.

Singapore’s Yoma and METRO join hands for wholesale distribution in Myanmar

Yoma Strategic Holdings Ltd has partnered with METRO GROUP to establish a wholesale distribution platform.

Myanmar Dealbook: Australia based TYTC’s $16.29m project; Japan’s Yanmar and Mitsui &Co JV

TYTC Services from Australia is almost ready to handle the waste collection system in Yangon. Japan’s Yanmar and Mitsui & Co joint ventures for agricultural solutions through machineries.