Myanmar: Microfinance firm MFIL secures $6m loan from Yoma Bank


Myanmar Finance International Limited (MFIL) will use the loan to further expand its loan portfolio and open new branches in Yangon and Bago.

Myanmar delivery startup Food2U gets six-digit sum from Premium Distribution

In May last year, Food2U raised a six-digit amount from individual investors

Myanmar: Yoma Bank to extend $2.6m debt to Maha Agriculture Microfinance

The proceeds of the latest financing will enable Maha Agriculture Microfinance to reach out to an additional 6,000 farmers

IFC plans to extend $6m financing to Sanctum Inle Resort in Myanmar

Established in April 2016, Sanctum Inle Resort has raised $20 million through a combination of bank loans, investor loans and equity.

Myanmar’s Oway raises $14.7m from IFC, Daiwa, others

The funding round was joined by Belt Road Investment Group, NSI Ventures and Cambodia-Laos-Myanmar Development Fund II LP, a fund under Emerging Markets Investment Advisers.

Myanmar Digest: Great Hor Kham eyes IPO this year; Yangon Industrial Gas to put up $14.3m plant

Engineering firm Great Hor Kham is planning to sign a power purchasing agreement by April which will help the company proceed with its listing on the Yangon Stock Exchange in 2018. In another news, Yangon Industrial Gas (Thilawa) Co Ltd has secured the approval to invest $14.35 million in its… Read more »

Asia Digest: Myanmar Strategic Holdings forms education JV; PopDigital buys,

Myanmar Strategic Holdings has formed a joint venture with Auston Institute of Management, an operator of private schools in Singapore and Sri Lanka, to set up and operate a private school in Yangon.

Myanmar Digest: Siam GS Battery, Kalbe Farma draw up investment plans

In multiple investment updates from Myanmar, Thailand’s Siam G S Battery is putting in $10 million to set up its plan while Kalbe Farma is pumping in $18.25 million for its pharma products factory. Siam GS Battery to invest $10m Siam GS Battery Myanmar Co Ltd, backed by Thailand’s Siam… Read more »

Singapore energy management firm SensorFlow raises $573k

The system also helps with getting real-time insights into energy management and preventative maintenance.

IFC, Norfund join $28m investment in Myanmar-based Yoma Micro Power

Post the investment, IFC and Norfund will hold 30 per cent stake each in the firm, while Yoma Strategic will own 35 per cent.