Myanmar Digest: BASF opens first chemical plant; Precision Auto to invest $1.35m


Yangon has seen 846 foreign investments approved for a total of $20.2 billion.

LSE-listed Myanmar Strategic Holdings to put $150k in digital consulting startup nexlabs

nexlabs had earlier received a six-digit investment led by Singapore VC Vulpes and Bilbros Capital Partners.

Myanmar green lights formation of Singapore firm-backed credit bureau JV

The Central Bank of Myanmar has issued a licence to Myanmar Credit Bureau Limited, a JV between Myanmar Bank Association and Singapore’s Asian Credit Bureau Holdings.

TPG said to pursue deal to create Myanmar’s biggest tower owner

TPG-backed Apollo Towers Myanmar is seeking to merge with rival Pan Asia Majestic Eagle.

Myanmar: Diamond Dragon, Fraser & Neave, Starbucks plan investments

The Myanmar Investment Commission has approved a spate of investments from Diamond Dragon Co Ltd, Singapore’s Fraser & Neave and US coffee chain Starbucks. 

Three companies set to seek listing on fledgling Yangon bourse

The three firms which are poised to join YSX include Great Hor Kham, Myanmar Agro Exchange and logistics player Ever Flow River.

IFC may invest up to $13m in Myanmar’s microfinance firm Keb Hana

IFC is considering a proposal to extend up to $3 million equity financing and a local currency equivalent loan of up to $10 million to Keb Hana Microfinance Limited (KHMF).

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