Myanmar-focused UMJ Ikeya scouts for scalable startups, mulls follow-on rounds


Apart from fresh investments, UMJ Ikeya is also bullish on backing its existing bets

IFC to extend $15m long-term financing to Thilawa River Port terminal project

After completion, the greenfield project at Thilawa will be the first bulk terminal in Myanmar.

IFC proposes to invest $15m in KM Terminal and Logistics’ port projects in Myanmar

The dry ports, to be located in Yangon and Mandalay, have a total project cost of $45 million in talks for partnerships with foreign real estate firms

The property listings portal is looking at such deals to cross-promote real estate projects in various countries.

Myanmar’s agtech firm Impact Terra bags nearly $3m in grants

The grant comes from Geodata for Agriculture and Water (G4AW) Facility, a programme of the Dutch Ministry of Foreign Affairs, and Singapore’s Leap201.

Tony Fernandes says in talks to expand AirAsia to Myanmar by October

A number of companies have also been looking at Myanmar for its policy of slowly opening to foreign investment and its rapid economic growth, although Japan’s ANA Holdings last year dropped a plan to form an airline with local partner Golden Sky World, after authorities rejected their application.

Mandalay Coffee Group secures $596K loan from Yoma Bank

Mandalay Coffee Group expects to increase its export volume more than 200 per cent in 2018.

Vietnam’s Eurowindow plans to invest up to $120m in Myanmar factories

Eurowindow’s first factory in Myanmar is expected to produce doors and windows while the second factory will manufacture other construction materials.

Myanmar to re-develop six-decade-old Yangon station in $2.5b project

Myanmar last month selected a consortium of local developer Min Dhama Co., Singapore’s Oxley Holdings Ltd. and China’s Sino Great Wall Co. as the preferred bidder for the redevelopment.

Philippine unicorn Revolution Precrafted enters Myanmar in pact with KT Group

It signed a dealership agreement with Yangon-based KT Group to manufacture and supply prefab homes in Myanmar,