Myanmar Digest: MSH gets nod for Yangon school; SPARX backs MyanCare

Downtown Yangon, Myanmar. Photo: Pixabay

Myanmar Strategic Holdings has secured the approval from the government to start its Yangon American International School project. Meanwhile, healthtech firm MyanCare has raised investment from Japan’s SPARX investment group.

Myanmar Strategic gets nod to start Yangon American school

LSE-listed Myanmar Strategic Holdings (MSH) has secured the approval from Myanmar Investment Commission to start the Yangon American International School, a $1-million project for pre-kindergarten to grade three students.

To be located at the earlier campus of British School Yangon, the school covers 3,000 square meters and a capacity of accommodating up to 400 students.

It aims to serve students from the ages 3-8 and is targeting a launch by August 2019.

The project, which will be entirely funded by MSH, will be developed under its subsidiary, American International Partners Ltd.

MyanCare Telemedicine raises capital from Japan’s SPARX

MyanCare Telemedicine, a healthtech company, has raised an undisclosed pre-Series A funding from Japan’s SPARX Investment Group, an equity and credit asset manager, according to an announcement.

MyanCare’s mobile app allows users to book a doctor and get online. Founded in 2017, MyanCare is led by Zaw Min Tun as chief executive officer of MyanCare. Dr Thein Aung, founder and chairman of the Parami Private General Hospital Group, is an advisor to the project.

SPARX Group has assets under management of JPY1,185.6 billion ($10 billion).

Also Read:

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

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

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

 

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.