Myanmar Digest: Ringier buys MyJobs; Trust Venture picks stake in FMR

A woman online shopping with a touch-screen device. Photo: Unsplash

Ringier AG, which operates in Vietnam and Myanmar, has acquired a job portal in Myanmar, MyJobs.com.mm, while Trust Venture Partners (TVP) has completed a minority strategic investment in Frontier Myanmar Research (FMR).

Ringier AG buys MyJobs.com.mm

Switzerland’s Ringier AG – which operates media, e-commerce and entertainment platforms with presence in Vietnam and Myanmar – has announced the acquisition of Pyramid Solutions Co Ltd, owner of Myanmar’s online classified job platform, MyJobs.com.mm.

The acquisition was made in cooperation with Ringier AG’s local partner Information Matrix Co. Ltd.

Post acquisition, MyJobs.com.mm joins other existing portfolio platforms of Ringer AG in Myanmar, which are Duwun.com.mm, Marry.com.mm and Kalay.com.mm.

“We are going to continue to further strengthen Ringier’s footprint in digital publishing and marketplaces in Asia and to shape Ringier to a well digitized media company,” said Robin Lingg, head of international marketplaces, Ringier AG.

Started in 2012, MyJobs.com.mm has got 4,300 active listings and claims to have nearly 1.9 million followers on social media.

Myanmar also has another online job platform, JobNet.com.mm which raised a seven-digit dollar sum earlier this year.

Trust Venture Partners picks minority in Frontier Myanmar Research

Yangon-based financial advisory firm Trust Venture Partners (TVP) has completed a minority strategic investment in Frontier Myanmar Research (FMR), according to the company announcement.

The investment will see the two companies leverage each other’s expertise, FMR’s research insights and TVP’s advisory services, to support foreign and local investors in Myanmar to raise funds.

Post investment, TVP will exclusively distribute FMR’s subscription services on sectors like energy, financial services, real estate and transport infrastructure to Japanese clients, for whom TVP acts as a market entry point into Myanmar.

Established in Myanmar in 2014, FMR is backed by Frontier MEA Ltd, a privately-owned UK firm focused on business and investment research in frontier markets.

Also Read:

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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.

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.