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 GS Battery Co Ltd and Japan’s GS Yuasa Corporation, plans to expand its  resources in Myanmar with a $10.14 million investment approved by the government earlier this year, according to the Directorate of Investment and Company Administration.

Its factory in Myanmar, located at the Thilawa Special Economic Zone, will be using the proceeds for the import, charging and wholesale of energy storage, automotive battery and lead-acid batteries.

Since 2013, GS Yuasa has increased its ownership in Siam GS Battery. With the rise in demand for automobiles in Southeast Asia, the company has planned to accelerate its growth by investing resources in Myanmar, Laos, Cambodia, and other areas in the Mekong region.

Kalbe to invest $18.25m in pharma factory

Kalbe Farma, a pharma company operating in Southeast Asia, has secured approval to invest $18.25 million to manufacture and sell  products in Myanmar, according to the Directorate of Investment and Company Administration.

The firm, which has offices in Singapore and Indonesia, is setting up its factory in Thilawa Special Economic Zone for the manufacturing and wholesale of over-the-counter medicines.

Kalbe Farma is also currently setting up a biopharmacy raw material manufacturing plant in West Java, Indonesia, which will be ready for commercial operation by this year.

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Myanmar Digest: Dutch Trouw Nutrition, Japan’s Oshimanoki plan investments

 

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. 
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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.