capital

Ascent Capital closes Myanmar fund after elections

November 12, 2020 by Thiha

Singapore fund manager Ascent Capital Partners announced the final close of its debut Myanmar-focused fund, the Ascent Myanmar Growth Fund I LP (AMGF), on November 11. AMGF has attracted total capital commitments of US$88 million since its establishment in 2018, which it says makes it the world’s largest Myanmar-focused private equity fund. This comes after […]

Filed Under: Latest News Tagged With: AMGF, Ascent, capital, consumer, Corporation, democracy, establishment, expecting, Myanmar-focused, Parliament

Insurer, bank tie up to provide bancassurance in Myanmar

September 17, 2020 by Thiha

Capital Taiyo Life Insurance and Myanmar Citizens Bank have announced that that they will cooperate to provide life insurance products in Myanmar. Capital Taiyo Life and Myanmar Citizens Bank (MCB) signed announced on Friday that they had signed an agreement on June 29 to provide bancassurance products via MCB’s network of branches. The agreement brings […]

Filed Under: Latest News Tagged With: Agreement, bancassurance, business, capital, Insurer, Myanmar, Provide, stock exchange, Taiyo

UMG Idealab invests in Myanmar’s Zay Chin, Indonesia’s Moodco

September 14, 2020 by Thiha

UMG Idealab, the early-stage venture capital arm of Myanmar trade conglomerate UMG Group, has added two new companies to its portfolio after closing investments in Yangon-based online grocery delivery startup Zay Chin and Indonesian chocolate-maker Moodco last month. The VC firm did not disclose the size of the investments but said both were seed-stage deals. […]

Filed Under: Latest News Tagged With: capital, Decision, invests, Moodco, technological, UMG, Upgrades

Yangon Broom raises funding led by Yangon Capital Partners to launch mobile app, training school

September 11, 2020 by Thiha

Yangon Broom, a Myanmar-based company, today announced that it has raised an undisclosed third funding round led by Yangon Capital Partners, the investment arm of a financial advisory company Trust Venture Partners. Other backers include existing investors such as Emerging Markets Entrepreneurs (EME) and NestTechVN, who had previously invested a five-figure funding round in the […]

Filed Under: Latest News Tagged With: capital, Households, investments, Markets

Myanma Apex Bank gives loans to almost 700 farmers this harvesting season

July 6, 2018 by Thiha

A pilot project which provides loans to farmers spearheaded by Myanma Apex Bank (MAB) and Myanmar Rice Federation (MRF) has supported almost 700 farmers for this harvesting season to date, according to the MRF. U Ye Min Aung, MRF secretary, said that the MAB has provided medium-term loans to farms in agriculture, livestock and fishery […]

Filed Under: Latest News Tagged With: agriculture, Ayeyarwaddy, Bago, capital, Farmers, finances, fishery, harvesting season, Kayin, Livestock, Loans, MAB, MADB, mandalay, MRF, MRF secretary, Myanma Apex Bank, Myanmar Agricultural Development Bank, Myanmar Rice Federation, Nay Pyi Taw, rakhine, Sagaing, U Ye Min Aung, Yangon

National Prosperity Company under scrutiny on gold debt to gov’t

July 27, 2017 by Thiha

Negotiations are currently being carried out for NPC to make the payments. The company owes 5.5 tonnes of gold (over 3,400 viss) priced at a fixed rate to the government. NPC has an 8-year contract with the government to mine for gold in the resource-rich Moehti Moemi area, which spans over 6,000 acres of land. […]

Filed Under: Latest News Tagged With: 8-year contract, Amyotha Hluttaw, auction rules, bid, capital, debt, Development Party president, exchange, fixed rate, gold, government, Moehti Moemi area, MP U Saw Moe Myint, Myanmar, Myanmar gold, National Prosperity Company, Natural Resources and Environmental Conservation, Nay Pyi Taw, NPC, NPC’s website, payments, President's Office, product sharing ratio model, tender, The Myanmar Times, U Ohn Win, U Phyo Si Thu, U Thein Sein’s administration, Union Minister, Union Solidarity, Yangon Stock Exchange

Insurance liberalisation must strike delicate balance in Myanmar

February 2, 2017 by Thiha

Insurance is normally a highly competitive industry, but in Myanmar – only recently opened to the international market – that competition is highly controlled. Nyo Myint, Vice Chairman of IKBZ Insurance, explains that although the monopoly of the state-owned Myanma Insurance has ended, the country’s 12 insurance companies are still relative novices. Myanmar’s insurance industry […]

Filed Under: Latest News Tagged With: brokerage companies, capital, co-insurance model, competitive industry, domestic industry, foreign insurance companies, Foreign insurers, human security, insurance, Insurance liberalization, International Market, local insurance companies, monopoly, Myanmar, Myanmar’s finance services, Myanmar’s insurance industry, Myanmar’s Thilawa Special Economic Zones, Nationwide Ceasefire Agreement, Nyo Myint, peace conference renders national development, premium insurance products, Representative Offices, six composite insurers, six life insurers, state-owned Myanma Insurance, tariff-based industry, Vice Chairman of IKBZ Insurance, World Finance

China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi

April 11, 2016 by thiha

HONG KONG – China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume. Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and her Chinese counterpart, […]

Filed Under: Latest News Tagged With: aung san suu kyi, Beijing, capital, China, Chinese Ministry of Foreign Affairs, Dawei, European, Guangdong Zhenrong Energy Co, Hong Kong, Japan External Trade Organization, JETRO, Kyodo News, Lower House, Myanmar, National League for Democracy, Naypyitaw, Nobel Peace Prize, President Thein Sein, President Xi Jinping, Prime Minister Shinzo Abe, Shanghai, Southeastern Asian, The Paper, The plant, Tokyo, us, Vying, Wang Yi, Yangon

Capital Goods Make 40pc of Imports

June 9, 2015 by thiha

An official from the Ministry of Commerce said that capital goods form the bulk of the country’s imports and industrially produced products form the largest portion of exports. Capital goods, also called producer goods, is used in the production of goods or services. These are usually heavy equipment such as excavators, forklifts, generators, metal-forming or […]

Filed Under: Latest News Tagged With: capital, export, finance, import, investment, Ministry of Commerce, Trade, U Win Myint

Chinese stampede upsets markets

December 2, 2014 by thiha

Billions of dollars from opaque sources in China may be flowing into Myanmar each year, causing excessive volatility in areas such as the local real estate market, according to experts. Flows have increased recently as Chinese political and business leaders respond to efforts to curb corruption, causing many to look abroad to store their ill-gotten […]