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 […]
Draft Companies Law designed to remove obstacles for foreign investment
August 9, 2017 by
A new Myanmar Companies Law currently being drafted by legislators will remove cumbersome restrictions and make foreign investment easier, said Dr Myat Nyana Soe, the secretary of Amyotha Hluttaw Bill Committee. “The draft law was approved by Amyotha Hluttaw and the amendments made by Aymotha Hluttaw and Bill Committee are already submitted to Pyithu Hluttaw. […]
Rangoon Taxis Need Reform
May 23, 2017 by
Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]
Unilever forms Myanmar JV for home and personal care products
May 8, 2017 by
May 4 (Reuters) – Consumer goods maker Unilever signed a joint venture deal with Myanmar’s Europe and Asia Commercial Co Ltd (EAC), combining their home and personal care businesses to accelerate sales in a newly emerging market. The joint entity, with annual sales of more than 100 million euros ($109 million), will provide both companies […]
Daibochi Plastic secures regulatory approval for Myanmar JV
May 5, 2017 by
Daibochi Plastic and Packaging Industry Berhad has secured regulatory approval from the Myanmar Investment Commission (MIC) for its joint venture (JV) company, Daibochi Packaging (Myanmar) Company Limited (DPM), to commence operations. The company said in a press statement today that DPM is a JV between its wholly-owned subsidiary, Daibochi Flexibles Sdn Bhd and Myanmar Smart […]
Myanmar: The New Hotbed for Satellite
May 4, 2017 by
The stunning landscape of Myanmar hides a tempestuous past that features its struggle for independence and eventual democracy. In 2010, the country sat on the cusp of massive change when the military junta handed over power. After 48 years of oppressive rule, a metamorphosis is occurring across the country. The daily lives of Myanmar’s 51.4 […]
Flymya.com acquires UK technology for $600,000
April 27, 2017 by
As Tour Operator in Myanmar are eyeing to partner with foreign firms to serve their clients better, Flymya.com, the nation’s leading hotels and tours services website, has acquired Switch.cm, a London-based start-up specialising in building reservations platforms for the hotel and airline industry, for US$ 600,000. Mike Than Tun Win, chief executive officer of Flymya.com, […]
FLM has been granted Myanmar Investment Commission approval for a USD 859 million, fibre optic network deployment.
April 3, 2017 by
March 30, 2017 /EINPresswire.com/ — FibreLink Myanmar (FLM) , a Myanmar licensed NFS (i) telecommunications operator, has received its Myanmar Investment Commission (MIC) investment permit clearing the path to the deployment of FLM’s world class fibre network. Following an exhaustive process by MIC, FLM believes that its investment approval was granted based on the importance […]
Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar
March 22, 2017 by
Southeast Asia’s ridesharing war is spreading to a new frontier after rivals Grab and Uber revealed plans to expand into Myanmar, the country formerly known as Burma. Singapore-based Grab announced its launch in the country today, its first new market expansion in nearly three years, to take it to seven markets… but its U.S. rival […]
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