Microfinance Firm Hayman Secures $1m Loan as Part of Aggressive Growth Plan

Microfinance lend­er Hayman Cap­ital has secured a $1 million loan from Malaysia’s May Bank as part of an ambitious EX ­pansion plan to enlarge its loan portfolio and be­come a market leader. The company said last week that it was hoping to receive the first tranche of the loan before the start of the Thingyan […]

Local Tech Firm Hopes to Find Partner for Fibre Infrastructure Project

Local tech company Myanmar FPT is looking for a local partner for a two phase, $50 million fibre infra­structure development. Myanmar FPT, owned by Vietnamese company FPT Corporation, has said that the first phase of the project, the National Web Portal, would begin later this month. “We hope to start work next month after Thingyan […]

SEZ to Import Japanese Agriculture Machineries

​​ Agricultural machinery manufacturer Yanmar Myanmar Co Ltd in Thilawa Special Economic Zone (SEZ) will not establish production lines in Myanmar but will import and distribute those machineries, Takesi Terada, the firm’s managing director, told the Myanmar Times. Yanmar Myanmar, a joint venture between Yanmar and the Japanese corporation Mitsui, has established import and distribution […]

Company That Moves Myanmar’s Restaurant Systems Into the Cloud to Get $500,000 Injection From Japan

The deal will see Globalway Ventures take a 30 percent stake of code2LAB A Japanese internet and cloud computing company is set to make its first venture into Myanmar via an investment in a company that offers mobile management services to restaurants. Tokyo-based Globalway Ventures is considering a $500,000 deal with code2LAB that would see […]