Yoma Bank has become Myanmar’s first commercial lender with a foreign stakeholder following a decision by the International Finance Corporation (IFC) to convert a US$5 million loan into a five percent equity shareholding. The IFC, the investment arm of the World Bank Group, provided the convertible loan package to Yoma Bank in 2014 to help […]
TVP invests in FMR to tap into Japanese clientele
September 20, 2018 by
Local financial advisory Trust Venture Partners (TVP) will make a minority investment into business information firm Frontier Myanmar Research (FMR). TVP will exclusively distribute FMR’s subscription services on energy, financial services, real estate and transport infrastructure to Japanese clients, for whom TVP acts as a market entry point into Myanmar. The two companies will also […]
Electricity subsidy is wrong, Pun tells minister
September 17, 2018 by
Business leader Serge Pun weighed into the debate on the country’s energy tariff reforms at the Myanmar Global Investment Forum in Nay Pyi Taw on September 11, calling the electricity subsidy “wrong” and saying that the authorities are not pushing reforms due to “political sensitivity.” “I think it [subsidising electricity] has always been a wrong […]
