Anthem Asia Myanmar SME Venture Fund invests over US$1 mln in Shan Orchard’s Hass Avocado Business

ANTHEM Asia Myanmar SME Venture Fund has made its first investment, providing over US$1,000,000 to Shan Orchard Myanmar Ltd. an early-stage agri-business focusing on growing Hass avocados and processing avocado oil. Shan Orchard, based close to Heho airport near popular Inle Lake, Southern Shan State, is an agriculture services business led by seasoned agri-business entrepreneurs […]

Myanmar fitness app Flexible Pass raises 6-figure pre-series A funding

Myanmar health and fitness app Flexible Pass has secured a six-digit amount in pre-series A funding from existing investors Yangon Capital Partners, Seed Myanmar, and Nest Tech. Flexible Pass’ mobile app, which is available for both Android and iOS devices, allows users to create an account, buy Flexible Pass points, and make bookings at 150 […]

ADB, Japan to provide US $12 million for poverty reduction in Myanmar

YANGON—The Asian Development Bank (ADB) and Japan are extending grant assistance of US $12 million (Ks 11.8 billion) for a community-driven project that will free some of Myanmar’s poorest rural communities from a vicious cycle of low-income poverty and minimal opportunities, according to a bank official. “This investment in rural infrastructure and livelihoods services will […]

ADB to loan $60m to improve energy sector

Bank says that poor infrastructure is resulting in a high level of electricity losses, while upgrades are necessary Nearly one-fifth of electrical power is lost before it reaches consumers because of ageing infrastructure, said the Asian Development Bank (ADB), which announced last week it will lend Myanmar US$60million to improve the electricity distribution system in […]