AIM-listed MySQUAR Ltd, a Myanmar-language social media, entertainment and payment platform, has announced the acquisition of mobile payment operator MyPAY Myanmar Ltd, for a consideration of 2 million ($2.6 million), according to its filing on the London Stock Exchange. MySQUAR simultaneously also announced raising 2.2 million ($2.9 million) through a convertible bond issue offering to […]
Digital consulting firm nexlabs attracts US$150,000 from MSH
May 29, 2018 by
London-listed? Myanmar Strategic Holdings Ltd has agreed to make a strategic minority investment in Myanmar-based digital consulting firm, nexlabs, worth a total of US$150,000, the investment holding company said yesterday. MSH said in a statement that nexlabs, under CEO Ye Myat Min, has created and developed digital products and integrated marketing solutions for a wide […]
Myanmar Strategic Holdings in JV to operate Yangon private school
April 9, 2018 by
Myanmar Strategic Holdings (MSH) and Auston Institute of Management have formed a joint venture to set up and operate a private school in Yangon, according to an April 6 announcement by MSH, which is listed in London. As part of the agreement, MSH will provide the required funding, which is estimated to be around half […]
Myanmar Strategic plans to open up to ten hostels
August 18, 2017 by
Hostel and language school operator Myanmar Strategic Holdings Limited (LON:SHWE) is to debut on the London Stock Exchange through a standard listing later this week, industry website proactivestors.co.uk reported on 14 August. The operator of three hostels and an English learning centre in Myanmar, MSH will raise US$4.2mln for further expansion. At the list price […]
Microfinance Institution MFIL Secures $1m Loan From Malaysia’s Maybank
May 18, 2017 by
Myanmar Finance International (MFIL), the mircrofinance joint venture of investment company Myanmar Investments International (MIL), has secured a $1 million loan off Malaysian lender Maybank. The funds will see MFIL try to grow its outreach from 42,000 customers and expand its loan portfolio, which stood at $5.7 million as of February, said a company press […]
Business Chiefs Hail ‘Final Frontier’
March 15, 2017 by
Will Myanmar be able to cope with the fast-paced dynamic landscape of the world’s economic climate as it records the fastest GDP growth in Asia? Is the government doing enough? Is Myanmar equipped to handle the torrent of foreign interests waiting to pour into Myanmar? These were some of the questions business leaders […]
Overseas Private Investment Corporation to Disburse $250 Million Investment in Telecom Tower Infrastructure Project
June 20, 2016 by
NEW YORK & SAN FRANCISCO & WASHINGTON & YANGON, Myanmar–(BUSINESS WIRE)–The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that it has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar Limited, based in Yangon. The disbursement marks OPIC’s first financing in the country as well […]
Yangon Stock Exchange needs more time to succeed, experts say
June 8, 2016 by
THERE IS a long way to go for the Yangon Stock Exchange (YSX), which opened for trading late March, to achieve success and sustainability, capital market experts said at a panel discussion during the Myanmar Business Leaders’ Inaugural Summit last week, Aung Htun, managing director of Myanmar Investments International, an investment holding company listed on […]
Frontier Markets: Myanmar, Explosive GDP Growth
March 11, 2016 by
The reason I’m revisiting Myanmar is because recently the State Bank of India (SBIN), together with the Vietnam Bank for Investment and Development, Taiwan’s E SUN Commercial Bank (2884:TT), and South Korea’s Shinhan Bank, were all granted permits to operate in that country. Last year, the first round of permits were granted to ANZ Banking […]
Burmese oil explorer keen to invest in India
February 8, 2016 by
A Myanmarese businessman with stakes in South African and Australian offshore oil blocks is keen to invest in diverse sectors in India which is poised to become the world’s fifth largest consumer market by 2030. But he says India still needs to bring business reforms to attract foreign investments. “Yes I am looking for some […]
