Beijing’s New Toys in Myanmar

A year after Chinese President Xi Jinping’s first state visit to Myanmar, Foreign Minister Wang Yi is scheduled to arrive in the capital Naypyidaw today for a two-day official visit. The trip to Myanmar follows an African tour that has taken Wang to Nigeria, the Democratic Republic of Congo, Botswana, Tanzania, and the Seychelles. The […]

AYA Bank, AYA SOMPO Insurance and AIA Myanmar launch Groundbreaking Strategic Bancassurance Partnership

The collaboration aims to increase protection and drive insurance penetration in Myanmar. This strategic partnership will enable life, health and general insurance solutions from AYA SOMPO Insurance and AIA Myanmar to be offered across AYA Bank’s extensive branch network throughout the country. U Myint Zaw, Managing Director of AYA Bank, said, “This partnership is an […]

Yoma Strategic to buy controlling stake in e-payment firm Wave Money

Yoma Strategic on Wednesday (June 24) said it would acquire a controlling stake in Wave Money, one of Myanmar’s leading mobile payment companies, for US$76.5 million. Under the deal, Norwegian Telenor Group will sell its existing 51 percent stakes to Yoma MFS Holdings (Wave Holdco), a company established with $25 million capital from Singapore-listed Yoma […]

Australian Law Firm Webb Henderson appointed as Legal Counsel for Ooredoo

Subscribe to our tender alert mailing list Webb Henderson has ventured some distance from its humble origins as a trans-Tasman firm with its latest achievement: the firm has been appointed as legal and regulatory advisors to Qatar, Abu Dhabi and London-listed communications company Ooredoo for its Myanmar operations. The firm is advising Ooredoo on strategic […]