Yangon-based investment group Anthem Asia has announced that its debut fund, Anthem Asia Myanmar SME Venture Fund, has raised USD 34.5 million in commitments from three institutional investors, according to a report in the Myanmar Times. The fund, which is targeted to reach a total of $50 million, will reportedly focus on providing expansion capital for small and medium enterprises (SMEs) in Myanmar, in particular those operating in the areas of agriculture, finance , education, food and beverage, healthcare, logistics and marketing communications. “Myanmar offers many exciting opportunities and, in spite of the often difficult operating environment, has huge long-term potential as it re-engaged with the Asian and global economy,” said Ms Josephine Price, a partner with Anthem Asia, in a statement. The company currently has investments in several Yangon-based companies, including F&B group Rangoon Tea House, Thalun International School and Hintha Business Centres.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- Southeast Asian defense chiefs talk regional security with US, China, othersSource: Voice of America East AsiaNovember 21, 202422 hours ago
- World’s conflict zones increased by two-thirds in past three years, report revealsSource: GuardianNovember 21, 20241 day ago
- Myanmar photojournalist goes free after two years of imprisonment, tortureSource: Voice of America East AsiaNovember 21, 20242 days ago
- Fearful after arrest, Cambodian reporter who exposed scam centers quits mediaSource: Voice of America East AsiaNovember 20, 20242 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss