Firm to invest in innovative startups
Asset management firm Dakota Ventures has announced plans to invest USD 1 million in “synergistic and millennial-focused startups,” according to a report by Deal Street Asia. Dakota Ventures is a Southeast Asian firm with a strong presenc
How will the energy crash affect Myanmar?
In Myanmar, fuel is now as cheap as water. As global oil and gas values plummet, the price of petrol reached record lows this week, dropping to around MMK 300 per liter for 92 octane fuel, which, Myanmar Times pointed out, is roughly the same as a sm
US org calls out Chinese ties to armed groups
The United States Institute of Peace (USIP), an independent organization funded by the US government, has published a lengthy expose of Chinese business ties to armed groups in Kayin state. The report expresses concerns about lack of oversight and co
Masks: A new pandemic industry
While the COVID-19 pandemic is taking a toll on nearly every other economic sector, the local medical supply industry may soon see a boost. State media reported that the Myanmar Investment Commission (MIC) has approved new investments in manufacturer
Pandemic stalls stock exchange reform
In March, the Yangon Stock Exchange opened to foreign traders and announced that it would add a sixth company to its bourse. Yet the subsequent COVID-19 pandemic has driven away new investors and sent stock prices into a nosedive. “After two tradin
