Mahar Bawga raises loan from AGD Bank
Yangon-based financial institution Mahar Bawga Finance Company (MBF) has announced that it has received a MMK 1.4 billion (USD 916,000) loan from AGD Bank. According to an article in Dealstreet Asia, MBF said that the funds will be used to open new b
IFC takes 5 percent stake in Yoma Bank
The International Finance Corporation (IFC) has become the first international investor in a Myanmar bank. The IFC now takes a five percent stake of Yoma Bank, a conversion of a previously agreed USD 5 million loan. The investment arm of the World Ba
Kyaukphyu deal expected to be signed soon
The consortium behind a planned 135-megawatt project at Kyaukphyu, Rakhine State expects to sign a deal on the project soon. According to a report in Frontier, the project is being developed by Myanmar’s Supreme Group and China’s state-owned Sino
Cambodia’s Meal Temples makes Myanmar foray
Cambodian food delivery and logistics company, Meal Temple Group, has made a minority stake investment into Myanmar-based Freshgora. According to a Dealstreet Asia article, Freshgora’s goal is to provide delivery services to restaurants, liquor sho
KBZ and PTT to partner on oil project
Kanbawza Group (KBZ) and Thailand’s PTT are to form a joint-venture to develop of an oil terminal and a retail business. The operations will be formed by KBZ’s Brighter Energy Co and Brighter Energy Retail Co partnering with PTT Oil and Retail Bu
