Golden Myanmar Airlines to invest in aviation fuel business
Golden Myanmar Airlines under KMA Group will be investing USD 28.96 million to handle the import, storage and distribution of jet fuel in Myanmar, according to an article in the Myanmar times citing a government official. The airline received the app
Logistics startup Kargo raises USD 800,000
Myanmar logistics startup Kargo announced that it has raised USD 800,000 in a financing round on Tuesday. It was led by Singapore-based venture capital fund Cocoon Capital. Kargo is a B2B logistics mobile platform that connects truck owners and users
Memories Group acquires stake in three Yangon hotels
Prominent local tourism company Memories Group has acquired a 15.28 percent stake in Strand Hotel International Limited (SHIL), in a deal worth USD 3.19 million. The deal involved interests in three Yangon based hotels, as well as a well-known cruise
Rent 2 Own raises funds for expansion
Rent 2 Own, which offers motorbike renting solutions, has raised USD 3 million in debt financing from Belgian company Incofin. Established in Myanmar in 2016, Rent 2 Own aims to help entrepreneurs, particularly farmers, to use improved transportation
Tokyo Century takes 20 percent stake in Yoma Fleet
Japanese financial services firm Tokyo Century has taken a 20 percent stake in auto leasing firm Yoma Fleet in a deal worth USD 26.6 million, according to an article in Dealstreet Asia. The Japanese firm said that the move will expand Yoma Fleet’s
