Golden Myanmar begins jet fuel business
Golden Myanmar Airlines (GMA) has received permission to begin operating an aviation fuel business in the country, according to reports. An article in Frontier said that approval for the venture had been granted by the Myanmar Investment Commission (
IFC grants USD 3 million loan to agri-logistic firm SLCM
The International Finance Corporation (IFC) has provided a USD 3 million loan to SLCM Limited, a Yangon-based agri-logistics firm. According to a report in Dealstreet Asia, IFC said that the loan will be part of its Global Agriculture and Food Securi
Japanese hotel chain opens property at Thilawa SEZ
Japanese business hotel chain Super Hotel has opened its second property in Myanmar, at the Thilawa Special Economic Zone (SEZ), on the outskirts of Yangon. According to a report in the Nikkei Asian Review, the four-story hotel was built at a cost of
Sea Lion to establish distribution centre
Sea Lion, a Yangon-based company that provides healthcare-related products and services, has established a USD 10 million distribution center on the outskirts of Yangon, according to a brief in DealStreet Asia. The article said that the new center wi
FMI to sell stake in airline to SPA Aviation
First Myanmar Investment (FMI) has sold its 10 percent stake in FMI Air Limited to SPA Aviation Holdings for MMK 7.9 billion. According to an article in Dealstreet Asia, the move comes about 10 months after the airline halted its domestic operations.
