SF Holding acquires stake in Myanmar’s KOSPA
SF Holding, a Chinese logistics firm, has acquired a 25 percent stake in KOSPA Limited, a Myanmar-based logistics firm, according to an article in Dealstreet Asia. KOSPA is a joint venture originally established between local company Yoma Strategic H
Lithium exploration to begin by Canadian firm
Canada-based miner AsiaBaseMetals is planning to begin exploring for lithium on land in central Myanmar. According to an article in the Myanmar Times, the company will become the first company to systematically explore for lithium in Myanmar. It will
EME to invest in Myanmar startup Mote Poh
Emerging Markets Entrepreneurs (EME) Myanmar is to lead a six-digit US dollar seed investment in Mote Poh, a Yangon-based employee benefit start up. An article in Dealstreet Asia said that Vietnam-based venture capital firm Nest Tech will also partic
Startup incubation begins for five new companies
Five new companies have begun the latest round of the Phandeeyar Accelerator, a startup incubator based in Yangon. The program aims to contribute to the growth of startup companies in Myanmar, and companies are selected based on their potential to pr
Hyundai establishes Yangon factory
Hyundai has established a plant in Yangon and will assemble vehicles in the country for the first time. The South Korean car manufacturer’s local partner is Shwe Daehan Motorcar Assembly Co, according to a report in the Myanmar Times. The facto
