YKKO restaurant chain to be acquired by Yoma
Singapore-listed conglomerate Yoma Strategic Holdings (YSH) is to acquire a 65 percent stake in local restaurant chain YKKO. The deal is reportedly worth an estimated USD 12.6 million, according to an article in the Myanmar Times. The article quoted
Mahar Bawga to receive loan from Yoma Bank
Yoma Bank is to provide a loan of MMK 2.2 billion to Mahar Bawga Finance. The loan will allow the company to scale up and will be able to take on additional 5,000 customers. “This partnership highlights our ongoing commitment as Myanmar’s largest
Exploration of offshore block by PTTEP to begin
Thai firm PTT Exploration and Production (PTTEP) has begun an environmental impact assessment (EIA) at the M9 offshore block. An article in the Myanmar Times said that the firm is conducting the EIA to ensure “there is minimal impact on the site be
Food investment fund launched by City Mart and Sandanila
City Mart Holdings and Sandanila Investments have announced the establishment of the City Invest Fund. The fund will invest in SME enterprise food manufacturers, according to a report. The primary motivation of the fund is to increase the quality and
Shuttle bus services to be launched by Grab
Southeast Asia’s leading ride-hailing app Grab is planning to launch shuttle bus services, “Grabshuttle” in Yangon this year. According to an article in DealstreetAsia, the service connects offices and universities. This is part of a ra
