Hong Kong Firm Close to Finalizing New Yangon City Proposal

New Yangon City developer close to finalising proposal

The company leading the planned New Yangon City development has said it has nearly finalised its proposal for the first phase of the multi-billion dollar-project. An article in The Irrawaddy said that the China Communications Construction Co., Ltd (C
Dana Facility launch SME Financing programme

Supply-chain financing platform launched with the support of DFID

A launching event was held this week for an MSME supply-chain financing platform called “Shwe Lan”, which aims at reducing the inequalities between MSMEs and larger players. The project is backed by Swiss-based Seedstars and Thura Swiss, a firm
Ywar Thargyi dry port opens to business

Myanmar’s first dry port projects opened by KM and Resource Group

KM Terminal & Logistics Ltd (KM) and Resource Group (RG) officially opened two of Myanmar’s first dry port projects in Ywar Thar Gyi, Yangon. A dry port is an inland intermodal terminal directly connected by road or rail. Freight trains w
Yoma in franchise deal to bring Auntie Anne's pretzels to Myanmar

Auntie Anne’s to be brought to Myanmar by Yoma

Singapore-listed Yoma Strategic Holdings signed a franchise deal with US Focus Brands to bring Auntie Anne’s soft pretzels brand to Myanmar. In the coming months, the first outlet in Yangon will be opened. Myanmar will be the latest addition for th
Motorcycle rental firm raises fresh funds

Rent 2 Own Myanmar raises USD 6mn funding

Rent 2 Own (Myanmar) Ltd, a motorcycle rental service, has raised USD 6 million in fresh funding from Germany’s development finance institution Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), and agRIF, an impact-focused fund manag
LOTTE Confectionery to acquire Myanmar's L&M Mayson

Lotte Group acquires major stake in Myanmar bakery firm

South Korean conglomerate Lotte Group acquires 80 percent of local confectionary L&M Mayson Company, through its subsidiary Lotte Confectionary. According to a report in DealstreetAsia, the deal value is almost US$ 70 million. The article said t