Yoma Bank to support microfinance firm
Local lender Yoma Bank is to extend a US$ 11.5 million (K15.8 billion) loan to support the operations of Pact Global Microfinance Fund (PGMF) in Myanmar, according to an international report. Mr Fahmid Bhuiya, president and chief operating officer o
Premium Distribution forms JV for vegetable producer
Premium Distribution, a Yangon-based food and beverage wholesaler linked to City Mart, has reportedly acquired the organic salad brand Uni Vege, in a new joint venture agreement with Trust Venture Partners (TVP), a financial advisory firm. A local re
FMI Air suspends services
Local airline FMI Air will suspend its services as of July 20, after less than six years in operation, according to a local report, citing a company spokesperson. The company refused to elaborate, saying more information would be released soon. The a
MIC approves ILBC investment for its new campuses
According to the Myanmar Investment Commission (MIC), the International Language & Business Center (ILBC) has been permitted to invest USD 52 million to provide private educational services in Yangon, Mandalay, Nay Pyi Taw. ILBC has 30 campuses i
MOEE and Great Hor Kham Company make a power purchase agreement
A local report published on 17th July noted that a signing ceremony for a power purchase agreement between the Ministry of Electricity and Energy (MOEE) and Great Hor Kham Public Co., Ltd was held in Nay Pyi Taw on 5th July. Under a build–operate
