Commercial Plastics lands major investment
Plastic bottle recycler Commercial Plastics Company (CPC) will receive a USD 12.6 million investment from private equity firm Delta Capital Myanmar and Daiwa PI Parters. According to a joint announcement, the deal will be the maiden investment of Dai
Indian officials’ visit ends in new deals
An official visit by India’s foreign secretary Harsh Vardhan Shringla and army chief Manoj Mukund Naravane has yielded several high-value agreements or proposed agreements, including finalizing the launch of a new port in Rakhine State and a pr
India proposes USD 6 billion refinery
A visit by two top Indian officials has ended with a proposal for an India-backed, USD 6 billion petroleum refinery near Yangon. The proposal was discussed in meetings between Myanmar officials and India’s foreign secretary Harsh Vardhan Shring
Domestic flight ban a disaster for the industry
The ban on domestic air travel, scheduled to end at the end of September, has been extended one full month as COVID-19 infections continue to soar. Yet the grounding may last much longer; the government tends to set travel bans in one month periods,
New stock exchange gains official approval
This week, Myanmar’s second stock exchange, which we already reported about, has been officially approved, with a planned launch before the end of the year. The new exchange will be a pre-listing board for companies that do not qualify for the
