Ascent Capital fund closes with USD 88 million

Ascent Capital has closed its Myanmar-focused fund after raising USD 88 million over two years. The Singapore-registered, Myanmar-facing firm launched the Ascent Growth Myanmar Fund (AGMF) in the first quarter of 2018 with a goal of between USD 50 an

Foreign investors may soon apply online

Foreigners seeking to invest in Myanmar will soon be able to apply online, according to the Directorate of Investment and Company Administration (DICA). The planned digital portal aims to help investors stuck outside the country due to pandemic lockd

Fiscal year in review: GDP tanked, FDI held

A tumultuous 2019-2020 fiscal year has finally come to a close. The COVID-19 pandemic wreaked havoc on Myanmar’s economic growth, with most estimations dropping below 2% from last year’s 6.8% growth. (The Asian Development Bank, for examp
Myanmar Investment Promotion Plan (MIPP) under review

Myanmar Investment Promotion Plan (MIPP) under review

The Myanmar Investment Commission (MIC) along with the Japan International Cooperation Agency (JICA) will jointly review the MIPP, affected by the coronavirus crisis, to boost the agricultural, health, industrial and digitization sectors for the post

Japan to give USD 420 million in COVID relief

A state visit by Japanese foreign minister Toshimitsu Motegi ended in an offer of JPY 45 billion—roughly USD 420 million—in additional COVID-19 recovery assistance. The foreign minister and State Counsellor Daw Aung San Suu Kyi also discussed way
Rural development Loan proposed by Ministry of Agriculture

Shan State aims to triple FDI

Shan State has unveiled an ambitious investment plan that seeks to boost its annual foreign investment more than three fold over the next ten years. The Shan State Investment Committee’s (SSIC) new Shan State Investment Promotion Plan (SSIPP) a