Japan loans USD 400 million for development

Japan and Myanmar have finalized a set of loans totaling around USD 409 million to develop Myanmar’s small and medium enterprises and to build a new bridge across the Sittaung River. Japanese ambassador to Myanmar, HE Ichiro Maruyama and deputy
Singapore VC Majuven backs Myanmar-focused Daung Capital’s Series A

Singapore VC Majuven backs Myanmar’s Daung Capital

Myanmar-focused financing platform Daung Capital has announced the final close of its undisclosed Series A investment round this week. Majuven, an early- and growth-stage venture capital firm from Singapore is the new investor in the company. The dea
RecyGlo wins Seedstars Yangon 2019, to represent Myanmar

Seedstars Yangon 2019 won by RecyGlo

Yangon-based recycling waste management startup RecyGlo has been named the winner of Seedstars Yangon 2019, said a report in Dealstreet Asia. The announcement came after the company, and nine other startups, presented their pitches at Seedspace Yango
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