Amata eyes Myanmar market growth

Thai development giant freezes project

Amata, one of Thailand’s largest real estate developers, has frozen a USD 1 billion Yangon project amid the political turmoil. Construction on the planned 2000-acre site began in December, but Amata marketing chief Viboon Kromadit announced tha

Amid chaos, investors hold their breath

When the Tatmadaw (Myanmar military) took power this week, it risked a decade of new foreign investment in nearly every sector. Now those partnerships, struck in the democratic era, will be put to the test. Will India renege on plans for a new gas re

As India ups partnership, its investors lag

This week’s donation of 1.5 million COVID-19 vaccines from India punctuated a year of effort to form partnerships and increase investments in Myanmar. However, total foreign investment from India has plunged. India’s Business Standard thi

Japan ambassador says economic ties will deepen

This week, Japanese ambassador to Myanmar Ichiro Maruyama offered the NLD effusive praise following their election victory and reaffirmed Japan’s unwavering commitment to Myanmar’s economic development. In an interview with the Irrawaddy,

Korean firm to invest nearly USD 100 million in gas field

Korean firm POSCO International has announced that it will invest 108.6 billion won — just over USD 97 million — in the exploration of Myanmar’s A-3 offshore bloc. POSCO, which already operates in Myanmar’s offshore gas fields, will

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