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

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

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
Myanmar to use US$1 billion loan for infrastructure projects

Myanmar and Korea make deal amid pandemic

Amid its second COVID-19 wave, Myanmar and South Korea have reaffirmed their commitment to mutual trade and relations. Speaking at a remotely-held conference of the Joint Commission for Trade and Industrial Cooperation, representatives from South Kor