Health system overburdened as pandemic exceeds 90k cases

Myanmar’s COVID-19 cases broke 90,000 this week. As people gathered in homes, parks and pagodas to celebrate the Full Moon Day of Tazaungdaing, the Ministry of Health and Sports urged people to follow personal safety guidelines as strict lockdo
WB: USD 50 Million in Fast-Track Financing for National COVID-19 Emergency Response

WB: USD 50 Million in Fast-Track Financing for National COVID-19 Emergency Response

In a press release on April 20, the World Bank announced that it had approved a USD 50 million credit for the Myanmar COVID-19 Emergency Response Project. “This fast-track financing will help Myanmar fill a critical gap in its contingency plan to u

General Electric eyes expansion in Myanmar

US technology giant General Electric (GE) may soon expand its Myanmar presence. Wouter Van Versch, President and Chief Executive of GE Asia Pacific, told the Myanmar Times that the company is weighing further investments in power infrastructure
Sea Lion launches $10m distribution centre

Sea Lion to establish distribution centre

Sea Lion, a Yangon-based company that provides healthcare-related products and services, has established a USD 10 million distribution center on the outskirts of Yangon, according to a brief in DealStreet Asia. The article said that the new center wi
Taunggyi Hospital Acquisition of majority stake by FMI

FMI subsidiary buys majority stake in Taunggyi hospital

Yoma Siloam Hospitals Pun Hlaing, a subsidiary of the conglomerate First Myanmar Investment (FMI), has paid USD 4.9 million for a majority stake at a hospital in Taunggyi, the capital of Shan State, according to a report in the Myanmar Times. The rep