Yangon Stock Exchange hit highest trade volume to date
August was the best month to date for the The Yangon Stock Exchange (YSX), with a total of 322,176 shares traded. The total value of those trades was MMK 1.9 billion, according to the YSX monthly report. That number is up from MMK 1.22 billion in tra
Italian hotel approved for southern islands
An Italian company has been approved to construct a USD 3.2 million hotel in Kawthaung, at the southern tip of Myanmar. According to a Myanmar Times reports, The Directorate of Investment and Company Administration (DICA) granted approval for the
Anthem Asia invests over USD 1 mn in local agri business
Myanmar-focused private equity firm Anthem Asia announced on Friday it invested over USD 1 million in an early-stage agri-business Shan Orchard Myanmar Ltd. This is the first investment from its USD 50-million Myanmar SME Venture Fund. The company is
Frontiir receives investment from UK development group
Yangon-based internet service provider Frontiir has received an investment of USD 30 million from the UK government’s development finance institution. According to a report in The Irrawaddy, the investment has been made by the British CDC Group, fo
Nippon takes stake in Myanmar insurer
Nippon Life Insurance has announced it will take a 35 percent stake in Myanmar’s Grand Guardian Life Insurance Company (GGLI) in a deal worth USD 21 million. According to a report in Dealstreet Asia, the deal is expected to be completed by October
