Singapore denies hosting Tatmadaw money hoard
The Monetary Authority of Singapore (MAS) denied reports that Singaporean banks are holding vast sums of Tatmadaw (military) funds. MAS conducted an inquiry after advocacy group Justice For Myanmar claimed the military is in possession of USD 5.7 bil
Sembcorp investments intact, Singapore uncertain
Singaporean conglomerate Sembcorp said its investments will remain business-as-usual despite the political turmoil, the Business Times reported. These include a 225-megawatt gas-fired power plant near Mandalay and a planned USD 230.4 million industriSingapore tops FDI list, Myantrade to open office to support exports
Singapore has been the top source of foreign direct investments (FDI) into Myanmar since 2012. Things haven’t changed over the first quarter of the current financial year that started on October 1st 2020, according to the data released by the D
Investment minister outlines major Yangon developments
In a statement at the annual meeting of the Union of Myanmar Federation of Chambers of Commerce and Industry, minister of investment and foreign economic relations U Thaung Tun said that three major foreign-backed developments are moving forward desp
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
