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 industri
Singapore tops FDI list, Myantrade to open office to support exports

Singapore 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

Singapore firm to invest USD 26 million in Myanmar ISP

Singaporean fund manager Ascent Capital will make a USD 26 million minority investment in Frontiir, one of Myanmar’s leading ISPs and supplier of the Myanmar Net internet service. The investment will represent Ascent’s first Myanmar ventu