Government partners with Singaporean firm to complete infrastructure projects
The Ministry of Planning, Finance and Industry (MOPFI) has finalized an agreement with Singaporean firm Infrastructure Asia to help facilitate investment in new infrastructure projects. Under the deal, Infrastructure Asia will help the MOPFI connect
Banyan Tree partners with local hotel brand despite tourism slump
International hospitality giant Banyan Tree Holdings is partnering with one of Myanmar’s largest hotel brands to manage 17 of its properties. Singapore-based Banyan Tree has announced a 50-50 joint venture agreement with Htoo Hospitality, a.k.a
Singaporean and Norwegian firms latest to invest in Myanmar banking
Singaporean sovereign wealth firm GIC Pte and Norwegian firm Norfund AS will invest in Yoma Bank, becoming the latest to take advantage of new finance rules that allow foreign firms to buy stakes in Myanmar financial institutions. GIC will buy 20 perMinistry of Investment and Foreign Economic Relations to target Asian FDIs in 2019-20 FY
MIFER’s Permanent Secretary, U Aung Naing Oo, said that his ministry will not expect significant investments from US and EU for the ongoing FY, due to the geopolitical challenges. Instead, the ministry expects FDIs originating from fellow ASEAN
Filipino giant to partner with Myanmar tycoon
A major Filipino corporation will invest USD 238 million into two companies owned by Serge Pun, one of Myanmar’s tycoons. The investment will bring the combined value of those companies to more than USD 1 billion, according to the Financial Tim
