DICA reduces registration fees for new companies

New companies registration fees reduced

New companies will now pay less to register in Myanmar. The Directorate of Investment and Company Administration (DICA) announced that registration fees will drop from MMK 250,000 to MMK 100,000 beginning October 1, which is the start of the 2019-202
Singapore VC Majuven backs Myanmar-focused Daung Capital’s Series A

Singapore VC Majuven backs Myanmar’s Daung Capital

Myanmar-focused financing platform Daung Capital has announced the final close of its undisclosed Series A investment round this week. Majuven, an early- and growth-stage venture capital firm from Singapore is the new investor in the company. The dea
City Invest Fund launched by City Mart and Sandanila

Food investment fund launched by City Mart and Sandanila

City Mart Holdings and Sandanila Investments have announced the establishment of the City Invest Fund. The fund will invest in SME enterprise food manufacturers, according to a report. The primary motivation of the fund is to increase the quality and
MEB to lend MMK 250B to SMEs

MEB to lend MMK 250B to SMEs

State-owned Myanma Economic Bank will lend MMK 250 billion to well established local small and medium-sized enterprises (SMEs)  in the manufacturing, production and trading, import substitution, recycling and energy saving and services sectors.