KBZ Bank sues Yangon port for USD 220 million

KBZ Bank has filed suit against the owner of Myanmar Industrial Port over what could be the largest loan default in Myanmar history. KBZ is suing tycoon U Ko Ko Htoo and his company for unpaid debt totaling more than USD 220 million, reported Frontie

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

Tycoon will continue paying dividends to investors despite slump

A company owned by one of Myanmar’s richest men will continue to pay high dividends to investors despite sinking profits. U Khin Shwe, chairman of the National Development Company Group, made the announcement at the company’s annual share