Overseas Private Investment Corporation to Disburse $250 Million Investment in Telecom Tower Infrastructure Project

NEW YORK & SAN FRANCISCO & WASHINGTON & YANGON, Myanmar–(BUSINESS WIRE)–The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that it has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar Limited, based in Yangon. The disbursement marks OPIC’s first financing in the country as well […]

Myanmar ripe for Thai investment, says envoy

Thai businesses should take a more aggressive approach to penetrating Myanmar before other investors get too far ahead, according to Thailand’s ambassador to Myanmar, Visanu Suvanajata. Although Thailand and Myanmar are neighbours, Thai investment in the country remains small with fresh investment pouring in at slower pace compared with other countries. “Thai investors should hurry […]

Cosmetic firm Oriflame opens showroom in Myanmar

Sweden based Oriflame Cosmetic Company has launched its first ever showroom last month in Sangchaung Township, in Yangon. Oriflame Cosmetics S.A. is a cosmetic group, founded in 1967 in Sweden with its headquarters in Luxembourg. The company sells skin care and cosmetic products and has a presence in over 60 countries world wide. “We are […]