Malaysian telco issues $500m Islamic bond for Myanmar towers investment

Malaysian telecoms giant Axiata Group on November 13 issued a US$500 million Wakala Sukuk, or Islamic bond, to fund its investment into a Myanmar towers business. This is the largest-ever corporate bond issued with proceeds to be invested into a Myanmar towers business, demonstrating considerable investor confidence in the frontier market. Telecoms towers companies have […]

Crunch Time for Copycats?

YANGON — Imagine for a moment a billboard in downtown Yangon that reads “Kandawgyi Fried Chicken… It’s finger lickin’ good!” Kentucky Fried Chicken will soon enter Yangon’s fast food market, and you can be sure the company will be concerned about preventing any upstart business using words or images similar to its trademarked brand. But […]

OCBC builds anew with 60 years’ history

Singapore’s OCBC Bank has 60 years of experience banking in Myanmar as it looks to build its presence following its licence win last month. Tan Chor Sen, OCBC’s international head, said having a Myanmar branch is important as the country is the next up-and-coming destination for business in the region. “We are possibly the only […]