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 […]

Yangon Stock Exchange needs more time to succeed, experts say

THERE IS a long way to go for the Yangon Stock Exchange (YSX), which opened for trading late March, to achieve success and sustainability, capital market experts said at a panel discussion during the Myanmar Business Leaders’ Inaugural Summit last week, Aung Htun, managing director of Myanmar Investments International, an investment holding company listed on […]

Frontier Markets: Myanmar, Explosive GDP Growth

The reason I’m revisiting Myanmar is because recently the State Bank of India (SBIN), together with the Vietnam Bank for Investment and Development, Taiwan’s E SUN Commercial Bank (2884:TT), and South Korea’s Shinhan Bank, were all granted permits to operate in that country. Last year, the first round of permits were granted to ANZ Banking […]

Burmese oil explorer keen to invest in India

A Myanmarese businessman with stakes in South African and Australian offshore oil blocks is keen to invest in diverse sectors in India which is poised to become the world’s fifth largest consumer market by 2030. But he says India still needs to bring business reforms to attract foreign investments. “Yes I am looking for some […]

MyCHAT to get mobile payments

Local chat app MyCHAT is moving toward allowing mobile payment on its platform. Its parent, MySQUAR, announced yesterday it has linked up with MyPAY, a new company specialising in solving Myanmar’s mobile payment problems. Under a five-year agreement, MyPAY’s mobile payment services will become a feature of MyCHAT, according to a company statement. The link-up […]

MySQUAR aims for listing in London

The company behind a popular Myanmar chat application won’t wait on Yangon to launch a stock exchange to debut on the public market. MySQUAR – the Singapore-based firm behind localised chat application MyChat – has turned to the London Stock Exchange’s Alternative Investment Market (AIM) for its float, slated for later in 2015. The mobile […]