Myanmar Plaza open for business

A new commercial centre has opened in Yangon, one peg of a Vietnam-backed construction project that will eventually encompass a five-star hotel and five blocks of residential housing. Myanmar Plaza – part of the HAGL Myanmar Centre now under construction on Kabar Aye Pagoda Road – opened for business on December 5. The HAGL Myanmar […]

FMI issues K25 billion rights issue to fund expansion

Investment holding company First Myanmar Investment Co. Ltd., has issued a K25 billion (about US$25.6 million) rights issue for existing shareholders to finance corporate growth and expansion, it announced in a statement released in Yangon on December 3. The rights issue will result in 2,500,000 new ordinary shares being issued at a price of K10,000 […]