IFC Pledges US$10 Million to Agri-Business Myanma Awba

  RANGOON — The International Finance Corporation (IFC) on Tuesday pledged US$10 million to local agri-business Myanma Awba, according to the IFC website. The additional funds are intended to jump start Myanma Awba’s $25 million project aimed at setting up a new agro-chemicals formulation plant, as well as enhancing packaging and warehouse capacity, seed production, […]

Qatari firm vows affordable Myanmar mobile access

Qatari telecoms giant Ooredoo on Friday pledged to introduce “affordable” phone services to Myanmar next year as it pumps US$15 billion into one of the world’s few remaining frontier mobile markets. The firm, which in June along with Norway’s Telenor won bids to provide mobile coverage to a nation where less than 10 percent of […]