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Anthem Asia closes US$34.5M fund

Anthem Asia on August 30 announced the first close of its debut fund, Anthem Asia Myanmar SME Venture Fund, with US$34.5 million in commitments from three institutional investors. The fund will focus on providing growth and expansion capital to small- and medium-sized enterprises (SMEs) operating in Myanmar. The fund, which is targeting a total of […]

Acudeen Tech expands to Myanmar

Acudeen Technologies has expanded to Myanmar and officially signed a partnership with Anthem Asia, an independent investment and advisory group building sustainable businesses in that country. The collaboration was hatched in light of a massive credit gap for SMEs due to the lack of accessible financing options brought about by insufficient credit data. Formal loans […]

Anthem Asia raises US$40 to US$50 million for Myanmar SME Venture Fund

Private equity firm Anthem Asia announced recently that it is raising US$40 to US$50 million for its Myanmar SME Venture Fund to support the national and regional expansion of local businesses. Their investment will focus on small and medium enterprises, agribusiness, affordable housing, health, education, as well as climate change mitigation and adaptation. This will […]

Don’t Invest in Myanmar? What Rubbish!

Author: Anthony Larmon is the founder and managing director of Echo Myanmar   In an article posted last week titled “Don’t Invest in Myanmar, Here’s Why”, a young Mr. Reid Kirchenbauer encourages the good readers of his InvestAsian blog not to invest in Myanmar. He doesn’t encourage them to do their due diligence, to think […]

Anthem Asia Invests in Myanmar’s Rangoon Tea House to Speed Up Burmese Restaurant & Lifestyle Group’s Growth Plans

Investment enables RTH group to expand Yangon-based restaurant and outside catering businesses as well develop new food concepts and brands. YANGON, MYANMAR, September 24, 2016 /EINPresswire.com/ — Anthem Asia, an independent investment and advisory group building sustainable businesses in Myanmar, today announced a partnership with Rangoon Tea House (RTH) to support the expansion of the […]

Start-up competition gets going in Yangon

More than 200 people came to participate in a StartUp Challenge hosted by downtown innovation lab Phandeeyar on November 14, with entrepreneurs looking to launch businesses in e-commerce, mobile and more. The nine-day event, held in conjunction with Myanmar’s fourth annual Global Entrepreneurship Week, urges budding entrepreneurs to turn brainstorms into businesses. It also gives […]

Anthem Asia Invests “Six-Figure Sum” in Myanmar-based Mobile Platform

Investment and advisory firm Anthem Asia is to invest a “six-figure US dollar sum” in Xavey, a mobile data collection platform in Myanmar, taking a significant minority equity stake in the start-up firm. Xavey Pte Ltd, a Singapore-registered entity operating out of Yangon, was established in December 2013 and serves market research and NGO clients. […]

Anthem Asia Buys Stake in Myanmar PR and Digital Marketing Agency

Anthem Asia, an independent investment and advisory group building businesses in Myanmar, has invested in a new Yangon-based PR and digital marketing agency, the company said. Anthem Asia has taken a significant equity stake and is providing working capital for Blink, a start-up headed by a group of entrepreneurs led by local TV presenter Stephen […]

Burma seeks minimum wage amidst labour shortage

As foreign investors in the garment sector trickle into Myanmar/Burma, local research companies and the International Labour Organization (ILO) are undertaking a study that could prompt the country’s parliament to pass a minimum wage law by December this year. The study, for which one local participant is the Myanmar Marketing and Research Development Co (MMRD), […]