Myanmar’s Phandeeyar Accelerator startup graduates Chate Sat, White Merak secures six-digit funding

Myanmar’s Phandeeyar Accelerator startups Chate Sat, a freelancing platform and White Merak, an animated comic application have secured a six-digit funding each from local and foreign investors on Thursday. Chate Sat which means connect in Burmese, has raised the investment from Vulpes Investment Management Pte Ltd back in May, alongside additional investment from Theta Capital based in Singapore […]

Myanmar’s ‘Sea Gypsies’ Threatened by Dynamite Fishing and Drugs

Destruction has been wrought by fishing boats, many believed to be from neighbouring Thailand, which use dynamite and trawlers to sweep the seabed With a swift breath the teenage boy dives into the turquoise waters of southern Myanmar, a spear clutched in his hand, but below him lies nothing but a graveyard of broken, grey […]

Myanmar Food Delivery Startup Food2U Nabs Six-Digit Funding, Set to Expand Operations

Food2U, a Yangon-based startup, told DealStreetAsia it has raised a six-digit funding round with the intention of using the money to facilitate expansion plans. Nay Min Thu, the Founder of iMyanmarHouse.com and an investor in Food2U, told DealStreetAsia that the investors are people from the real estate industry. The company use the financing to grow within Myanmar — both to forge […]

Prospectors Sued After Finding Massive Jade Boulder on Company Land

Five prospectors who found a jade boulder weighing 8.7 tons have been charged with theft in Kachin State’s Lone Kin jade mining region. According to police, U Nay Tun—the Deputy Director of Myamar Gems Enterprise office of Lone Kin—filed a lawsuit against prospectors Htoo Zaw, Mon Khaung, Naing Win, Wa Lone and Myo Khin, accusing […]

IFC launches its sustainability guidelines in Myanmar language

Arm of world bank guides local companies on managing environmental, social risks The International Finance Corporation, a private sector arm of the World Bank Group, last week released a Burmese version of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governments […]

28 Burmese Expats to Regain Citizenship

Twenty-eight Burmese expatriates will be granted Burmese citizenship soon, said permanent secretary of the Ministry of Labor, Immigration and Population U Myint Kyaing. The former administration under ex-President U Thein Sein invited Burmese expatriates back to join state-building efforts after he assumed office in 2011. Dual citizenship is prohibited in Burma, according to the 1982 […]

One of world’s biggest superyachts ‘built using illegal Burmese timber’

A German shipyard used illegally-sourced teak from Myanmar to construct a superyacht for a Russian billionaire, a public prosecutor has claimed. Nobiskrug shipyard on the river Eider used wood supplied by a Burmese government-controlled firm which was sanctioned earlier this year for exporting teak from threatened forests, lawyer for the state Axel Bieler said. Timber […]

Myanmar Announces Restriction of Some Investment Activities

Myanmar Investment Commission (MIC) has announced restriction of some investment activities, as some sectors will only allow investment by the state. According to Global New Light of Myanmar Friday, sectors restricted to state investment include security and defense, arms and ammunition for national defense, national postage stamps, establishment of post offices and post boxes, air […]

Descendent of last Myanmar King did not take too well to Thai Soap

I have never watched Plerng Phra Nang (A Lady’s Flame), a prime-time soap opera on Thai television that depicts a bloody dynastic power struggle in a fictional kingdom. The series — with elaborate period costumes and a lot of face-slapping and cat-fights among royal consorts — has received bad press in Myanmar and Thailand alike. […]