fbpx

Cambodian internet startup company Groupin secures US$5M Series A funding

Groupin, a holding company of e-commerce Little Fashion and digital media firm Mediaload, based in Cambodia, has announced a Series A funding of US$5 million from Mekong-focused private equity firm Belt Road Capital Management (BRCM). The company claimed that the funding is the largest in the history of Cambodian tech startups. Also Read: Regulatory tech […]

Mitsui buys stake in Singapore-Yangon undersea cable

Mitsui & Co. will invest $20 million in a Singapore company that is laying undersea communications cable to Myanmar, a project seen giving telecom-related businesses there a boost after the 2020 completion. In its first foray into seafloor cable operations, Mitsui will purchase a total 22% stake in Singapore’s Campana Group across a series of […]

Pharmaceutical Companies From Indonesia, Myanmar Establish Joint Venture

Jakarta (ANTARA News) – Indonesian pharmaceutical company PT. Phapros Tbk, a subsidiary of PT Rajawali Nusantara Indonesia (RNI), and Myanmar`s pharmaceutical firm Medi Myanmar Group have established a joint venture to develop the business of pharmaceuticals and medical devices. According to a statement from PT. Phapros Tbk received by ANTARA here on Friday, the cooperation […]

HK: Myanmar Eyed as Source of Domestic Helpers Amid Surging Demand

Hong Kong is looking into importing domestic helpers from Myanmar to meet surging demand, Secretary for Labor and Welfare Law Chi-kwong said. It is all part of the government’s efforts to increase the sources of maids and lower the city’s reliance on the Philippines and Indonesia, Law said in a blog post on Sunday, adding that […]

Vietnam beauty industry targets Cambodia, Myanmar

There is significant opportunity for Vietnamese firms to invest in the beauty sector in Cambodia and Myanmar as well as export beauty products to the two markets, participants at an HCM City conference said on Thursday. Leong Ann Suan Jeremy, the editorial director of Beauty Cosmedica magazine, told the road show to introduce Beauty Connect […]

Myanmar’s financial markets are slowly opening up

NAYPYITAW Naypyitaw’s famously empty hotels were busy for once on Sept. 13-14 as an annual investment forum drew more than 1,300 bankers and investors from around the world. Expectations for the country’s financial development are sky high, especially as the first civilian government in half a century is settling in. Reforms are happening slowly but […]