Myanmar PE rm Ascent Capital closes maiden fund at $88m

Singapore-registered, Myanmar-focused private equity firm Ascent Capital has held a final close of its debut fund at $88 million, after collecting over $80 million by June this year, according to a press release. Launched in the first quarter of 2018, the Ascent Myanmar Growth Fund I (AMGF) was seeking to raise between $50 million and […]

The business of plastic waste

Plastic products are both a convenience and a curse but some innovative businesses in Yangon are striving to reduce their impact on the environment. FROM THE packaging of food to the outfitting of cars, plastic is essential to modern life. Its use accelerated rapidly after World War One, though the first man-made plastic material, Parkesine, […]

Local plastics recycling firm receives funding

Yangon-based investment advisory firm, Andaman Capital Partners, has invested into a local plastics recycling start-up. Andaman Capital has injected a mid-six digit figure in Myanmar Recycles, which will help the start-up to expand its business. The actual sum was not disclosed. “The funding will be used to acquire more recycling equipment that will significantly lift […]

New dawn for remote Andaman Sea island tourism

Few have heard of the Mergui Archipelago, and even fewer have managed to visit the 400km string of scattered islands in the Bay of Bengal’s Andaman Sea. Most of the 800 offshore islands are uninhabited, apart from a few seasonal settlements of the seafaring nomadic Moken, and some Burmese fishing villages The jungle-clad limestone and […]