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Singapore fund takes stake in Myanmar ISP Frontiir

Ascent Capital, a Singapore-registered fund manager, is leading an investment of US$26 million in Myanmar internet service provider Frontiir, marking its first equity investment in the country. The deal is expected to help Frontiir expand its services to more than half of Myanmar’s states and regions within half a decade, with the aim of connecting […]

Would Singapore Myanmar Investco (SGX:Y45) Be Better Off With Less Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk’. It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. […]

Singapore Agency to Help Myanmar Find Partners for Key Infrastructure Projects

YANGON—Under an agreement with Myanmar’s Ministry of Planning, Finance and Industry (MOPFI), Singapore’s Infrastructure Asia (IA) will help identify suitable investors, including by inviting international-standard tenders, for infrastructure projects listed in Myanmar’s Project Bank, an online database of priority projects aligned with the country’s sustainable development plan. According to the Singapore Embassy, under the agreement, […]

Some Singapore Myanmar Investco (SGX:Y45) Shareholders Have Taken A Painful 95% Share Price Drop

It’s not possible to invest over long periods without making some bad investments. But really bad investments should be rare. So take a moment to sympathize with the long term shareholders of Singapore Myanmar Investco Limited (SGX:Y45), who have seen the share price tank a massive 95% over a three year period. That would be […]

Yangon Water Bus to use Singapore, Thai ferries when service resumes

The Yangon Water Bus river transport service has ordered passenger ferries from Singapore and Thailand to replace its old vessels once it resumes operation, the company that runs the line said. Daw Tint Tint Lwin, chair of Tint Tint Myanmar Co., said it has also sought the help of a Singapore company in linking its […]

Under Armour arrives in Myanmar

With the numbers of gym and fitness centers increasing in Yangon, Yangonites are also spending more money on apparel and fashion – from yoga mats and tracksuits, to barbells and running tops. To capitalise on this consumer trend, the American sportswear brand Under Amour has arrived in Yangon with the aim of growing its presence […]

Singapore-Kunming Rail Link (SKRL)

The Singapore-Kunming Rail Link (SKRL) is a pan-Asian high-speed railway network being developed to connect the countries of Cambodia, Laos, Malaysia, Myanmar, Republic of China, Singapore, Thailand, and Vietnam. The 6,617.5km-long, meter-gauge railway network is being developed with an estimated investment of $15bn, under the ASEAN-Mekong Basin Development Cooperation (AMBDC) which was formed to encourage […]

Reaching Singapore’s Unicorn Status, Carousell Expands its Presences to eight Markets Through 701Search’s Mergers

With the merger, Carousell will join forces with 701Search’s marketplaces such as Mudah in Malaysia, Cho Tot in Vietnam, and OneKyat in Myanmar Singaporean online marketplace Carousell announces that it has merged with telecommunications company Telenor Group’s 701Search, and its various marketplaces in different Southeast Asia regions, such as Mudah in Malaysia, Cho Tot in […]

With 70% Unbanked Population, Myanmar Bets on Fintech to Improve Financial Inclusion

Despite the Myanmar government’s push to expand access to financial services, the country still trails far behind the rest of Asia in rates of participation in formal financial services, financial literacy, savings rates and the use of digital financial services, according to a new report by social enterprise ONOW Myanmar. But fintech and mobile technology […]

Yoma Shares Surge on $238m Capital Tie-Up with Ayala

The move is designed to strengthen Yoma’s core businesses in Myanmar’s rapidly growing economy. According to a statement released on Thursday morning, Ayala will invest up to $237.5 million in Singapore-listed Yoma as well as Yangon-listed First Myanmar Investment, taking a 20% stake in each company, both of which are controlled by Myanmar tycoon Serge […]