fbpx

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 […]

Decommissioning Challenges Escalating in South East Asia

For many decades now, South East Asia has been an important oil and gas producer, accounting for five percent of current global oil production. But now, age has caught up with oil and gas infrastructure in Myanmar, Thailand, Vietnam, Brunei, Malaysia and Indonesia. In February 2018 the Jakarta Post estimated that over the next decade, […]

SG-Listed Yoma To Acquire More Stake in Myanmar’s Wave Money for $6m

Yoma Strategic Holdings, a Singapore-listed, Myanmar-based diversified group, is acquiring a 10-per cent stake in Digital Money Myanmar (Wave Money), operator of the largest financial services network in the country, for at least $6 million, according to a statement. Yoma said its wholly owned subsidiary, Yoma Strategic Investments Ltd, has entered into an agreement with […]

Shan State’s Peace and Tea Leaves

Among Myanmar’s many agricultural products, tea leaves hold a lot of potential for export markets because they are organic product grown naturally, an official with the Myanmar Tea Association says. However, development of the sector is tied to conflict in Shan State, one of the main growing areas for the crop in Myanmar. If a […]

Don’t Sleep on Them: Here are food Tech Startups from Cambodia, Myanmar That you Should know About

Hailing from the frontier markets of Cambodia and Myanmar, these startups just began to help maximise their countries’ untapped potentials in tech-based food industry When you think of Southeast Asia, would you think of food? Even if you’re not a foodie, these days technology has made food to be more than a necessity; it’s a […]

Thai property developer wants to invest in Myanmar

Thai property developer Ananda Development Public Co Ltd wants to expand into Myanmar and is now looking for suitable partners in the country, its officials told Myanmar journalists in Bangkok on October 9. The company will focus on urban projects in Myanmar and is now exploring the various avenues through which it can invest in […]

Singapore-listed Yoma in tie-up with Ayala unit for renewable energy projects in Myanmar

SINGAPORE – Myanmar-focused Yoma Strategic Holdings said on Monday it will form a strategic partnership with AC Energy, the energy platform of Philippine conglomerate Ayala Corporation. The two companies are looking to establish a 50:50 joint venture (JV) to scale up Yoma Micro Power (S) Pte Ltd (YMP) and to explore developing around 200 megawatts […]

Public video contest aims to boost Myanmar tourism

In the past two years, the number of tourists visiting Myanmar has dropped, so CCI France Myanmar, the French chamber of commerce, has formed a partnership with the Myanmar Tourism Marketing Association to launch the #CometoMyanmar video contest to promote the country as a tourist destination. The competition is only open to Myanmar nationals and […]