Business & Investments
Investor interest in Southeast Asia's digital and technology start-ups has been on the rise of late, with private equity firm Belt Road Capital Management (BRCM) injecting A$2.25 million in Digital Classifieds Group (DCG), an online classifieds business, on Thursday. International Finance Corporation (IFC) - the private lending arm of the World Bank - is advising the implementation of Yangon's first elevated expressway under a public-private partnerships scheme. State-owned Indian Oil Corporation is planning to open offices in Myanmar and Bangladesh this month as part of a plan to seek business opportunities in the two countries, India's Economic Times reported on January 18. The Digital Economy Development Committee (DEDC) is drafting the Myanmar Digital Economy Development Master Plan to develop and regulate the country's booming digital economy, committee member U Mya Moe Aung said. TMH Telecom Co will commence trading on the Yangon Stock Exchange (YSX) on January 26, YSX senior executive manager U Thet Tun Oo said. |
Politics The King Chaung bridge in Yanbye, Kyaukphyu township, Rakhine State, will be built with a €5 million interest-free loan from Austria's Unicredit Bank. China has contributed USD $90,000 to several community projects, ranging from water purifying machines to furniture for the village's monastic educational and pre-school, on January 10. Myanmar and Japan will soon sign a memorandum to promote cooperation on environmental issues, said U Hla Maung Thein, director general of the Department of Environment, on the sidelines of a wastewater management workshop held in Nay Pyi Taw. |
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Ongo - The next generation of money |
- GDP - USD 59.4Bn
- GDP Growth - 5.90 %
- Population - 51.41Mn
- Inflation - 4.79 %
- Bank Deposit - 8%
- Bank Lending - 13%
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Date | MMK Rate |
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19-Jan-2018
| 1,346.0
| 18-Jan-2018
| 1,346.0
| 17-Jan-2018
| 1,345.0
| 16-Jan-2018
| 1,347.0
| 15-Jan-2018
| 1,350.0 | 12-Jan-2018
| 1,350.0
| Wk Change | 0.30% |
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The Ronoc Myanmar Investors News Letter informs current and prospective Myanmar-related investment professionals on the recent business news highlights from Yangon, adding in-depth, contextualised analysis from the ground.
In addition to this News Letter, we also offer cutting edge Consulting and Advisory Services including bespoke Research Reports covering areas from industry specific, political, economic and investment analysis. Feel free to contact us to further discuss these opportunities. Sincerely, Oliver Belfitt-Nash |
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Ronoc is an investment and advisory firm established in 2007. We specialise in emerging markets, retail banking and have offices in New York, London, Dublin, Yangon and Ulaanbaatar. Through our extensive experience of working and investing in the emerging markets, we have developed strong local networks and tailored strategies for operating in challenging political and economic settings. |
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