Myanmar Digest: MSH gets nod for Yangon school; SPARX backs MyanCare

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MyanCare Telemedicine, a healthtech company, has raised an undisclosed pre-Series A funding from Japan’s SPARX Investment Group.

IFC grants $3m loan to SLCM to expand Myanmar agribusiness

The capital will be used to expand the company’s warehousing facilities and allied services in Myanmar.


OPIC provides $5m loan to BRAC Myanmar Microfinance

The financing will help BRAC Myanmar provide more loans and increase financial inclusion in Myanmar.


Myanmar may see strategic deals as banking sector opens up for global players

However, the approval for foreign banks to invest in the country is not expected to be a game changer in the immediate short term.


mmDS gets six-digit sum from Seed Myanmar, Theta Capital

The proceeds from the fresh funding will be used for business growth.


UK’s DFID DaNa Facility backs two inclusive project grants in Myanmar

Each of the two projects will incubate at least 10 enterprises in agritech, fintech, health and education sectors in Myanmar.


Myanmar to allow five foreign players to operate life insurance business

These include Japan’s Dai-ichi, AIA Group unit, Prudential Hong Kong Limited, among others.


Myanmar Digest: MCB in pacts for money transfer service; Sea Lion’s $10m facility

Myanmar Citizens Bank is planning to expand its money transfer service internationally by partnering with US-based MoneyGram and London’s Thunes.


YSX-listed FMI sells aviation unit stake to SPA for $5.2m in intra-group deal

The stake sale is essentially a shift of shareholding within the SPA group and comes about 10 months after the airline stopped its aviation services as a domestic carrier.


Myanmar Digest: Yoma loan for Kargo; AsiaCarGroup sets up local platform

Kargo has secured a $130,000 loan from Yoma Bank while Australia’s AsiaCarGroup has activated a Myanmar platform for trading of cars.