Yoma Strategic chief executive talks leadership transition

Yoma Strategic Holdings chief executive Andrew Rickards is stepping down next month after a nearly four-year term, though remains bullish on Myanmar’s long term prospects.  As the best-known Myanmar-focused company listed on a foreign exchange, Yoma Strategic has attracted business and investors eager to participate in what’s sometimes touted as the last frontier economy. Yoma […]

Yoma Strategic appoints new CEO in July

Mr Melvyn Pun will be taking over from Mr Andrew Rickards, who will step down as CEO and Executive Director at the company’s Annual General Meeting on Jul 27. SINGAPORE: SGX Mainboard-listed firm Yoma Strategic has announced a management change with Mr Melvyn Pun taking over as its Chief Executive Officer from end July. Mr […]

Yoma Strategic Rides on Myanmar to Post Profit Bump

Singapore-based property conglomerate Yoma Strategic Holdings (YSH) has posted a tripling of its year-on-year net profit in the first quarter of 2014-15 fiscal year, thanks to valuation gains on its Myanmar projects. Revenue for the group rose 13.9 percent in the first quarter (Q1) of 2014-15 (ended June 30) to S$17.3 million ($13.9 million), it […]

Yoma to Ramp up Myanmar Investments by $130 Million

Singapore-listed Yoma Strategic Holdings (YSH) last week announced its plans for a massive expansion of its business interests in Myanmar in a bid to diversify its portfolio and income stream in the frontier market of the Southeast Asian country. The company, which mainly deals in real estate and property, will bolster its push into Myanmar […]

Battle for Yangon

The race is on to save the grand old buildings of Yangon, Myanmar’s former capital. Now on the brink of crumbling, can they be restored in time? Squint a little and they are almost visible. The choleric soldiers in the uniform of empire, shining boots and brass buttons. The twirling women in flounces and frills. […]

Singapore-Listed Yoma Expands Into Coffee in Myanmar

SINGAPORE — Singapore-listed Yoma Strategic Holdings Ltd plans to set up what it says could become the biggest coffee plantation in Myanmar, hoping the frontier economy has the potential to develop a strong coffee industry. The Myanmar-focused property conglomerate, led by chairman Serge Pun, said on Tuesday it has signed a deal to set up […]

Yoma diversifies in booming Myanmar market

SINGAPORE — Singapore-listed conglomerate Yoma Strategic Holdings is planning to expand into education, agriculture and logistics in a bid to capture emerging business trends and diversify its income stream in Myanmar, a booming frontier market. The conglomerate, which has a portfolio that currently focuses primarily on real estate, yesterday announced plans to develop several educational […]

Yoma and Sumitomo partner up

Yoma Strategic Holdings has entered into a proposed joint venture with Japan’s Sumitomo Corporation to distribute Hino trucks in Myanmar. Hino, a Toyota group company, manufactures medium- and heavy-duty trucks and buses, and is a market-leader in Japan. Andrew Rickards, Yoma Strategic’s chief executive, said the proposed joint venture would benefit both the logistics and […]

Capital-hungry Myanmar firms cautiously drawn to Singapore listings

“Many Myanmar business owners admire the reputation of Singapore Inc and look forward to raising their own prestige that comes with a Singapore listing,” said Kim Huat Chia, head of corporate & capital markets at Singapore law firm Rajah & Tann. But hurdles to successful offerings are high. Singapore’s bourse says while it has seen […]

Volkswagen to return to Myanmar

Yangon – German carmaker Volkswagen has entered into a partnership to provide auto services for its vehicles in Myanmar, company sources said Wednesday. The service centre, operated by its local subsidiary German Car Industries, will open this month in Yangon, Yoma Strategic Holdings said in a statement. Yoma Holdings owns 70%t of German Car Industries. […]