Financial intelligence for Asia’s healthcare markets

“Myanmar’s healthcare infrastructure remains underdeveloped,” writes Ang Wei Zheng, pharmaceuticals & healthcare analyst for BMI Research in Singapore in a new research paper that looks at opportunities for private healthcare providers in the country. Although many healthcare companies, like Malaysia’s IHH Healthcare, have shown interest, to date only three companies have made the leap. First […]

Stock market delayed due to election

The launch of the Yangon Stock Exchange has been pushed back until after the November 8 election, according to deputy finance minister Dr Maung Maung Thein. The stock exchange had initially been scheduled to be launched in late October, but the new date is roughly scheduled to be the third or fourth week of November […]

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 […]

Quality the priority over timing for Yangon Exchange

The Yangon Stock Exchange may not arrive in October, as preparations are focused on providing a quality market rather than solely on timing, according to deputy finance minister Dr Maung Maung Thein. “The target we have set is October this year, but it’s just a target. Our intention is just to deliver the quality goods, […]

Condo developers go small-town

As the market for condominium developments in Yangon becomes increasingly crowded, developers are looking at other locations across the country for opportunities to build new projects. Yangon’s skyline is changing quickly as developers race to build high-end condominiums, but elsewhere in Myanmar, the pace of growth has been much slower. Mandalay’s first condominium was built […]

FMI ‘first and only’ company to list on YSX, says Pun

First Myanmar Investment (FMI) Company will be the first, and for the time being the only, company to launch an initial public offering (IPO) on the Yangon Stock Exchange (YSX) when it opens later this year, according to company chair Serge Pun. Speculation over which firms will attempt to list has intensified as the exchange […]

FMI’s hospital joint venture gets MIC nod

First Myanmar Investment (FMI) and Lippo Group’s health care joint venture has been approved by the Myanmar Investment Commission, according to a press release. Serge Pun-chaired FMI will own 60 percent of the joint venture, with Indonesia-based Lippo Group, the controlling shareholder of Indonesia’s Siloam International hospitals, owning the remaining 40pc stake. “This represents a […]

Pun Hlaing Hospital gets injection of capital and ideas

IT has been open for more than nine years, but Pun Hlaing Hospital is yet to turn a profit for First Myanmar Investment’s shareholders The company’s management is betting, however, that an injection of US$10 million and a new philosophy on healthcare provision will bring the hospital a new – and profitable – lease on […]

Krisplaza sales to launch in Yangon and Nay Pyi Taw

LSC-FMI Co., Ltd, the strategic joint venture between First Myanmar Investment Co., Ltd. (FMI) and Lighting Specialist Co., Ltd. (LSC), announce the launch of sales for KrisPLAZA, a new US$24 million residential and commercial development in a premium Nay Pyi Taw growth location on February 18. Earlier this month, the FMI and LSC collaboration, KrisPLAZA, […]

FMI, LSC to Develop $24-m High-end Property in Capital

First Myanmar Investment Co Ltd (FMI) and Lighting Specialist Co Ltd (LSC) have struck a joint venture deal to develop a high-end property in the country’s capital Naypyitaw. At a total cost of approximately $24 million, construction of KrisPlaza is scheduled to start in early 2015 with completion earmarked for the third quarter of 2016, […]