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 […]

Indonesia’s Lippo Group looking to invest in Myanmar, Cambodia

Indonesian conglomerate Lippo Group is studying a plan to invest between $600 million and $1 billion in the hospitality, healthcare and education sectors in Myanmar and Cambodia, the Investor Daily reported, quoting Chief Executive James Riady. Lippo’s hospital operator unit, PT Siloam International Hospitals Tbk, plans to open 12 hospitals in Myanmar and has gained […]

Indonesia’s Lippo to Open 12 Hospitals in Myanmar

TEMPO.CO, Jakarta – Lippo Group plans to open 12 hospitals in Myanmar with a total investment between US$400 million and US$500 million, Lippo Group deputy chairman James Riady said on Monday, April 20, 2015, on the sideline of the World Economic Forum event at the Shangri-La Hotel, Jakarta. According to James, the 12 hospitals will […]