New Myanmar Subsidiary For Yoma

BRIEF: Yoma Strategic has formed a new Myanmar b– Pun Hlaing Lodge Hotel Management – to build a five-star hotel on the Pun Hlaing Estate. The new entity has US$75,000 in paid-up capital, consisting of 75,000 shares held entirely by Yoma Strategic, with approval from the Myanmar Investment Commission. Pun Hlaing Estate is a 652-acre luxury development that includes a […]

Yoma to Distribute JCB Construction and Heavy Equipment in Myanmar

Singapore-based Yoma Strategic Holdings Ltd’s full subsidiary, Convenience Prosperity Company Limited, has been appointed by J C Bamford Excavators Limited (JCB) as the exclusive distributor for the Myanmar market. Founded in 1945, UK-based JCB is the world’s third largest manufacturer of construction equipment by volume with 22 manufacturing plants worldwide. JCB sells its products in […]

Ex-banker builds on father’s property business

Yoma’s new CEO eyes diversified plate of projects in Myanmar Taking over the reins of his father’s business was not a move Mr Melvyn Pun had envisioned. “It was totally unexpected,” says Mr Pun, 37, now chief executive at Singapore-listed property and construction group Yoma Strategic Holdings. The former Goldman Sachs investment banker was appointed […]

Yangon KFC operator upbeat on post-election economy

Myanmar’s first KFC restaurant has thrived since opening in Yangon in July, with people regularly seen lining up outside the shop to buy the various chicken dishes on offer. The franchise is operated by Yoma Strategic Holdings, the Singaporean subsidiary of Myanmar conglomerate Serge Pun & Associates. Serge Pun, SPA’s founder, is known as the […]

Back-Alley Computer Geeks Are Hidden Winners of Myanmar Election

In a run-down building on a trash-strewn side street of oily vehicle repair shops and steamy noodle vendors, a group of 20-something software geeks are hunched over laptops in a white and red open-plan office, working on projects for everything from a private-jet operator to a mobile-phone network. “There’s just enormous, enormous amounts of opportunities […]

Myanmar deal to expand Axiata’s tower business

JUST over two years after it failed in its bid to secure one of the two mobile operating licences up for grabs in Myanmar, Axiata Group Bhd has found another route to the region’s last underpenetrated telecommunications market that could help lift its earnings in the coming years. What’s more, Axiata’s entry into Myanmar — […]

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 […]

Serge Pun Constructs A Real-Estate Empire In Myanmar

The road to Star City is a rutted two-lane highway that threads past the ragtag outskirts of Yangon, crosses two rusted bridges and ends, almost an hour later, at a slick showroom on a grassy riverbank. A roadside billboard welcomes me to “A Model City of Tomorrow.” After a bumpy ride in monsoon rains the […]