Yoma Strategic appointed as Volkswagen importer & distributor for Myanmar

Yoma Strategic Holdings Ltd. has announced that its wholly-owned subsidiary, Yoma German Motors Limited, signed an importer agreement with Volkswagen Aktiengesellschaft (AG) on 29 February. Under the Agreement, Yoma German Motors Limited will serve as the official importer and distributor of a range of passenger cars and SUVs manufactured by Volkswagen AG, within Myanmar. The […]

Yoma in tie-up to distribute Mitsubishi cars in Myanmar

Mainboard-listed Yoma Strategic Holdings announced on Wednesday (Dec 16) a 50:50 joint venture with Mitsubishi Corp to distribute the Japanese cars in Myanmar. The joint venture company, MM Cars Myanmar Ltd, will be responsible for the distribution (wholesale), retail sales, after-sales services, and maintenance services of Mitsubishi cars and spare parts. It will also take […]

Singapore firms keeping an eye on changes in Yangon

Business associations and companies in Singapore are hopeful that Myanmar will continue to be an attractive investment destination after an election set to reshape the country’s political landscape. The ruling party in Myanmar conceded defeat on Monday after the country held its first free election in 25 years on Sunday, as the opposition led by […]

Yoma sees Q1 net profit jump 78% to $2.56m

SINGAPORE – Mainboard-listed Yoma Strategic Holdings announced on Monday a 77.7 per cent jump in net profit to $2.56 million for the first quarter ended June 30, 2015, from $1.44 million in the year-ago period, as growth in its automotive sales and property rental income more than offset a decline in sales of residences and […]