MIC approves new projects worth $100 million

The Myanmar Investment Commission (MIC) has approved nine new projects in its fourth round of licensing since the new government took power. In the meeting, held last week, the commission approved four foreign investments worth US$62 million and five local investments worth more than K32 billion, according to Directorate of Investment and Company Administration (DICA) […]

Yoma project ‘is 1st in Myanmar to have water-treatment plant’

Mainboard-listed Yoma Strategic Holdings on Monday announced the opening of a potable water plant at Pun Hlaing Golf Estate, its development in Myanmar, which the company says is the first in the country to have its own water-treatment plant. Designed and supplied by Singapore-listed water solutions provider Hyflux, the plant is to deliver high-quality drinking […]

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 […]