Keppel Land divests Sedona Hotel Mandalay

KEPPEL Land has entered into a conditional sales and purchase agreement to divest its entire stake in Wiseland Investment (Myanmar) – which owns Sedona Hotel Mandalay – to Eden Hotels and Resort Co for US$41 million. The divestment, which comes on the heels of Keppel Land’s investment in Junction City Phase Two in Yangon, is […]

Malaysian healthcare group IHH to build Yangon Parkway hospital

Malaysian firm IHH Healthcare is building a US$70 million 250-bed hospital in Yangon through a Singaporean subsidiary, which will help efforts to train local Myanmar health professionals, the company said. The new Parkway Yangon Hospital is IHH’s first in Myanmar, although the company plans to build more in the future, a Parkway Pantai spokesperson told […]

Yoma’s Pun Seeks New Myanmar Stock Exchange’s First Listing

First Myanmar Investment Co., a conglomerate controlled by businessman Serge Pun, is aiming to be the first publicly traded company on the Myanmar stock exchange. Pun, who is also chairman of Singapore-listed developer Yoma Strategic Holdings Ltd., said in an interview that First Myanmar doesn’t plan to sell any new shares. The company, which has […]

Sembcorp Industries signs S$420 million accord to develop Myanmar’s biggest power plant

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. SINGAPORE – Sembcorp Industries has announced a memorandum of understanding with the Myanmar government to invest in and develop the country’s largest gas-fired power plant to help address a power shortage. The company said it wholly-owned subsidiary, Sembcorp […]

Maybank to help Myanmar firms raise regional capital

Maybank will offer a number of services in Myanmar including project finance and corporate lending, said Pollie Sim, CEO of international business at the Malaysian bank. It will also be willing to help companies raise capital through regional equity or debt markets, she said at the launch of the bank’s Myanmar branch office on October […]

MEHL accepts US$560m valuation of F&N’s stake in Myanmar Brewery

SINGAPORE: The Myanma Economic Holdings (MEHL) has accepted the US$560 million (S$776 million) valuation of Fraser & Neave’s (F&N) 55 per cent stake in Myanmar Brewery, the Singapore-listed company said on Wednesday (Aug 5). In a filing on the Singapore Exchange, F&N said its Myanmar partner in the brewery confirmed the sale at that price, […]

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 […]

The Colonel comes to Myanmar

Yoma Strategic Holdings will soon offer Myanmar’s fast food lovers the chicken The Colonel made famous with his secret recipe of 11 different herbs and spices. The Singapore-listed company has announced plans to bring the US fast food chain, KFC, into the country, making it the first international fast food retailer in the long-isolated nation. […]

Newcomer to build 500 Ooredoo towers

Singapore Windsor Holdings has won a contract to build 500 telecommunication towers for Ooredoo Myanmar, according to a notice published late yesterday on the Singapore Exchange (SGX). The build-and-lease contract is for a period of 18 months, according to the statement. This is a relatively modest rollout plan compared to other towers companies operating in […]

Yoma shares surge on lease extension for key Myanmar site

SINGAPORE — Property developer Yoma Strategic Holdings has won approval from the Myanmar Investment Commission for a lease extension that will let it redevelop the former headquarters of the Burma Railways Company into a five-star hotel. The approval, obtained after protracted negotiations with the authorities, yesterday drove shares of Singapore-listed Yoma sharply higher amid heavy […]