Yangon Airport calls of EOI for key commercial concessions

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Yangon Aerodrome Company Limited (YACL) is seeking Expressions of Interest in these following categories: Travel Retail, Fashion & Accessories (including Luxury brands) Food & Beverages (cafes, restaurants, bars, food courts, etc) Electronics Books, Magazines and Stationary Watches Toys […]

Lippo Group Inaugurates First Myanmar Hospital, Plans $1b Investment

Yangon. Lippo Group, one of Indonesia’s largest conglomerates, launched on Saturday its first hospital in Myanmar, as part of the group’s plan to spend $1 billion to build 20 hospitals in the country over the next three to five years. The Mekong-river country serves as Lippo’s stepping stone in its expansion in the Southeast Asia […]

Pun Hlaing Hospital gets injection of capital and ideas

IT has been open for more than nine years, but Pun Hlaing Hospital is yet to turn a profit for First Myanmar Investment’s shareholders The company’s management is betting, however, that an injection of US$10 million and a new philosophy on healthcare provision will bring the hospital a new – and profitable – lease on […]

FMI’s Landmark project moves forward without ‘critical’ lease extension

Restoration efforts are ongoing on the centrepiece building of a major development project in Yangon backed by business tycoon Serge Pun, despite continued difficulties in securing a critical lease extension for the mixed-use property. Major work on the Landmark Project, estimated at more than US$400 million and spread over more than 10 acres of prime […]

FMI still unable to get railway lease for iconic Landmark project

The March 22 meeting was confirmed by an official from the Ministry of Railways. Work on the US$400 million mixed-use project in downtown Yangon backed by business tycoon Serge Pun has been unable to get underway due to an inability to secure a lease extension from the Ministry of Railways. Once the lease extension is […]

SGX-listed Yoma’s consortium succeeds in tender for management of Myanmar’s Mandalay Airport

Yoma Strategic Holdings, a Myanmar focused, Singapore-listed company primarily involved in real estate, said on Monday that a consortium it formed with two Japanese companies, Mitsubishi Corporation and JALUX Inc., has been selected by the authority of Myanmar as the successful tenderer to “upgrade and operate” the Mandalay International Airport. The consortium is also invited […]

Video: Myanmar Investment Opportunities – What you need to know

Learn about the investment opportunities that are revealed by the new legal framework in Myanmar This is the 1st in a 2-part video series on Investing in Myanmar. This video outlines the business opportunities for foreign investors in the Reserved Sector and the Restricted Industry. Discuss about the size of investment required to be successful […]

Origo forms JV with SPA

Origo Partners PLC announced it had formed a 50:50 joint venture company with Serge Pun & Associates (Myanmar) Ltd, one of Myanmar’s leading conglomerates, with a view “to identify investment opportunities across the natural resources and other sectors in Myanmar.” “Following the start of liberalisation in Myanmar, the country has the potential to become a […]