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Balloons Over Bagan soars to new state in Myanmar

Balloons Over Bagan, under Myanmar-based Memories Group, has launched a new hot-air balloon flight in Kayah State. Hot-air balloon rides in Loikaw take off at sunrise on a daily basis throughout the year and can carry six to eight passengers per flight. Air time lasts one to two hours, and balloons will reach a maximum […]

Confident of long term growth, Serge Pun bets big on tourism, property

Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]

FMI Plays Key Role in Singapore Listed Firm focusing on Myanmar Travel Market

First Myanmar Investment Co., Ltd. (“FMI”) together with its affiliated company, Yoma Strategic Holdings Ltd. (“YSH”) and Exemplary Ventures Ltd. (“EVL”) will transfer their equity interest in MM Myanmar Pte. Ltd., a tourism assets owned business, to Singapore Exchange listed SHC Capital Asia Ltd. (“SHC”) According to a press release on December 1, the transfer […]

Yoma Strategic mulls mergers for new tourism firm with an eye on the SGX

Yoma Strategic Holdings is restructuring its tourism assets and plans to create a new Myanmar tourism-focused firm that will merge with other players in the sector and potentially list on the Singapore exchange, Yoma’s chief executive told The Myanmar Times. The company announced on September 2 that it had bought the remaining 25 percent it did […]