Serge Pun goes Where Others Fear to Tread

WHERE others see operational and regulatory risks in setting up businesses in Myanmar, Burmese tycoon Serge Pun sees opportunities – openings that he says wouldn’t fall into his lap in highly regulated and mature markets like Singapore and Hong Kong. In an interview with The Business Times on Thursday, the chairman of the Serge Pun […]

TMH Telecom set to become Myanmar’s first true IPO

YANGON — TMH Telecom gained approval Monday to become only the fifth corporation to go public in Myanmar’s fledgling stock market — and the first to raise fresh capital through an initial public offering. The listing is expected to occur in January, though the announcement of the float’s approval by the Yangon Stock Exchange did […]

TrueMoney finds a niche in Myanmar’s mobile fintech space

TrueMoney, one of the newest additions to the string of fintech firms vying for a slice of the mobile money market in Myanmar, is upping its game in the face of rising competition. Its strategy is to meet demand for a service to facilitate international mobile cash transfers by Myanmar residents. “We have a channel […]

More firms to be listed on Yangon stock exchange

PEOPLE’S interest in trading on the Yangon stock exchange does not seem to be growing 18 months after its launch but more companies are nevertheless keen to be listed, say officials. Htay Chun, a member of Securities and Exchange Commission of Myanmar, says that at least two more companies hope to complete the necessary procedures […]

FDI companies can trade on YSX

When the new Myanmar Companies Act emerges, a system to allow companies with foreign investment to list on the Yangon Stock Exchange, will be established, said U Htay Chun, a member of Myanmar Securities Exchange Supervisory Commission to Myawady Daily newspaper, yesterday. “Foreigners are unauthorized to participate in stock trading on YSX under existing Myanmar […]

Mobile Money Flourishing in Myanmar

YANGON — For a population used to carrying wads of cash stuffed in pockets, purses and wallets, mobile money has the potential in Myanmar to dislodge paper as the main means to make payments and remittances. Mobile money is a fintech service that enables money to be deposited and withdrawn using apps downloaded to mobile phones. […]

Tanintharyi Tourism Committee Seeks IFC Infrastructure Support

A tanintharyi development committee, operating under the tourism ministry and chaired by local tycoon Serge Pun, is seeking assistance from the International Finance Corporation (IFC) for the upgrade of infrastructure in Myeik archipelago to boost sustainable tourism, a committee member told The Myanmar Times. The Myeik archipelago is made up of a cluster of more than 800 largely […]

Myanmar’s Stock Exchange Struggles a Year After Launch

​ YANGON — Housed in a stately colonial building at the heart of Myanmar’s financial district sits the Yangon Stock Exchange, which amid great expectations opened its doors as the country’s first bourse a year ago this month. Fast forward to today, and the exchange, known as YSX, is struggling. With only four listed issues, […]

The Peninsula Hotel to Arrive in Yangon

​​ First Myanmar Investment (FMI) has announced its luxury hotel venture The Peninsula Yangon as part of its real estate development Yoma Central, a move that coincided with a rise in its share price. On February 16, FMI held a groundbreaking ceremony for the Yoma Central project, formerly known as the Landmark Development, in Yangon. […]

Ground broken on massive mixed-use complex in Yangon

YANGON — Construction began here Thursday on a roughly $700 million project led by Myanmar real estate developer Yoma Strategic Holdings and Japanese trading house Mitsubishi Corp. The commercial-residential complex will be the largest real estate investment in Myanmar since the civilian government took over last March. A Peninsula hotel, the luxury chain run by […]