Yoma Strategic and Norfund to build distributed power networks in Myanmar

Yoma Strategic Holdings Ltd. has announced its partnership with Norfund, a Norwegian state-owned investment fund, to establish distributed generation micropower plants and mini grids for the purpose of generating and distributing electricity to off-grid rural communities and telecommunications towers in Myanmar. According to a statement, electricity infrastructure development is a priority for Myanmar to drive […]

Mercedes-Benz builds the new car market

Well-known German automaker Mercedes-Benz is working to find what cars click with local consumers. It has imported about 20 different models in the two years since it opened its first showroom in Myanmar. U Aung Thet Lwin, head of sales and marketing at Cycle & Carriage Automobile Myanmar, the local distributor of Mercedes-Benz, said that […]

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

Subscribe to our tender alert mailing list 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 […]

MJL Bangladesh forms joint venture in Myanmar

MJL Bangladesh has become the first local company to explore the untapped Myanmar market by setting up a joint venture company in the once isolated country. The company got the chance after the central bank recently allowed capital investment outside Bangladesh, a long-awaited demand of the Bangladeshi businesspeople. The joint venture company — MJL & […]