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Lower tax rates, higher liquidity expected to boost property market

Real estate developers in Myanmar are expecting a boost in the number of property transactions in fiscal 2019-20, which they hope will help jumpstart the local property market. One reason demand will rise is as a result of a reduction in tax rates on previously undeclared income, which is expected to encourage those who have […]

Yoma Strategic Holdings profits drops 5.8% to $3.7m in Q2

Blame the lack of a $14.7m fair value gain from their telco towers investment. Yoma Strategic Holdings’ (Yoma) profits crashed by 56.8% YoY to $3.7m in Q2. According to OCBC Investment Research, there was an absence of a $14.7m fair value gain on the telecommunications towers investment which was recognised in Q2. Revenue grew 32.9% […]