Daibochi’s Myanmar ops lift 1Q net profit by 12%

KUALA LUMPUR (May 14): Daibochi Plastic and Packaging Industry Bhd said its new consumer packaging plant in Yangon, Maynmar, which commenced operation last July, helped lift its latest quarterly net profit by 12.3% to RM6.48 million, from RM5.77 million a year ago. This resulted in higher earnings per share for the quarter ended March 31, […]

SunCon now in talks with potential JV partners in Myanmar, Indonesia, says MD

KUALA LUMPUR (Jan 23): Sunway Construction Group Bhd (SunCon), which has expressed its intention to expand into Asean, said it is now in discussion with potential joint venture partners in Myanmar and Indonesia, according to the group’s managing director Chung Soo Kiong. “Currently, we’re looking quite seriously in Myanmar and Indonesia…We need a long-term strategic […]

PPB disposes of Myanmar packaging business for US$2.4m

KUALA LUMPUR (Sept 20): PPB Group Bhd is disposing of its entire equity interest in Tefel Packaging Industries Co Ltd in Myanmar for US$2.4 million (RM10.06 million). PPB’s 79.9%-owned indirect subsidiary Tego Sdn Bhd inked an agreement to transfer its entire 100% stake in Tefel Packaging Industries Co Ltd — a polypropylene bags manufacturer — […]

Myanmar Strategic Holdings plans further Myanmar expansion with London Stock Exchange float

A company making its debut on the London Stock Exchange today has said it is targeting expansion in Myanmar’s fast-growing consumer sector. Myanmar Strategic Holdings (MSH) is aiming to raise $4.3m (£3.3m) on its admission to the London market which it has announced today, as it targets growing its portfolio to 20 locations in the […]

YSE: $20 billion worth of Market Capitalisation by 2022

The Yangon Stock Exchange (YSX), set to open in October this year, is to see up to US$20 billion in Market Capitalisation as well as trade volume of US$10 billion per year, said Dr Aung Thura, CEO of Thura Swiss during the ASEAN- Myanmar forum held on March 23 at the Park Royal Hotel, Yangon. […]