Myanmar moves to stave off credit crunch

NAPYITAW — Myanmar’s banking system is facing tough new regulations that could take more than $1 billion worth of local currency out of circulation, severely curtail lending and badly hurt the economy if a tight compliance deadline is not eased, senior bankers have warned. The Central Bank of Myanmar published its first set of modern […]

Businesses push for better communications with Nay Pyi Taw

THE government should update the business community with the latest economic activities and manage the expectations, according to domestic and foreign investors at a recent investment forum held in the country’s capital. Investors in Myanmar would like to see a push towards further liberalisation of the economy. More people are taking part in the private […]

Businesses more optimistic on the Myanmar investment arena compared to last year

Prospects for the Myanmar economy are looking promising despite the unrest in northern Rakhine, officials from the public and private sector said today. Inflation pressures are expected to ease and private and public investments in infrastructure services and non-commodity sectors such as light manufacturing and hospitality are forecast to grow, said U Maung Maung Win, […]

Belt and Road should not dictate infrastructure priorities: Melvyn Pun

Beijing’s Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest. During the 2nd ASEAN-Myanmar Forum hosted by the Singapore Institute of International Affairs in Sedona Hotel yesterday, Melvyn Pun, the chief executive […]

Yoma Digs Deep to Invest in JCB Machines as it Awaits Big Growth in Infrastructure

Yoma JCB, Myan­mar’s official dis­tributer of British-made JCB tractors, will invest $5 million over the next few years to grow the brand amid the country’s infrastructure boom, ac­cording to the company’s CEO. The firm last week launched 8 JCB models, including the Backhoe Loader and Excavator, for distribution through par­ent company Conveni­ence Property’s (CPCL) 14 […]

Yoma JCB holds official launch ceremony in Yangon

Yoma Strategic Holdings Ltd. announced that its wholly-owned subsidiary, Convenience Prosperity Company Limited (CPCL), held its official launch ceremony for its JCB heavy equipment products in Yangon on 17 May. CPCL is the exclusive distributor for JCB construction equipment in Myanmar and started operations in January 2017. The official launch ceremony held at Pun Hlaing […]

Metro Group and Yoma Strategic Holdings sign joint venture agreement for wholesale distribution in Myanmar

Metro Group Wholesale & Food Specialist Company announces its joint venture partnership with the Singapore-listed Myanmar-focused Yoma Strategic Holdings Ltd. to develop a one stop food distribution platform in Myanmar. According to the agreement, METRO will take an 85% stake in the newly established joint venture called METRO Wholesale Myanmar Ltd., with the remaining 15% […]

New Myanmar Subsidiary For Yoma

BRIEF: Yoma Strategic has formed a new Myanmar b– Pun Hlaing Lodge Hotel Management – to build a five-star hotel on the Pun Hlaing Estate. The new entity has US$75,000 in paid-up capital, consisting of 75,000 shares held entirely by Yoma Strategic, with approval from the Myanmar Investment Commission. Pun Hlaing Estate is a 652-acre luxury development that includes a […]

Yoma to Distribute JCB Construction and Heavy Equipment in Myanmar

Singapore-based Yoma Strategic Holdings Ltd’s full subsidiary, Convenience Prosperity Company Limited, has been appointed by J C Bamford Excavators Limited (JCB) as the exclusive distributor for the Myanmar market. Founded in 1945, UK-based JCB is the world’s third largest manufacturer of construction equipment by volume with 22 manufacturing plants worldwide. JCB sells its products in […]