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Surbana Jurong and Mitsubishi Corporation Enter Joint Venture to Set up Fund Management Company

SINGAPORE, Sept. 14, 2018 /PRNewswire/ — Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong, and Mitsubishi Corporation today signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50 joint venture between the two companies and will be jointly managed by both partners. The FMC […]

Govt. to upgrade four sub-power stations in Yangon

Ministry of Electricity and Energy signed an agreement with Japanese firm Mitsubishi Corporation on May 29 to upgrade and maintain Ahlon, Ywarma, Hlawkar and Thaketa sub-power stations in Yangon region within 33-months time, according to the ministry. Although the sub-power stations are currently fulfilling electricity needs for Yangon region, the ministry is constructing new sub-power […]

Myanmar’s new Companies Act can be ‘game changer’

TOKYO — Little in the way of positive news has come out of Myanmar in recent months. The situation in Rakhine State has seen de facto leader Aung San Suu Kyi come in for severe criticism from the international community as her government struggles to deal with the crisis and the realities of running the […]

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. […]

Major Myanmar’s real estate project wins lease extensions

A half billion dollar real estate development in Myanmar’s commercial capital has gained critical lease extensions from the ministry of transport, its developer said on Wednesday. The Landmark Development, backed by Singapore-listed Yoma Strategic Holdings Ltd., located in Yangon, has been stalled since 2012 without them. The centerpiece of the 10 acre mixed-use property is […]

Tender planned for $2b Yangon-Mandalay railway upgrade

Subscribe to our tender alert mailing list A Tender for private companies to work on a US$2.2 billion upgrade of the railway linking Myanmar’s two largest cities will be called at the end of this year, an official said yesterday. Work on the Yangon-Mandalay railway, led by the Japan International Cooperation Agency, is scheduled to […]

Myanmar’s Mr Clean says he takes ‘red tape road’ to profit

Scaffolding around the 139-year old Burma Railway Headquarters, a red-brick colonial relic at the center of a half billion dollar property development in central Yangon, hasn’t seen much action since the project was announced four years ago. Serge Pun, the 63-year-old project developer and one of Myanmar’s richest men, says his Landmark development – which […]

Yoma Yangon International Marathon 2016 Race Pack Collection

Participants can collect their Race Pack from 14 to 16 January 2016 at Thuwunna National Indoor Stadium Yangon, Myanmar, 11 January 2016 – Participants of the Yoma Yangon International Marathon 2016 (YYIM 2016) can pick up their Race Pack on 14, 15 and 16 January 2016 (Thursday to Saturday) from 10am to 5pm on each day at […]

U Yan Win: After parliament, back to business

The National League for Democracy is the people’s choice, he said at his office in Yangon yesterday. “We have to follow the people’s desire.” Nevertheless, the owner of A1 Group of Companies will have plenty to keep him occupied – with the NLD in power he believes his business prospects are likely to improve. “Our […]

MIC forecasts Mandalay foreign investment boom

Foreign direct investment to Mandalay Region will boom within two or three years, as a number of ambitious projects launch and connectivity improves, according to Myanmar Investment Commission secretary U Aung Naing Oo. Mandalay Region is currently in ninth place for foreign direct investment, receiving less than 10 percent of capital inflows, he said at […]