Myanma Railways seeks consultants to supervise Yoma Central

STATE-OWNED Myanma Railways plans to hire consultants to monitor the US$700 million Yoma Central project and ensure it is finished on time and according to the terms of the contract. Yoma Strategic Holdings, a Singapore-listed company controlled by Mr Serge Pun, leads the consortium behind the project, which it describes as “one of the most […]

Hotel expansion continues in Yangon

More hotels are on the way in Myanmar’s commercial capital, Yangon, despite a sluggish tourism performance over the last two years due to the on-going Rohingya crisis. Developers at the luxury end of the market appear undeterred by the drop in European tourists believing business and luxury travel segments will continue to grow. But tour […]

Yoma shares surge on lease extension for key Myanmar site

SINGAPORE — Property developer Yoma Strategic Holdings has won approval from the Myanmar Investment Commission for a lease extension that will let it redevelop the former headquarters of the Burma Railways Company into a five-star hotel. The approval, obtained after protracted negotiations with the authorities, yesterday drove shares of Singapore-listed Yoma sharply higher amid heavy […]