First Myanmar Investment First-Half Profit Jumps 52% on Year

​​ YANGON — First Myanmar Investment said Tuesday its net profit surged by 51.9%, year on year, to 6.2 billion kyat ($29.1 million) in the first fiscal half ended Sept. 30. Revenue at one of Myanmar’s largest public company jumped 49.4% on the year to 74.6 billion kyat. By sector, financial services contributed 67.4 billion kyat to […]

FMI, Lippo Rolls Out $420-m Hospital Partnership

First Myanmar Investments Co Ltd (FMI) and Indonesian conglomerate Lippo Group have officially launched a healthcare joint venture with a $420 million national roll out in Myanmar. The joint venture is targeting up to 20 hospitals in its national network over 10 years focusing on the first 12 hospitals within the next three to five […]