Serge Pun goes Where Others Fear to Tread

WHERE others see operational and regulatory risks in setting up businesses in Myanmar, Burmese tycoon Serge Pun sees opportunities – openings that he says wouldn’t fall into his lap in highly regulated and mature markets like Singapore and Hong Kong. In an interview with The Business Times on Thursday, the chairman of the Serge Pun […]

Yoma Strategic Holdings Ltd’s Latest Chairman Letter: 3 Things Investors Should Know About Its Growth Opportunities

Yoma Strategic Holdings Ltd (SGX: Z59) is a conglomerate that focuses on Myanmar. It has business interests in a wide variety of sectors in the country, such as real estate development, agriculture, tourism, vehicle distribution, and food and beverage retail. In Yoma Strategic’s latest annual report for its fiscal year ended 31 March 2017 (FY2017), […]

FMI Plays Key Role in Singapore Listed Firm focusing on Myanmar Travel Market

First Myanmar Investment Co., Ltd. (“FMI”) together with its affiliated company, Yoma Strategic Holdings Ltd. (“YSH”) and Exemplary Ventures Ltd. (“EVL”) will transfer their equity interest in MM Myanmar Pte. Ltd., a tourism assets owned business, to Singapore Exchange listed SHC Capital Asia Ltd. (“SHC”) According to a press release on December 1, the transfer […]

Myanmar execs seek help in fostering human resources

TOKYO — Even as more Japanese companies are eyeing the growing business opportunities in Myanmar, the young country and its more than 50 million people are in need of help in developing human resources in addition to infrastructure, a fact emphasized by several prominent businessmen from the country, speaking at a seminar on Monday in […]

Kawthaung Airport to be Upgraded to Int’l Standard

Tanintharyi regional government plans to upgrade Kawthaung Airport to an international standard facility to attract more foreign flights to southern Myanmar. “We submitted a proposal for Kawthaung airport’s expansion to the union government earlier this year and are still awaiting a decision. If approved, the project will go on (under) the union government’s budget or […]

Tanintharyi Tourism Committee Seeks IFC Infrastructure Support

A tanintharyi development committee, operating under the tourism ministry and chaired by local tycoon Serge Pun, is seeking assistance from the International Finance Corporation (IFC) for the upgrade of infrastructure in Myeik archipelago to boost sustainable tourism, a committee member told The Myanmar Times. The Myeik archipelago is made up of a cluster of more than 800 largely […]

Yoma Launches Agribusiness Finance Program with LIFT

​​ Farmers will have better access to funding under a new Yoma Bank scheme, and can use it to buy much-needed agricultural machinery. The bank announced the launch of its Agribusiness Finance Program (AFP) in Yangon on December 15. The new program cuts the down payment on a hire purchase agreement from 30 percent to […]

Mortgage Financing, Tourism Infrastructure Key to Real Estate Sector – Myanmar Property Awards Judge

​​ The third annual Myanmar Property Awards finished accepting nominees this week, with the shortlist due to be unveiled in May next year. Last year’s ceremony, organised by PropertyGuru, recognised local property conglomerate Shwe Taung Development with the best developer awards, while business magnate Serge Pun picked up the Real Estate Personality of the Year […]

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 […]

World’s Youngest Stock Market Struggles in Myanmar

YANGON, Myanmar (AP) — The day’s trading is about to begin on the world’s youngest stock exchange, and the MYANPIX index and opening share prices flash across an electronic screen, but barely a footfall or a voice are heard within the cavernous, colonial era building in the bustling heart of Myanmar’s commercial capital. A gilded […]