United International Group to Open Five Amata Hotels in 2018-19

United International Group, owner and operator of Amata Hotels in Myanmar, will open five more hotels in the country, U Win Aung, group CEO of United International Group told The Myanmar Times Monday. The company will open two new Amata hotels at Inle Lake and Pindaya in Shan State, two in the Myeik archipelago at Tanintharyi Region […]

Malaysia, Singapore-backed firm acquires tourism business from Serge Pun

SHC Capital Asia, an investment holding company, is planning to acquire MM Myanmar from Mr Serge Pun’s First Myanmar Investment Limited (FMIL), a local conglomerate which is listed on the Yangon Stock Exchange, Yoma Strategic Investments and Exemplary Ventures for S$69.7 million. SHC Capital Asia is backed by Malaysian property developer See Hoy Chan and […]

YOMA leads the field in quality properties in Yangon

  Cyrus Pun is excited about the prospects for his company’s new real estate development in Yangon. As Head of Real Estate and Executive Director of YOMA Strategic Holdings Limited, Cyrus Pun says Myanmar’s real estate market is young. But judging by the quality of the property Lotus Hill that his company is rolling out, […]

Zaw Zaw – How a Myanmar tycoon is profiting from change

Zaw Zaw, one of Myanmar’s most successful and notorious businessmen, likes to pick his way at odd hours around the hulking skeleton of his new hotel, rising beside Yangon’s main airport road. The 366-room Novotel holds a story of how one man, who remembers being too poor to afford a soccer ball, built an empire […]