Yoma JCB holds official launch ceremony in Yangon

Yoma Strategic Holdings Ltd. announced that its wholly-owned subsidiary, Convenience Prosperity Company Limited (CPCL), held its official launch ceremony for its JCB heavy equipment products in Yangon on 17 May. CPCL is the exclusive distributor for JCB construction equipment in Myanmar and started operations in January 2017. The official launch ceremony held at Pun Hlaing […]

Yoma Strategic and Norfund to build distributed power networks in Myanmar

Yoma Strategic Holdings Ltd. has announced its partnership with Norfund, a Norwegian state-owned investment fund, to establish distributed generation micropower plants and mini grids for the purpose of generating and distributing electricity to off-grid rural communities and telecommunications towers in Myanmar. According to a statement, electricity infrastructure development is a priority for Myanmar to drive […]

Myanmar Luxury Property Hampered by Confusion Over Law on Foreign Buyers

Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now […]

Yoma to Distribute JCB Construction and Heavy Equipment in Myanmar

Singapore-based Yoma Strategic Holdings Ltd’s full subsidiary, Convenience Prosperity Company Limited, has been appointed by J C Bamford Excavators Limited (JCB) as the exclusive distributor for the Myanmar market. Founded in 1945, UK-based JCB is the world’s third largest manufacturer of construction equipment by volume with 22 manufacturing plants worldwide. JCB sells its products in […]

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 […]

Mitsubishi to begin Myanmar project

YANGON – Japanese trading house Mitsubishi Corp said Tuesday that it has agreed with Mitsubishi Estate Co to commence work on a mixed-use landmark development project in downtown Yangon, Myanmar, in collaboration with Singapore-listed Yoma Strategic Holdings Ltd and local firm First Myanmar Investment Co. The project, which will cover 200,000 square metres of residential, […]

Yoma Strategic appointed as Volkswagen importer & distributor for Myanmar

Yoma Strategic Holdings Ltd. has announced that its wholly-owned subsidiary, Yoma German Motors Limited, signed an importer agreement with Volkswagen Aktiengesellschaft (AG) on 29 February. Under the Agreement, Yoma German Motors Limited will serve as the official importer and distributor of a range of passenger cars and SUVs manufactured by Volkswagen AG, within Myanmar. The […]

Yoma Incorporates Yangon Auto Subsidiary

Singapore-based Yoma Strategic Holdings Ltd said it has incorporated a new automobile subsidiary in Yangon. The new company, Yoma German Motors Limited, will sell and service Volkswagen passenger cars in Myanmar, the Myanmar focused company, owned by tycoon Serge Pun, said in a stock exchange filing in Singapore. The paid up capital for the new […]

Yoma Claims Bumper Sales at Galaxy Towers

Almost 20 percent of the first release units of Yoma Strategic Holdings Ltd’s new residences at its flagship Star City project were reserved during the initial 24 hours of sales, the Singapore-based, Myanmar-focused conglomerate said. Yoma claimed it experienced “strong” sales at Galaxy Towers as it opened sales in mid-February and that “dozens of apartments […]

Yoma Unveils Third Phase of Star City Development

Yoma Strategic Holdings Ltd has unveiled new residence towers in its flagship development project located in Thanlyin township in the outskirts of Yangon. Sales for the “Galaxy Towers”, the third phase of the Star City estate, launched on February 14 following the sales of the project’s Zone A and B units. The Singapore-listed conglomerate said […]