Myanmar property group sees its future in consumer sector

In the heart of Yangon, the commercial capital of Myanmar, the former headquarters of Myanmar Railways is surrounded by white steel frames. The historic redbrick building, more than a century old, is being restored and will be the future site of the Peninsula Yangon, a luxury hotel set to open in 2021. The grand structure […]

Yoma Land rebrands housing projects to push sales

Yoma Land last week held an event to promote and sell units at three of its projects: StarCity, Galaxy Towers and Lotus Hill in Pun Hlaing Estate. The projects were branded as special lifestyle residential homes equipped with spacious landed compounds, full services and facilities. This attracted the interest of local and foreign buyers, said […]

Yangon stock exchange seeks foreign investor interest

THE Yangon Stock Exchange (YSX) recently had a few champagne moments with the first “real” initial public offering by a Myanmar telecom company. And even while the bubbly was still fizzing another company was eyeing a listing. And, the moment foreign investors had been waiting for is almost here. For a start, foreigners residing in […]

Myanmar throws weight behind Hong Kong as BRI “superconnector”

Myanmar recognises Hong Kong’s “distinctive role” as the Belt and Road Initiative’s “super connector”, a cabinet minister said last week during an official visit to the city, while businesses urged Nay Pyi Taw to take a more proactive approach in the scheme. Newly appointed chair of the Myanmar Investment Commission (MIC) U Thaung Tun, who […]

Retail interest in Myanmar robust, but investment avenues lacking

When RHB, a Singapore brokerage, first selected Singapore Exchange-listed Yoma Strategic Holdings as one of its top five stock picks for retail clients on May 2, shares of the company soared 15 percent, hitting a 4-month high of 48 cents on May 9 as investors hurried to get onboard. “Yoma Strategic offers a pure play […]

Myanmar’s Yoma to debut in baht

SINGAPORE, May 14 (IFR) – Yoma Strategic Holdings is poised to become the first company from Myanmar to sell bonds with a baht-denominated offering that underlines Thailand’s appeal as a regional funding hub. “Yoma will be the first Myanmar entity to tap the Thai bond market, and they will come before the sovereign, which is […]

Confident of long term growth, Serge Pun bets big on tourism, property

Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]

Collier Property Report – Yangon Office Q1 2018

Rate Corrections Continue Despite Lack of New Supply Headline lease rates corrected further downwards during Q1 2018 despite the lack of new supply. Occupancy rates, however, improved, particularly in developments which underwent significant price reductions previously. As more international standard office buildings become available Colliers expects rental rates to continue to correct albeit at more […]

Yoma to upgrade taxis, offer vehicle financing for Grab drivers in Myanmar

YOMA Strategic Holdings has signed an agreement with ride-hailing service Grab, which will see the mainboard-listed company upgrading the fleet of taxis in Myanmar, and providing vehicle financing for Grab’s drivers in the country. The partnership with Yoma will support Grab’s recently launched services, GrabTaxi Plus and Grab for Business services, as GrabTaxi drivers use […]

Yoma to take 34% stake in mobile payment provider Wave Money in new financial services move

SINGAPORE – Yoma Strategic Holdings on Tuesday announced plans to acquire a 34 per cent stake in Digital Money Myanmar Co, Ltd (Wave Money) from First Myanmar Investment Company Limited (FMI) for US$19.4 million. The mainboard-listed company said the acquisition will spearhead its expansion into the financial services sector that will target the underserved markets […]