‘Mini Grids’ Coming to Light Up Rural Myanmar

YANGON — With the nationwide power supply network far from reaching small localities across Myanmar, projects to set up “mini grids” for villages are gaining traction. The unplugged areas Many parts of Myanmar are still not connected to power grids. One example is a village located an hour and half by car from Mandalay — the […]

Yoma Strategic Posts 54% Jump in Q1 Profit

SINGAPORE – Yoma Strategic Holdings said on Wednesday (July 26) that net profit for the first quarter jumped 54 per cent to S$2.8 milion from S$1.8 million in the year-ago period. Revenue for the three months to end-June grew 46.8 per cent year-on-year to S$25.8 million as the Myanmar-focused group saw better operational performance across […]

Collier Property Report – Yangon Gated Residential July 2017

Author: Joshua DeLasAlas Households in search of more breathable space There remains a limited number of gated residential communities in Yangon, the majority of which are geared towards the high-end and luxury segments. While some local developers are starting to introduce mid-tier and affordable products, the quality and offerings are considered subpar. In view of […]

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 […]

KFC Seeks Second Serving in Myanmar With Mandalay Expansion

YANGON — U.S. chicken chain KFC will bring its sizzle to a second city in Myanmar, adding Mandalay to its 12 locations here as fast-food culture spreads, especially among the nation’s young people. KFC, operated in Myanmar by the conglomerate Yoma Strategic Holdings, will launch the Mandalay outpost in June or July. That location is […]

Peninsula chain adds carefully chosen links in Myanmar, elsewhere

As it expands into Myanmar and Turkey, the operator of the Peninsula hotel chain is sticking with its signature formula of opening in the best of the best locations. The Peninsula Yangon will form a key part of a broader redevelopment project around the historic Yangon Central Railway Station. The headquarters of the old Burma […]

Metro Group and Yoma Strategic Holdings sign joint venture agreement for wholesale distribution in Myanmar

Metro Group Wholesale & Food Specialist Company announces its joint venture partnership with the Singapore-listed Myanmar-focused Yoma Strategic Holdings Ltd. to develop a one stop food distribution platform in Myanmar. According to the agreement, METRO will take an 85% stake in the newly established joint venture called METRO Wholesale Myanmar Ltd., with the remaining 15% […]

Listing Brings Few Benefits for Construction Sector for now

​​ There is only one listed construction-related firm on the Yangon Stock Exchange (YSX) at the moment. Joining the YSX will not boost the construction companies to raise capital for real estate projects in the short term. KBZ Bank deputy managing director U Bo Bo Wai Maung said that local construction companies should consider joining […]