Yoma Strategic Bullish on Myanmar Prospects

Yoma Strategic chief executive Melvyn Pun is confident about the firm’s future despite a sharp drop in its stock price earlier this month. Yoma released stellar second-quarter results on Nov 8 but its shares fell from 59 cents to 51 cents – a drop of more than 13 per cent – between Nov 11 and […]

KFC Myanmar Ponders Mountainous Shan State as it Considers a Future Beyond Major Cities

US fast food giant KFC will open its first store in outside of Yangon next year with a new outlet in Mandalay. But the company is already looking further afield in its bid to tap increasing demand for consumer goods following decades of isolation and economic stagnation. The fried chicken giant’s plans for Myanmar’s second […]

KFC to open in Mandalay

Kentucky Fried Chicken’s expansionist designs on Myanmar will forge ahead in 2017, with branches set to open in Mandalay, Yangon and two yet-to-be-announced locations. KFC Myanmar administration director JR Ching told The Myanmar Times that since the first KFC in Yangon opened in July 2015, there are now seven branches in the city. Three more are slated to open […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

Axiata Unit to Raise Stake in Myanmar Tower Operations

KUALA LUMPUR (NewsRise) – Axiata Group, Malaysia’s biggest telecom operator by revenue, said its infrastructure unit is buying an additional 12.5% stake in a telecom tower company in Myanmar for $35 million. The deal, which involves purchase of 250,000 shares under a put and call option agreement with YSH Finance, will raise edotco Group’s stake in […]

Yoma Strategic to Spin off Myanmar Tourism Businesses in Reverse Takeover of SHC Capital Asia

SINGAPORE – Yoma Strategic Holdings announced on Monday (Oct 24) that it will be spinning off its tourism-related business as part of a reverse takeover (RTO) of Catalist-listed SHC Capital Asia Ltd. Yoma on Sept 2 announced its intention to partner with other players to establish a new tourism platform engaged in various tourism-related businesses […]

A Land Eager to Look Rich: Luxury Brands Edge Into Myanmar

YANGON, Myanmar — “Every man has a crazy hobby,” said U Thiri Thein Than, an automotive engineer from Yangon who also has a home in Tokyo. “For me, it’s cars and watches.” For years Mr. Thiri Thein Than, 40, has done his higher-end shopping overseas. But in March, he visited a boutique that the Swiss […]

Myanmar’s best-known business house is joining up with multinationals

THE maroon hot-air balloons which carry tourists over Bagan—an ancient city teeming with crumbling red-brick temples—are famous in Myanmar. The fleet belongs to one of the country’s best-known tycoons. Since the pariah nation began to open up in 2011, Serge Pun has gradually transformed an empire built on property into a conglomerate with interests in […]

Yoma Strategic mulls mergers for new tourism firm with an eye on the SGX

Yoma Strategic Holdings is restructuring its tourism assets and plans to create a new Myanmar tourism-focused firm that will merge with other players in the sector and potentially list on the Singapore exchange, Yoma’s chief executive told The Myanmar Times. The company announced on September 2 that it had bought the remaining 25 percent it did […]

Yoma revs up property development drive in Myanmar

YANGON — Singapore-listed Yoma Strategic Holdings is accelerating its real estate development drive in Myanmar to meet growing local demand for residential units, offices and commercial facilities. Yoma’s move comes as Myanmar has emerged from decades of international isolation and now enjoys high economic growth, making the Southeast Asian country an increasingly promising property market. Yoma […]