Kirin expands market share with Mandalay Brewery JV

Kirin Holdings has officially taken a stake in Mandalay Brewery, the brewer of Mandalay Lager Beer, Mandalay Strong Beer and Mandalay Spirulina Beer. Japanese brewer Kirin Holdings and military-linked Myanmar Economic Holdings Limited (MEHL) signed an agreement on the joint venture in Yangon on Monday. The JV received approval from the Myanmar Investment Commission in […]

Carlsberg Builds a Beer Empire in Myanmar

Carlsberg Group, the Denmark brewer of Carlsberg beer, is expanding fast in Myanmar. Last month, the brewer opened its 1000th draught outlet in the country, four years after it first inked a joint venture with Myanmar Golden Star (MGS) to form Myanmar Carlsberg Co, and two years after it opened a $100 million brewery in […]

Bouygues, Kajima, Taisei win $1.1bn of Work in Myanmar as Rohingya Crisis Continues

While international attention is focussed on the plight of more than 800,000 Rohingya Muslims forced from their homes in Myanmar’s Northern Rakhine state and sheltering in refugee camps in Bangladesh, the increase in foreign investment into Myanmar continues, leading to a rush to build modern office complexes in Yangon, the country’s commercial capital. Today it […]

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 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 […]

Ex-banker builds on father’s property business

Yoma’s new CEO eyes diversified plate of projects in Myanmar Taking over the reins of his father’s business was not a move Mr Melvyn Pun had envisioned. “It was totally unexpected,” says Mr Pun, 37, now chief executive at Singapore-listed property and construction group Yoma Strategic Holdings. The former Goldman Sachs investment banker was appointed […]

Yoma hails Landmark breakthrough

A senior Yoma Strategic Holdings official has hailed as “hugely significant” a recent agreement signed with the Ministry of Rail Transport that paves the way for work to start on a US$400 million-plus development project in downtown Yangon. The company announced yesterday that it signed a framework agreement on December 31 with the ministry regarding […]

IFC signs second convertible loan with local bank

The World Bank’s International Finance Corporation (IFC) will issue a US$7 million convertible loan to Myanmar Oriental Bank (MOB), to help finance small and medium enterprises (SMEs). This is the second such loan issued by the IFC in Myanmar – last September it signed with Yoma Bank for a $5 million convertible loan, also to […]

Yoma Strategic chief executive talks leadership transition

Yoma Strategic Holdings chief executive Andrew Rickards is stepping down next month after a nearly four-year term, though remains bullish on Myanmar’s long term prospects.  As the best-known Myanmar-focused company listed on a foreign exchange, Yoma Strategic has attracted business and investors eager to participate in what’s sometimes touted as the last frontier economy. Yoma […]

Yoma Strategic appoints new CEO in July

Mr Melvyn Pun will be taking over from Mr Andrew Rickards, who will step down as CEO and Executive Director at the company’s Annual General Meeting on Jul 27. SINGAPORE: SGX Mainboard-listed firm Yoma Strategic has announced a management change with Mr Melvyn Pun taking over as its Chief Executive Officer from end July. Mr […]