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 […]
Myanmar’s Mr Clean says he takes ‘red tape road’ to profit
May 5, 2016 by
Scaffolding around the 139-year old Burma Railway Headquarters, a red-brick colonial relic at the center of a half billion dollar property development in central Yangon, hasn’t seen much action since the project was announced four years ago. Serge Pun, the 63-year-old project developer and one of Myanmar’s richest men, says his Landmark development – which […]
Yoma’s Pun Seeks New Myanmar Stock Exchange’s First Listing
December 7, 2015 by
First Myanmar Investment Co., a conglomerate controlled by businessman Serge Pun, is aiming to be the first publicly traded company on the Myanmar stock exchange. Pun, who is also chairman of Singapore-listed developer Yoma Strategic Holdings Ltd., said in an interview that First Myanmar doesn’t plan to sell any new shares. The company, which has […]
Financial intelligence for Asia’s healthcare markets
August 11, 2015 by
“Myanmar’s healthcare infrastructure remains underdeveloped,” writes Ang Wei Zheng, pharmaceuticals & healthcare analyst for BMI Research in Singapore in a new research paper that looks at opportunities for private healthcare providers in the country. Although many healthcare companies, like Malaysia’s IHH Healthcare, have shown interest, to date only three companies have made the leap. First […]
Lippo Group Inaugurates First Myanmar Hospital, Plans $1b Investment
June 10, 2015 by
Yangon. Lippo Group, one of Indonesia’s largest conglomerates, launched on Saturday its first hospital in Myanmar, as part of the group’s plan to spend $1 billion to build 20 hospitals in the country over the next three to five years. The Mekong-river country serves as Lippo’s stepping stone in its expansion in the Southeast Asia […]
FMI’s hospital joint venture gets MIC nod
May 13, 2015 by
First Myanmar Investment (FMI) and Lippo Group’s health care joint venture has been approved by the Myanmar Investment Commission, according to a press release. Serge Pun-chaired FMI will own 60 percent of the joint venture, with Indonesia-based Lippo Group, the controlling shareholder of Indonesia’s Siloam International hospitals, owning the remaining 40pc stake. “This represents a […]
Indonesia’s Lippo Group looking to invest in Myanmar, Cambodia
April 30, 2015 by
Indonesian conglomerate Lippo Group is studying a plan to invest between $600 million and $1 billion in the hospitality, healthcare and education sectors in Myanmar and Cambodia, the Investor Daily reported, quoting Chief Executive James Riady. Lippo’s hospital operator unit, PT Siloam International Hospitals Tbk, plans to open 12 hospitals in Myanmar and has gained […]
Indonesia’s Lippo to Open 12 Hospitals in Myanmar
April 29, 2015 by
TEMPO.CO, Jakarta – Lippo Group plans to open 12 hospitals in Myanmar with a total investment between US$400 million and US$500 million, Lippo Group deputy chairman James Riady said on Monday, April 20, 2015, on the sideline of the World Economic Forum event at the Shangri-La Hotel, Jakarta. According to James, the 12 hospitals will […]
Myanmar executive looks to Indonesia as guide in development
October 28, 2014 by
Jakarta. (Jakarta Globe) – Myanmar could look to Indonesia, which emerged as a democratic country after 32 years of authoritarian rule under Suharto, as a guide in building the nation politically and economically after a half century of military control, according to an executive of a large conglomerate in Myanmar. “Our new government is very […]
