New Myanmar Subsidiary For Yoma

BRIEF: Yoma Strategic has formed a new Myanmar b– Pun Hlaing Lodge Hotel Management – to build a five-star hotel on the Pun Hlaing Estate. The new entity has US$75,000 in paid-up capital, consisting of 75,000 shares held entirely by Yoma Strategic, with approval from the Myanmar Investment Commission. Pun Hlaing Estate is a 652-acre luxury development that includes a […]

MIC approves new projects worth $100 million

The Myanmar Investment Commission (MIC) has approved nine new projects in its fourth round of licensing since the new government took power. In the meeting, held last week, the commission approved four foreign investments worth US$62 million and five local investments worth more than K32 billion, according to Directorate of Investment and Company Administration (DICA) […]