In the heart of Yangon, the commercial capital of Myanmar, the former headquarters of Myanmar Railways is surrounded by white steel frames. The historic redbrick building, more than a century old, is being restored and will be the future site of the Peninsula Yangon, a luxury hotel set to open in 2021. The grand structure […]
Myanmar races to feed a growing Yangon
July 20, 2018 by
YANGON/BANGKOK — Rapid urbanization in and around Myanmar’s southern city of Yangon has turned up the pressure to develop goods and services that can meet the rising demand. The gap has provided an opening for companies in one of Southeast Asia’s least-developed countries. Local real estate and construction conglomerate Dagon International set up a modern […]
Yoma Strategic unveils new plans, new name
July 6, 2018 by
The family-run holdings company behind Yangon luxury developments Pun Hlaing Estate, StarCity and Yoma Central announced on June 26 that the real estate portion of their business dealings will be rebranded under the name Yoma Land and that they will also be delving into “mass market product offerings.” While Yoma Land Managing Director Cyrus Pun […]
International partnerships drive transparency among Myanmar companies
March 30, 2018 by
Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]
Bracing for competition
October 10, 2017 by
IF your father were a tycoon and founder of numerous thriving businesses, it would seem a no-brainer to join him at the helm. But that prospect was not a straightforward decision for Melvyn Pun, son of Serge Pun and chief executive of Yoma Strategic Holdings. With his stellar career of 12 years at Goldman Sachs […]
Myanmar execs seek help in fostering human resources
September 13, 2017 by
TOKYO — Even as more Japanese companies are eyeing the growing business opportunities in Myanmar, the young country and its more than 50 million people are in need of help in developing human resources in addition to infrastructure, a fact emphasized by several prominent businessmen from the country, speaking at a seminar on Monday in […]
Sumitomo begins direct imports of Hino vehicles to Myanmar
July 11, 2017 by
YANGON — Japanese trading company Sumitomo Corp. is now bringing commercial vehicles made by Hino Motors into Myanmar, aiming to capitalize on growing demand for dump trucks and other products for infrastructure construction. Summit SPA Motors, a joint venture with the Serge Pun & Associates conglomerate, signed a deal with Hino in March to serve […]
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 […]
Yoma Strategic chief executive talks leadership transition
June 4, 2015 by
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 […]
Pun Hlaing Hospital gets injection of capital and ideas
April 27, 2015 by
IT has been open for more than nine years, but Pun Hlaing Hospital is yet to turn a profit for First Myanmar Investment’s shareholders The company’s management is betting, however, that an injection of US$10 million and a new philosophy on healthcare provision will bring the hospital a new – and profitable – lease on […]
