Defunct airlines face lawsuit despite industry upturn
The government may sue two defunct airlines if they fail to pay their debts by May. Air Mandalay and Asian Wings Airways owe the government a combined MMK 93.72 million, or USD 64,400, deputy minister of Transport and Communications U Kyaw Myo told pYSH to increase stake in Digital Money Myanmar (Wave Money)
Singapore Stock Exchange-listed Yoma Strategic Holdings (YSH) has agreed to buy an additional 10% in Digital Money Myanmar (Wave Money) from Yangon-listed First Myanmar Investment (FMI) for USD 6 million. Wave Money is the largest mobile payment serv
Filipino giant to partner with Myanmar tycoon
A major Filipino corporation will invest USD 238 million into two companies owned by Serge Pun, one of Myanmar’s tycoons. The investment will bring the combined value of those companies to more than USD 1 billion, according to the Financial Tim
FMI to sell stake in airline to SPA Aviation
First Myanmar Investment (FMI) has sold its 10 percent stake in FMI Air Limited to SPA Aviation Holdings for MMK 7.9 billion. According to an article in Dealstreet Asia, the move comes about 10 months after the airline halted its domestic operations.
First solar-powered yacht launched in Myeik
Luxury cruise company Burma Boating has announced that the first solar-operated yacht in Asia will begin sailing later this month in the Myeik Archipelago. Burma Boating, which is part of the Singapore-listed Memories Group, said that the new boat is
