Yoma Strategic’s losses widen
The annual losses of Yoma Strategic Holdings, a Singapore-listed company, continue to widen. The company reported a USD 60.5 million net loss for the 2019-2020 year, up from USD 36.9 million lost in the previous fiscal year. By September 30th, Yoma S
Singaporean and Norwegian firms latest to invest in Myanmar banking
Singaporean sovereign wealth firm GIC Pte and Norwegian firm Norfund AS will invest in Yoma Bank, becoming the latest to take advantage of new finance rules that allow foreign firms to buy stakes in Myanmar financial institutions. GIC will buy 20 perYSH 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
