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
Yoma to buy majority share of Wave Money
Yoma Strategic Holdings will purchase a controlling share of Digital Payment Myanmar, operator of e-wallet platform Wave Money. Yoma will buy the stake currently held by Norwegian telecom Telenor for USD 76.5 million. After some financial reshuffling
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 per
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
French alcohol giant takes stake in Myanmar whisky
French alcohol giant Pernod Ricard has taken a 34 percent stake in local whisky joint-venture Seagram MM Holdings. According to the article in Dealstreet Asia, the company is a JV that includes Singapore-listed Yoma Strategic Holdings, U Htun Win and
