Yoma Fleet, a branch of Yoma Strategic Holdings, has entered into an exclusive partnership agreement with Myan Shwe Pyi Tractors Limited (MSP CAT), the authorized dealer for Caterpillar branded heavy equipment in Myanmar, according to an article in Mizzima. The report said that Yoma Fleet will initially finance MSP CAT’s existing rental portfolio of 71 pieces of heavy equipment, 63 of which are Caterpillar machines, at a cost of about US$7 million. “At a time when we are anticipating a huge pick-up in infrastructure build-out as well as a resurgent mining sector, we expect this partnership to provide scalable financial returns for our Yoma Financial Services division in the years to come,” Yoma Strategic CEO Mr Melvyn Pun was quoted as saying. The move comes at a time that the government says it is planning to move ahead with significant infrastructure development projects across the country. Plans include power stations, ports, industrial zones as well as upgrades to existing transportation networks, including roads and railways.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- UN chief, pope call for nations to end the use of antipersonnel land minesSource: Voice of America East AsiaNovember 25, 20243 hours ago
- Foreigners flee Myanmar scam gang into Thailand’s Mae SotSource: Bangkok Post Recent StoriesNovember 25, 20244 hours ago
- 29 illegal migrants found crammed inside pickup boxSource: Bangkok Post Recent StoriesNovember 23, 20242 days ago
- UN expert: Myanmar’s military ramps up attacks including beheadings, rapes and tortureSource: Voice of America East AsiaNovember 23, 20242 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss