• Burmese
Tuesday, June 24, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
23 °c
Ashburn
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

ADB to Loan Burmese Conglomerate Yoma $100Mn for Connectivity Projects

Kyaw Hsu Mon by Kyaw Hsu Mon
December 16, 2014
in Uncategorized
Reading Time: 2 mins read
0 0
A A
ADB to Loan Burmese Conglomerate Yoma $100Mn for Connectivity Projects

Christopher Thieme

17k
VIEWS
Share on FacebookShare on Twitter

RANGOON — The Asian Development Bank will provide a loan of up to US$100 million to local conglomerate Yoma Strategic Holdings to improve infrastructure connectivity in Burma, according to Christopher Thieme, director of ADB’s private sector operations department.

As the regional lender’s first engagement with a local business group, the loan will be dispersed in two tranches, with the first used to build telecommunication towers, develop cold storage logistics and modernize vehicle fleet leasing. The second tranche will fund subprojects in transportation, distribution, logistics and other sectors.

“Investment in connectivity infrastructure is a key factor in creating better access to economic opportunities, reducing costs, promoting trade, and attracting private investment into diverse geographic areas and sectors,” said Thieme, at a loan signing ceremony in Rangoon on Tuesday.

RelatedPosts

China’s Bet on Myanmar Junta Risks Backfiring

China’s Bet on Myanmar Junta Risks Backfiring

June 17, 2025
1.9k
Paranoid Junta Turns to Foreign Expertise After 4 Years of Chaos; and More

Paranoid Junta Turns to Foreign Expertise After 4 Years of Chaos; and More

May 10, 2025
1.6k
Naypyitaw Parliament Crumbles as Myanmar Junta’s Grand Ambitions Collapse 

Naypyitaw Parliament Crumbles as Myanmar Junta’s Grand Ambitions Collapse 

April 24, 2025
1.4k

“It is a privilege to be chosen by ADB as a partner to work on improving Myanmar’s infrastructure,” Serge Pun, executive chairman of Yoma, said at the ceremony.

“ADB’s loan will help support our goal of improving the country’s connectivity, which in turn will strengthen local markets, boost productivity, and create jobs,” he added.

The terms of the loan were not disclosed. Pun said the loan would be used to help fund ongoing projects.

“For example, building towers: We have agreed to build 1,280 towers around the country. About 800 towers are already built, so these loans will be used for ongoing projects,” Pun said.

An ADB statement said the projects would support sustainable economic growth in Burma, a global laggard in terms of connectivity metrics such as mobile penetration and road density,

The loan would help offset the fact that “private sector financing for much-needed infrastructure projects to boost connectivity remains a challenge due to an underdeveloped banking sector and capital market, and a lack of alternative funding sources,” the ADB said.

Yoma has property, agriculture, tourism, automotive, and retail businesses in Burma. Its market capitalization was $692 million, as of Dec. 2, 2014.

The ADB loan is not the first time the company has benefited from the support of an international lender: In May, the World Bank’s International Finance Corporation (IFC) gave a $30 million loan to a Yoma small and medium enterprises (SME) lending program.

Your Thoughts …
Tags: DevelopmentInvestment
Kyaw Hsu Mon

Kyaw Hsu Mon

The Irrawaddy

Similar Picks:

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption
Burma

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

by The Irrawaddy
September 14, 2023
28.7k

The arrest of ‘kickback king’ Lt-Gen Moe Myint Tun, once seen as a possible successor to Min Aung Hlaing, comes...

Read moreDetails
Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes
Business

Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes

by The Irrawaddy
June 4, 2024
27.7k

Monday’s arrests follow reports that Myanmar has become one of Thailand’s most lucrative markets for selling condos since the 2021...

Read moreDetails
Planeload of Cronies Accompany Myanmar Junta Boss on Russia Trip
Business

Planeload of Cronies Accompany Myanmar Junta Boss on Russia Trip

by Hein Htoo Zan
March 7, 2025
10.8k

Regime-linked businessmen are set to cash in on deals flowing from the 10 agreements signed between Russia and the Myanmar...

Read moreDetails
Myanmar’s Youth Flee—and They Aren’t Looking Back
Commentary

Myanmar’s Youth Flee—and They Aren’t Looking Back

by Aung Zaw
February 23, 2024
8.4k

In Thailand and farther afield, they join the wealthy and the educated who have already put down roots and invested...

Read moreDetails
Tracking the Business Empire of Myanmar Regime Stalwart Moe Aung and His Siblings
Investigation

Tracking the Business Empire of Myanmar Regime Stalwart Moe Aung and His Siblings

by Aung Thit
September 4, 2023
7.1k

In the second of a two-part series, The Irrawaddy’s Investigation Desk examines more of the vast business interests of the children of...

Read moreDetails
With Proposed Security Gambit, Beijing Decides ‘Enough Is Enough’ in Myanmar
Analysis

With Proposed Security Gambit, Beijing Decides ‘Enough Is Enough’ in Myanmar

by The Irrawaddy
November 21, 2024
5k

China’s establishment of a joint venture security company with the junta to safeguard BRI projects in Myanmar shows it no...

Read moreDetails
Load More
Next Post
Public Mostly Hopeful About Burma’s Development

Public Mostly Hopeful About Burma’s Development, Elections: Survey

Presidential ‘Press Corps’ to Improve Media Access

Presidential ‘Press Corps’ to Improve Media Access

No Result
View All Result

Recommended

China is Systematically Dismantling Tibetan Monastic Traditions

China is Systematically Dismantling Tibetan Monastic Traditions

1 week ago
1.9k
The Lady Myanmar’s Generals Can’t Defeat

The Lady Myanmar’s Generals Can’t Defeat

5 days ago
836

Most Read

  • Myanmar Junta Scrambles for Chinese Energy Investment as Lights Go Out

    Myanmar Junta Scrambles for Chinese Energy Investment as Lights Go Out

    shares
    Share 0 Tweet 0
  • New Law on Civil Servants by Myanmar’s Parallel Gov’t Troubles Observers

    shares
    Share 0 Tweet 0
  • Myanmar Junta Moves to Seize Sagaing Roads

    shares
    Share 0 Tweet 0
  • Myanmar Junta Changes Election Law Ahead of Polls

    shares
    Share 0 Tweet 0
  • Certifying a Chinese Security Invasion; Boosting Ties With Nuclear North Korea; and More

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.