• Burmese
Friday, July 11, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
26 °c
Yangon
  • 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

First Myanmar Investment Announces Expansion After Record Profits

Kyaw Hsu Mon by Kyaw Hsu Mon
November 24, 2014
in Uncategorized
Reading Time: 2 mins read
0 0
A A
First Myanmar Investment Announces Expansion After Record Profits

Serge Pun

17.8k
VIEWS
Share on FacebookShare on Twitter

RANGOON — First Myanmar Investment Company (FMI) has announced plans for expansion in four sectors of Burma’s economy before the end of the current fiscal year, on the back of the conglomerate’s highest ever profit results.

Chairman Serge Pun told investors at FMI’s 22nd annual general meeting that the company would be expanding its operations in four of its existing business areas, including real estate, healthcare, aviation and banking.

“Among these four sectors, real estate is generating the most profit for us,” Serge Pun told the meeting. “I believe that the real estate business is the best potential sector in Myanmar [Burma] for future investment, as tourism and foreign investment expands.”

RelatedPosts

Myanmar Junta Courts Russian Investment to Build SE Asia Trade Hub

Myanmar Junta Courts Russian Investment to Build SE Asia Trade Hub

June 25, 2025
2.4k
China’s Bet on Myanmar Junta Risks Backfiring

China’s Bet on Myanmar Junta Risks Backfiring

June 17, 2025
2.2k
Social Media and Street Protests: Myanmar’s Pushback Against Chinese Influence

Social Media and Street Protests: Myanmar’s Pushback Against Chinese Influence

April 17, 2025
1.6k

FMI last year began construction on the Star City housing project in Rangoon’s Thanlyin Township, which is expected to provide an eventual 9000 apartments for 30,000 people. 300 apartments have been completed to date.

Next year, FMI will begin construction of Kris Plaza in Naypyidaw, a residential apartment project in conjunction with Krislite Company, as well as the City Gates project in the low-income township of Hlaing Tharyar on the western side of the Rangoon River.

Investors heard on Sunday were told that FMI expected to develop more housing projects over the next five years in collaboration with Yoma Strategic Holdings, the Singapore-listed investment company also chaired by Serge Pun.

The FMI plans to expand its healthcare investments in collaboration with the Indonesia-based Lippo Group, with plans to build and administer eight private hospitals across the country on the same model as Rangoon’s Pun Hlaing, in which FMI has a 35 percent stake.

FMI’s aviation division will begin a passenger flight service in early December with the recent acquisition of three Bombardier aircraft, building on its existing chartered flight service.

Yoma Bank, an FMI subsidiary, will provide full banking services in all 44 of its branches in Burma from the end of this year.

During the 2003 banking crisis, Yoma Bank’s depositor license was terminated after allegations the institution had lent well beyond its capital reserves prompted a bailout from the Central Bank of Myanmar. After regaining its license in 2012, Yoma has prepared its staff for the resumption of deposit-based services after operating solely as a money transfer service in the intervening period.

FMI’s net profit doubled in the last fiscal year to K3.02 billion (US$2.81 million), the best result ever recorded by the company. The company’s total capital rose to K27 billion (US$25.12 million) over the same period, with the FMI’s total assets currently valued at K73.4 billion (US$68.28 million).

In order to boost shareholder value, FMI announced on Sunday its intention to list on the Yangon Stock Exchange, with the assistance of the Myanmar Securities Exchange Centre and Japan’s Daiwa Securities Group.

“We expect that once the FMI has been listed in the Yangon Stock Exchange, net share value will definitely increase,” said Serge Pun.

Since its founding in 1992, FMI has developed extensive investments across the Burmese economy in financial services, real estate, transport and agriculture.

At one time a leading investor in automotive manufacturing and services, with stakes in the local operations of Mitsubishi, Volkswagen, Nissan and Suzuki at various times, FMI has in recent years begun to divest from this sector to devote more resources to its current core operations.

FMI holds a five percent interest in Myanmar Thilawa SEZ Holdings, part of the Burmese consortium holding a 51% stake in the Thilawa Special Economic Zone, currently under construction near the site of the Star City housing project.

Your Thoughts …
Tags: Investment
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
11.4k

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
In Kachin State

In Kachin State, a Place of Merriment Turns to Mourning

Press Council Seeks Clarity on Military Briefings

Press Council Seeks Clarity on Military Briefings

No Result
View All Result

Recommended

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

2 days ago
947
‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

2 days ago
940

Most Read

  • Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

    Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

    shares
    Share 0 Tweet 0
  • Myanmar Junta Deploying Conscripts in Major Push to Reclaim Lost Territory

    shares
    Share 0 Tweet 0
  • Junta Bombing of Resistance-Held Areas in Mandalay, Karenni Kills Seven Civilians

    shares
    Share 0 Tweet 0
  • Two Prominent Myanmar Ex-Political Prisoners Die Hours Apart in Yangon

    shares
    Share 0 Tweet 0
  • Chin Resistance Tensions Boil Over as CNA Seizes Rival’s Myanmar HQ

    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.