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Myanmar
ETC Singapore to ally with Yoma Bank in Myanmar Golden City project
SINGAPORE (Oct 2): Emerging Towns & Cities Singapore (ETC Singapore) has entered into a strategic partnership with Yoma Bank to provide affordable financing to Myanmar citizens for its flagship Golden City project in Yangon, Myanmar
October 02, 2017
Commodities
Interra Resources commences drilling at Chauk development well
SINGAPORE (Aug 29): Interra Resources says its jointly-controlled entity, Goldpetrol Joint Operating Company, has commenced drilling for development well CHK 1203 at its oil field in Chauk, Myanmar.
August 29, 2017
Tech
Grab to invest US$100 mil in Myanmar as smartphone use surges
SINGAPORE (Aug 25): Grab, Southeast Asia's biggest ride-hailing app, plans to invest US$100 million ($136.1 million) in Myanmar as it extends its battle with Uber Technologies to capture exploding use of smartphones.
August 25, 2017
Broker's Calls
Could Yoma be on the cusp of re-rating with potential spinoff?
SINGAPORE (Aug 21): OCBC Investment Research is maintaining its “hold” call on Yoma Strategic Holdings with an unchanged fair value estimate of 58 cents, following news of a slight adjustment to Yoma’s shareholdings in SHC Capital Asia post its prop
August 21, 2017
Myanmar's tourism destination dreams fade amid empty hotels
(June 19): With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits h
June 19, 2017
Broker's Calls
Why RHB likes Emerging Towns & Cities
SINGAPORE (June 13): RHB likes Emerging Towns & Cities Singapore (ETC), a niche developer currently focusing on development projects in Myanmar and China.
June 13, 2017
SC Auto sets up $30 mil overseas facility in Myanmar with IE Singapore support
SINGAPORE (June 12): SC Auto, Singapore’s largest bus manufacturer, announced today it will be setting up its first overseas facility in Yangon, Myanmar, worth $30 million.
June 12, 2017
ETC’s corporate turnaround strategy bearing fruit in Yangon
SINGAPORE (March 30): OCBC expects additional acquisitions from Emerging Towns & Cities (ETC) within the next year as the group continues to prospect for quality assets in countries including other parts of Asean.
March 30, 2017
Broker's Calls
Despite mixed bag of 3Q results, this stock offers the best proxy to invest in Myanmar
SINGAPORE (March 28): RHB Research is maintaining its positive view on Yoma Strategic as “the best proxy to invest in Myanmar” and continues to rate the counter at “buy” with a target price of 78 cents, despite the group posting a 98.7% decline
March 28, 2017
Global Economy
The strange case of Korea and Taiwan's diverging export fortunes
SYDNEY (March 28): South Korean workers' wages are rising faster than those of regional rivals, and the power of the nation's sprawling conglomerates, or chaebols, remains unchecked, highlighting a lack of serious economic reform. Yet manufacturi
March 28, 2017