BUSNIESS - Singaporean company receives US$100 million for Burmese investments

Singapore-listed company Yoma Strategic Holdings have secured a loan from the Asia Development Bank (ADB) for over US$100 million to aid investments in Burma. According to the ADB, the loan is designed to build infrastructure for enhanced connectivity, such as constructing telecommunication towers, and developing transportation links. Burma remains one of the least connected countries in the world in these sectors, according to Yoma’s press release. Yoma also has stakes in property, agriculture, tourism, and the automotive and retail industries in Burma.

SOURCE: Channel News Asia