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Home  >>   Daily News  >>   Myanmar News  >> Investment  >> SGX-listed Yoma's consortium succeeds in tender for management of Myanmar's Mandalay Airport
NEWS UPDATES Asean Affairs   14 August 2013  

SGX-listed Yoma's consortium succeeds in tender for management of Myanmar's Mandalay Airport

Yoma Strategic Holdings, a Myanmar focused, Singapore-listed company primarily involved in real estate, said on Monday that a consortium it formed with two Japanese companies, Mitsubishi Corporation and JALUX Inc., has been selected by the authority of Myanmar as the successful tenderer to "upgrade and operate" the Mandalay International Airport.

The consortium is also invited to negotiate the contract with the Myanmar airport authorities. "Upon negotiation, finalization and agreement on the terms of the final contract, the consortium will be awarded the tender," the Yoma said in a statement.

The Yoma, through its wholly-owned subsidiary, SPA Project Management Ltd. incorporated in Myanmar, will hold 5 percent stake in the joint venture company. The initial equity contribution by all the parties will be around 3.38 million U.S. dollars, it added.

The joint venture will design, construct, operate and maintain the facilities of the Mandalay International Airport, as well as some other businesses.


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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