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First Myanmar Investment Announces Expansion After Record Profits

Serge Pun, chairman of First Myanmar Investment Company, speaking at the company’s 22nd annual general meeting on Sunday. (Photo: Hein Htet / The Irrawaddy)

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.

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Thai cement giant starts work on Mon State plant

The reclining Buddha statue near Mawlamyine in Mon State is due for a touch-up. Photo: Yu YuThailand's largest cement producer has begun work on its first factory in Myanmar, aiming to open doors on the facility as soon as the second quarter 2016.

Siam Cement Group has been exporting to Myanmar for over two decades, but the August 2013 announcement to build a plant in Mawlamyine, Mon State marks the first time it has planned a factory in the country.

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KBank-Khao Kla support K-SME Venture Capital to invest in two high-potential SMEs

In collaboration with KASIKORNBANK and Khao Kla Venture Capital Management Co., Ltd. (Khao Kla), K-SME Venture Capital Co, Ltd. is investing in two SMEs with high growth potential - Tee Entertainment Co., Ltd. and Zinco Living Co., Ltd. - with a combined investment of 49 million Baht.

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KBank vows to become the leading “AEC+3 Bank” with 2015 lending growth of 8-9%

KASIKORNBANK announced its 2015 plan to maintain the Bank’s position as the top player in digital financial services and transaction banking, while becoming the “AEC+3 Bank” with a service network across the region to support cross-border investments between Thailand and other regional countries.

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Magnolias Ratchadamri Boulevardscoops top honours in SE Asia Property Awards

Bangkok’s premier luxury condominium on wave of success amid strong international buyer

interest

Magnolias Ratchadamri Boulevard led by Thanawan Chaiwatana (right), Managing Director of Magnolias

Finest Corporation Limited, and Surawat Hant (left), AIA LEED AP, Magnolia Finest Corporation Limited

Design Director received two awards ; Winner of Best Residential Architectural Design in the Design

Awards category, and was also highly commended for Best Residential Interior Design in the same

category. The event was organized by Ensign Media and held at the Shangri la Hotel, Singapore recently.

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