Global New Light Of Myanmar

Asian Development Bank grants to provide US$100 million loan to Yoma Strategic Holdings in two phases


Yoma Strategic Holdings signed a loan agreement worth US$100 million with Asian Development Bank (ADB) on Tuesday at Sule Shangri-La Hotel in Yangon.
According to the agreement, ADB will provide US$50 million loans for the first phase in order to develop communication towers, cold storage-related transportation services and various kinds of cars rental services.
Yoma Strategic Holdings said that the company will invest in the sectors of transport and commodity distribution, and other projects through the ADB’s second phase loan.

Khin Cho Win/ Photo: Zaw Min Latt

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