Yoma Central Newsletter

Updated: Jun 23, 2020

Dear friends, investors and partners,

In these difficult times, there is no doubt you are preoccupied and concerned about how the coronavirus outbreak is impacting the world, and Myanmar. We want to take this opportunity to stay connected with you, and to provide you with the latest information on proactive measures we have implemented to look after our staff and our workers.

In the safest possible way, our work continues. We have implemented a Crisis Response Plan to protect our employees and your investment, which you can find attached with the latest Yoma Central Project Status Report.

We are a part of Yoma Land, a subsidiary of Yoma Strategic Holdings. Our group’s philosophy is that we are in this together with our staff, investors and partners. We are committed to our communities and we are eager to support their needs wherever and however we can.

Our group has established a number of emergency benefits to support our workers through the crisis, including temporary accommodation, an online medical consultation program and a Yoma Connect App to provide COVID-19 information. Furthermore, we have paid all salaries in full, released early annual performance bonuses to all eligible employees, and established an emergency relief loan for them. Additionally, our HR team has designed an online learning portal to enhance the business and language skills of our staff.

Our sister companies have established food donation programs for medical professionals and public servants. Finally, together with Yoma Group’s subsidiaries, we have donated essential medical equipment, including ventilators, patient monitors, personal equipment sets and face masks to support the nation’s COVID-19 response.

Typically, April is a time of cheerfulness and optimism with the coming of Thingyan Festival, the Burmese New Year celebrations. Due to the pandemic, the government has cancelled all public gatherings and festivities, and many of us will be welcoming the New Year in different ways than before. I encourage everyone to join me in taking this time to appreciate what we have and to celebrate the kindness and generosity abundant in the community around us.

I believe that by working together, we can get through these challenging times with the strength of our communities and our resolve intact.

Please stay safe and stay connected. We remain, as ever, available to contact in case you have any questions or doubts. We are here to help.

Stephen Purvis

Head of Yoma Land