Chairman's Message

Serge Pun aka U Theim Wai

Welcome to our website and thank you for visiting. I hope that as you navigate through these pages, you will learn more about SPA Myanmar, our associates, affiliates, and partners.

After two decades as one of Myanmar’s leading business groups we find ourselves in remarkable times, as a great wave of economic, political and social change descends on our country.  As a diversified conglomerate, with operating companies in seven key sectors, we believe we are well placed for the future.

Twenty years in Myanmar
SPA Myanmar was founded in 1991, when a group of like-minded colleagues joined me to establish our first business venture. We shared a clear vision of what we wanted to achieve and had a bold plan of how to achieve it, and thus, Serge Pun & Associates (Myanmar) Ltd. was born. One year later we founded First Myanmar Investment Co., Ltd. (FMI), one of Myanmar’s earliest public companies, which has since become our flagship brand.

From these small beginnings, our Group has expanded over the years and, at the end of our second decade, we now operate a range of diverse businesses in seven key sectors – Financial Services, Real Estate, Services, Agriculture, Automobiles, Manufacturing & Trading and Retail.

Changing times

As the country moves forward towards a new era of political, social and economic development, the Group will strive to ride with the changing landscape and grow from strength to strength. We are at present focusing our resources on our core businesses while never losing sight of the many opportunities that a diversified business presents and strict adherence to our corporate governance, anti-corruption, environmental protection and corporate social responsibility principles. We are expanding our partnerships with international firms of great repute to bring skills and experience to help Myanmar as it transforms and emerges onto the world stage.

SPA Myanmar is ready for any challenges that may come its way. We are confident that with our experience in various industries, as well as our strategic thinking, our professionalism, and our core of dedicated personnel, we are well-positioned for further successes well into the future.


Serge Pun @ U Theim Wai