MindChamps franchisee to launch 10 preschools, 5 reading centres in Myanmar

MindChamps franchisee to launch 10 preschools, 5 reading centres in Myanmar

By: 
PC Lee
11/12/17, 07:54 pm

SINGAPORE (Dec 11): Myanmar will see the opening of 10 MindChamps preschool centres and five MindChamps reading centres.

The centres will be operated by MindChamps PreSchool Passion Capital Venture, which has signed a master franchise agreement with MindChamps PreSchool.

The first MindChamps PreSchool centre is targeted to open in Yangon next August.

“We were looking around the world for the best early childhood model of education to bring to our country, and we found it in Singapore, with MindChamps PreSchool. Amongst so many in the market, MindChamps is the only brand that has the empirical research that can nurture the champion mindset which is so important for the children in Myanmar,” says Kyi Kyi Moe, Director of Passion Capital Venture.

David Chiem, Founder CEO and Executive Chairman of MindChamps says, “It is extremely meaningful to be able to contribute to the young minds of Myanmar, as they will be the leaders of tomorrow who will shape and lead the nation into the future.”

Shares in MindChamps closed at 81 cents on Monday.

Right timing: Temporary pause as STI consolidates gains

SINGAPORE (Feb 22): The recovery by the Straits Times Index that started towards mid-January is likely to continue despite short term hiccups. Quarterly momentum is in rising mode, the 50- and 100-day moving averages are positively placed, and the index remains above its 200-day moving average. ADX is rising and the DIs are positively placed. Interestingly annual momentum has stabilised and could attempt to recover. Prices could ease as short term stochastics approaches the top end of its range and turns down. This may cause a temporary retreat. Support is at the breakout level of 3,19....
Read More >>

UOB is RHB's top pick when it comes to local banks

SINGAPORE (Feb 22): United Overseas Bank is the top pick for Singapore banks, says RHB Research which believes the share price weakness after the results release offers a good entry point. UOB has also declared a final dividend of 50 cents per share and special dividend of 20 cents per share. FY2018 total dividend of $1.20 gives an attractive yield of 4.6%. Rising 18% y-o-y, UOB’s FY2018 earnings of $4.01 billion came in line with RHB’s forecast of $4.16 billion and consensus’ forecast of $4.05 billion. For FY2019, management has guided for net interest margin (NIM) to be flatti....
Read More >>

Pioneer, Merdeka... Next, a Majulah Generation package?

SINGAPORE (Feb 22): Hot on the heels of a $9 billion Pioneer Generation package announced in Budget 2014, the $8 billion Merdeka Generation package is setting up expectations of similar packages for every generation of ageing Singaporeans. Notably, both are geared towards healthcare and broadly available to an entire generation of Singaporeans. Already, analysts are expecting at least one more package to follow. “I suppose when there is only one dot, one can’t extrapolate, but with two dots you can,” says Tan Ern Ser, a sociologist at the National University of Singapore (NUS). ....
Read More >>