Lotte Group, the fifth largest conglomerate in food, retail and construction in South Korea, opens up its eighth hotel, Lotte Yangon, at a prime site next to Inya Lake with an aim to establish a foothold in the lucrative ASEAN market. It currently operates hotels in United States, Russia, Vietnam and Uzbekistan. Situated about 8 […]
US automaker – Ford – launched a car assembly plant in Yangon on July 21, 2017 with an initial capital of US$ 10 million. The new assembly plant is located in the industrial zone in east Dagon Myothit. Ford’s partner in the venture is Capital Automotive, a subsidiary of Myanmar conglomerate Capital Diamond Star Group. Ford also […]
According to Nikkei Asian Review, Japan based Nissan Motor is partnering with Myanmar based Tan Chong Motor to set up a 10,000 units assembly plant at an investment of about $50 million. The plan is to set up a new plant in Bago region targeted for launch in 2019. Nissan has been selling in Myanmar since […]
The Asian Infrastructure Investment Bank (AIIB) recently approved a US$20 million loan to finance a 225 MW Combined Cycle Gas Turbine Power Plant Project in Myingyan, Myanmar, co-financed with other Multilateral Development Banks and commercial banks according to AIIB’s press release. The power plant will be the largest Gas-Fired Independent Power Producer ...