MANILA, Philippines — Ayala Corp. announced Thursday it will invest over $200 million in Myanmar’s Yoma Group as part of its strategy to pursue international expansion. Related Stories Ayala Group expanding international portfolioThe two companies said their partnership will be the biggest investment by a private Philippine firm in Myanmar. “Our partnership with the Yoma Group gives Ayala a unique opportunity to participate in Myanmar’s growth story,” Ayala Chairman & CEO Jaime Augusto Zobel de Ayala said. Yoma Group is led by Myanmar’s Pun family. As a diversified conglomerate in Myanmar, Yoma Group has overlapping interests in real estate, power, financial services, automotive and healthcare.

Source: Philippine Star November 14, 2019 04:16 UTC