YANGON—Singapore-listed Yoma Strategic Holdings (YSH) and Japan’s Sumitomo Corporation have entered into a proposed joint venture to distribute and service Hino brand trucks and buses in Myanmar. The joint venture, subject to approval by relevant authorities, is expected to be 60-percent owned by Sumitomo Corporation, 20-percent by Elite Matrix, a wholly-owned subsidiary of YSH, and […]
Govt Denies Report of Helicopter Maker’s Yangon Factory Plans
December 5, 2013 by
YANGON — Myanmar’s Department of Civil Aviation says there are no plans to allow a foreign helicopter company to open manufacturing operations in Yangon, refuting a recent report by the local Yangon Times daily. On Monday, the Yangon Times reported that US-based Robinson Helicopter Company was planning to open a factory in either Thanlyin or […]
