Korea-Myanmar group proposes $620m Yangon expressway

Two companies from Korea and a Myanmar conglomerate have submitted a joint proposal to the Ministry of Construction to build an expressway from Yangon to Bago. Capital Diamond Star Group (CDSG) hopes to work with South Korea’s Lotte E&C and Halla Corporation to build the road, which would link Yangon to a new international airport […]

Lotte Beverage enters Myanmar

Lotte has entered Myanmar’s beverage market as a bottler for PepsiCo, the company said last week. Lotte Chilsung Beverage, the beverage division of the country’s fifth largest business conglomerate, launched LOTTE-MGS Beverage at the Traders Hotel in Yangon on January 29. A total of 150 high-ranking officials from Lotte and MGS as well as Myanmar […]