Yoma Strategic and Mitsubishi Corporation enter tire business in Myanmar

Singapore, 8 July 2014 – Yoma Strategic Holdings Ltd. (“Yoma Strategic”, the “Company”, and together with its subsidiaries, the “Group”), through its 70%-owned subsidiary, Myanmar Motors Pte. Ltd. has entered into an agreement with Mitsubishi Corporation (“MC”) relating to their joint venture company, First Japan Tire Services Company Limited (FJTS1), to provide sales support for Bridgestone tires in Myanmar. MC will hold 70% of shares while 30% will be held by Myanmar Motors Pte. Ltd. The … [Read more...]

Japan to increase investment in Myanmar education

The Japan International Cooperation Association (JICA) office in Myanmar has announced that its association will pledge¥1.35 billion (around $13.5 million) towards the advancement of engineering subjects in two technology universities in Yangon and Mandalay. This project is a five-year endeavor that willbeginon 5 October 2013 and continue until 5 October 2018. Its major aim is to support the curriculum at the two participating Myanmar universities. It will also facilitate the development of … [Read more...]