UK Markets open in 7 hrs 4 mins

Ayala, Yoma See Myanmar Opportunity in Trade War, Infrastructure

Nov.15 -- The oldest family-owned conglomerate in the Philippines is furthering its expansion in Myanmar. Ayala says it will acquire a 20-percent stake in property developer Yoma and its affiliate First Myanmar Investment for almost 240-million dollars. The heads of Ayala and Yoma discussed the deal exclusively with Bloomberg.