Friday, December 13, 2013
Yoma: Yoma announced that it had set up a second after-sales service centre for Mitsubishi vehicles in Myanmar. The announcement came shortly after the company also announced its involvement in building telecommunications towers and a new property deal. Currently, more than 90% of total revenue still comes from property, but the co now dabbles in auto servicing through its Mitsubishi partnership; telecommunications through a partnership with Digicel; and retail, through a joint venture to develop Parkson department stores in Myanmar. But overall, the group remains focused on building a diversified conglomerate in Myanmar and will selectively expanding into other businesses in the country.