SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Top Philippine conglomerates continue to pursue investment opportunities in Myanmar, a former hermit kingdom that is now opening up. The Ayalas are looking into real estate, banking and telco opportunities in this market, which company officials described as “the last piece of Asean puzzle.” Businesses led by Manuel V. Pangilinan are focusing on adding Myanmar in the Asian footprint of its infrastructure, energy, water, and telco portfolio. The Gokongwei group, too, is considering putting up manufacturing facilities there to sell locally or export elsewhere. Another Filipino entrepreneur who has gone to Myanmar way back in 1999 may teach them a strategy or two. Carlos Chan, the man behind the wildly successful Oishi snack food brand, boldly entered the Myanmar market after successfully penetrating China and Vietnam.
Read more about Ayala’s Myanmar ventures on Rappler
Read more about Gokongwei’s Myanmar plans on Rappler
Read more about Pangilinan-led groups’ telco bids in Myanmar on Rappler
Read more about Oishi’s Asian portfolio here
Image via Shutterstock
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