Ayala and Yoma team up to close Myanmar's infrastructure gap

YANGON -- If there is one thing Myanmar needs, it is infrastructure. Now, Yoma Group, one of the country's biggest conglomerates, is looking to build it with a partner that knows a thing or two about power grids and water supplies -- the Philippines' Ayala.

Yoma and Ayala have many overlapping businesses, from property and finance to hospitals and auto sales, but the Myanmar company has yet to seriously tackle infrastructure. Instead, it has focused on housing, restaurants, tourism and other businesses geared to Myanmar's growing middle class.