YANGON, Myanmar — Just days after the U.S. eased key sanctions on Myanmar, General Electric Co. became the first American company to invest in the former pariah state, signing deals Saturday to provide medical equipment to a pair of hospitals in the country's biggest city.
The beginning of 2015 saw the start of the decline of the real estate market in the largest city and former capital of Myanmar. However, the previous week brought about unprecedented weak performance in the property market with absolutely no deals being made.
Representatives of several leading Yangon property agencies all agreed that the leading cause of the halted deals was the upcoming presidential elections in Myanmar, but most have also acknowledged a few other factors that they believed to be harmful to the market.
NAYPYITAW, Myanmar (AP) — Myanmar's government and eight smaller ethnic rebel armies signed a cease-fire agreement to end more than six decades of fighting, but other more powerful groups refused to come on board, signaling that peace will remain elusive for some time to come.
At the 2015 Chicago Auto Show on Thursday, the president of General Motors North America announced that the automaker will start building the Chevrolet Bolt by next year at the Orion assembly plan in Michigan.