[Myanmar] Mitsubishi To Open Naypyidaw Office

Japan’s Mitsubishi Corporation has announced that it will establish a new office in the Burmese capital of Naypyidaw on Sept. 1. The company opened its first Burma office in Rangoon in 1954, and has had a presence in the country ever since, despite more than two decades of international sanctions that severely restricted investment opportunities. The company said the new office would “strengthen its information gathering function†in Burma, which has attracted intense interest from investors since beginning reforms last year that have led to a relaxation of sanctions.