Coca-Cola plans expansion into Myanmar
(Reuters) - Coca-Cola Co (KO.N) said on Thursday that it plans to operate in Myanmar as soon as the U.S. government allows companies to invest there, a move expected imminently.
The world's largest soft drink maker has not done business in the Southeast Asian nation of 54.6 million since 1960. Myanmar is one of three countries where Coca-Cola does not operate. The other two are North Korea and Cuba.
Coke also said it will donate $3 million to a non-governmental organization for the promotion of women's empowerment in the country.
(Reporting By Melvin Backman; Editing by Bernard Orr)
- U.S. immigration protesters drop U.S. border blockade plan
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- About 60,000 Syrian Kurds flee to Turkey from Islamic State advance |
- White House intruder was armed with knife: officials
- Exclusive: Iran seeks give and take on militants, nuclear program