Kanbawza group sets up new office at Strand Road

Published on Tuesday, 27 November 2012 21:12

Kanbawza group, Myanmar’s private company group specialising in a wide range of business such as banking and agriculture, has set up a new office at Strand Road, Kyauktada Township, according to sources from the group.

Kanbawza has the official permission to rent a six-storyed office building on long-lease term, but it remains unclear whether the group will turn it into the Kanbawza Bank’s head office, a spokesperson from Kanbawza Bank said.

The mega business group from Myanmar is expanding their business and office buildings and Kanbawza is constructing a new building next to their head office, according to spokespersons of the bank.

The Myanmar government has taken steps to privatise government-owned buildings since the end of 2008, and most big corporations and top company groups have made a success of tendering.

Kanbawza’s new office was formerly used by government sectors, such as the Civil Service Selection and Training Board.