Coca-Cola Announces Will Return to Myanmar After 60 Years

Coca-Cola Co. (KO) plans to return to Myanmar for the first time in more than 60 years, leaving Cuba and North Korea as the only nations where the maker of the world's most popular soft drink doesn't do business.
The company will start operating in Myanmar as soon as the U.S. government issues a license allowing investments in the Southeast Asian country, a move that may be "imminent," the Atlanta-based company said in a statement distributed by Businesswire yesterday.
Myanmar is enhancing economic, military and political ties with Western nations after years of isolation that left its 64 million people among Asia's poorest. The country's transition to democracy in recent months after about five decades of military rule prompted the U.S. to ease sanctions in May.