The Philippines’ giant property developer Ayala Group is to build a new mall in Myanmar in a joint venture with local supermarket operator City Mart. The mixed use project will be constructed in Yangon and follows an earlier commitment by Ayala Group to construct a US$30 million residential project in the fast opening-up nation. “I think what City Mart wants to do is they have properties that they want to convert. If I’m not mistaken, they plan retail establishments in Yangon,” Paolo Bor…