SABMiller Eyes Stake in Myanmar Brewer: Sources

LONDON — SABMiller is exploring the possibility of snapping up a stake in Myanmar’s biggest brewer, a deal that would make it the partner of a conglomerate with ties to the former ruling military, sources familiar with the matter say. Any such deal involving Myanmar Brewery would likely be seen as a vote of confidence […]

Questions Surround 4th Telecom License, After Military Firm Name Emerges

YANGON — A Ministry of Communications and Information Technology official has denied a report that a military-owned conglomerate has been selected to become Myanmar’s fourth telecom operator, after a state-owned newspaper this week announced that the conglomerate was awarded a mobile phone license. The Mirror, a Burmese-language government mouthpiece, mentioned in an article on Thursday […]

Myanmar Firms Feel Pinch From Abroad

YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]