Japanese drinks giant to launch new beverage line in 2016

YANGON — Japan’s Asahi Group Holdings will launch beverages under an original brand in Myanmar as early as 2016. President and CEO Naoki Izumiya, who is visiting Yangon, Myanmar’s largest city, unveiled the plan during an interview with The Nikkei on Saturday. The beverage giant set up a joint venture with Loi Hein, a major […]

Firms face financial accuracy issues ahead of bourse launch

Myanmar companies might not be ready for the scheduled launch of the country’s stock exchange in 2015, officials and experts are warning. The lack of transparency and accounting efficiency on the part of firms wishing to develop initial public offerings could contribute to the slowdown of the much-anticipated launch, they say. Last month, officials developing […]

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 […]

MIC approves 33 companies in first quarter

Myanmar Investment Commission (MIC) has granted licenses to 33 companies within the first four months the year, whose total investment amounts to US$815 million, report says. The list includes 15 garment factories and other companies from the energy related industry, car manufacturing, information technology, and food and beverages, according to MIC. Garment factories has received […]