Post-Sanctions Myanmar the New Frontier for Global Business

YANGON/TOKYO — The end of long-standing U.S. sanctions on Myanmar companies linked to the former military government is cause for celebration in both countries, opening up a slew of previously off-limits business and investment opportunities. The U.S. Treasury Department lifted all financial sanctions on the Southeast Asian nation Friday after months of dogged appeals by […]

Kirin adding Ichiban beer to store shelves in Myanmar

TOKYO — Kirin Holdings will sell its signature beer Ichiban to Myanmar consumers starting this month. The Japanese company has offered Ichiban as draft beer in upscale restaurants in the country, but will now target households directly by selling retail versions. Kirin will produce canned and bottled Ichiban with Myanmar Brewery, the country’s market leader, which it […]

Myanmar Brewery to boost beer output to slake domestic thirst

TOKYO — Myanmar Brewery will ramp up its beer production capacity by about 10% to keep up with increasing local consumption amid economic growth. The group member of Japan’s Kirin Holdings will spend hundreds of millions of yen (100 million yen equals $917,200) to add equipment such as fermentation tanks, a key component in beer […]

Kirin Ichiban beer coming to Myanmar this month

Japanese beverage manufacturer Kirin Holdings will distribute its products in the Myanmar market beginning this month, according to a company spokesperson. Kirin Holdings will produce its beer at a factory owned by Myanmar Brewery. Initially, the Kirin will distribute Kirin Ichiban beer mainly to Japanese restaurants and other restaurants. Then, it will distribute to retail […]

Nearing last call for brewery dispute

The long-running ownership dispute between Singapore-listed Fraser and Neave and local military-linked conglomerate Myanma Economic Holdings Limited (MEHL) is reaching its end, as the two sides have agreed to proceed with the sale of shares in Myanmar Brewery later this month. Fraser and Neave will sell its 55 percent stake in Myanmar Brewery for US$560 […]

MEHL accepts US$560m valuation of F&N’s stake in Myanmar Brewery

SINGAPORE: The Myanma Economic Holdings (MEHL) has accepted the US$560 million (S$776 million) valuation of Fraser & Neave’s (F&N) 55 per cent stake in Myanmar Brewery, the Singapore-listed company said on Wednesday (Aug 5). In a filing on the Singapore Exchange, F&N said its Myanmar partner in the brewery confirmed the sale at that price, […]

Myanmar conglomerate asks Singapore court to enforce F&N brewery stake sale

SINGAPORE — A Myanmar conglomerate has asked Singapore High Court to order food and drink company Fraser and Neave Limited (F&N) to transfer its 55 per cent stake in Myanmar’s biggest brewery to the Myanmar firm by Aug 20 in a dispute over a deal dating back to 2013 over the holding’s value. Government-backed Myanmar […]

Thai Billionaire Courts Controversy In Slugfest For Control Of Myanmar Brewery

Billionaire Charoen Sirivadhanabhakdi, Thailand’s third-richest tycoon with a net worth of $10.6 billion, is in the midst of a slugfest, yet again. Fraser & Neave ’s (F&N) local partner in its beer joint venture in Myanmar has begun arbitration for what it claims is its “contractual right” to buy over the parent company’s 55% stake […]

Singapore’s Fraser & Neave Says in Beer Spat With Myanmar Partner

Singapore property and drinks conglomerate Fraser and Neave said on Thursday its joint venture partner, which is run by Burma’s military, plans to start arbitration proceedings over the company’s stake in Myanmar Brewery. The brewery represents only a small part of F&N’s business but losing its stake would mean being shut out of one of […]

Myanmar’s advertising industry running catch up

As international brands storm the market and local companies realize the need to step up their game for consumers now faced with more choices than ever before, there has been an explosion in the advertising and marketing sector in Myanmar. Media has opened up and digital marketing is becoming a very near reality, making the […]