Myanmar businesses want policies & directions from government

LOCAL businesses are pressing the government for national economic policies as they expect to know where the economy is headed and how they should prepare for the future. There are concerns the new government, which took office in April, has not yet revealed its economic policies. Businesses are also concerned that if the policies further […]

The Land Rush in Myanmar

After decades of military rule, Myanmar at last has a democratically elected government. Longtime opposition leader Aung San Suu Kyi’s party took charge in March, with her ally Htin Kyaw becoming president and the Nobel laureate herself serving as foreign affairs minister. In response, the U.S. last month announced a partial rollback of economic sanctions […]

South Korean-Myanmar Joint Venture to Start Pepsi Drinks Production

YANGON — South Korea’s Lotte Chilsung Beverage Co. Ltd and Myanmar Golden Beverage Co Ltd (MGS) announced that they will team up to produce and distribute PepsiCo drinks in Myanmar. The firms said on Thursday that they formed a joint venture, Lotte-MGS Beverage Co. Ltd, adding that the investment had been approved by the Myanmar […]

Lotte Beverage enters Myanmar

Lotte has entered Myanmar’s beverage market as a bottler for PepsiCo, the company said last week. Lotte Chilsung Beverage, the beverage division of the country’s fifth largest business conglomerate, launched LOTTE-MGS Beverage at the Traders Hotel in Yangon on January 29. A total of 150 high-ranking officials from Lotte and MGS as well as Myanmar […]

Lotte Chilsung to sell drink products in Myanmar

YANGON – South Korea-based Lotte Chilsung will distribute and sell soft drink products in partnership with US-based PEPSICO, according to the Directorate of Investment and Companies Administration (DICA). The company applied for permission to open a branch office for distributing and selling its products in Myanmar. The Lotte Chilsung Beverages is one of Asia’s largest […]

Major US Companies Slow to Report Myanmar Investments

More than two months after the United States published the first reports by American companies investing in Burma, big name brands such as Cisco, Coca-Cola, PepsiCo and Visa remain absent from the filings, which are posted on the website of the US Embassy in Burma. American companies putting US$500,000 or more into Burma or investing […]