Boozy battle-ground: a turf war brews in Myanmar

At a beer station on Bogyoke Aung San Road, servers traipse from table to table, handing mugs of Myanmar Beer to cheroot-smoking men in longyis. Another beer station in Sanchaung township looks almost exactly the same, but with Dagon Beer decorations and brew dripping from the taps. All over Myanmar, domestic brands such as Myanmar […]

Grand Andaman wins monopoly on Tanintharyi birds’ nests

Grand Andaman Islands Company has taken over the right to harvest birds’ nests on four groups of islands in Tanintharyi Region that were put out to tender, after the Union of Myanmar Economic Holdings failed to make a cash payment for one of the bids. UMEHL had won the right to produce and harvest swiftlet […]

Grand Andaman and UMEHL to harvest birds’ nests in Tanintharyi

Grand Andaman Islands Company has become Myanmar’s first private company to hold a licence to work alongside military-owned conglomerate Union of Myanmar Economic Holdings Limited (UMEHL) harvesting birds’ nests on a number of islands in Tanintharyi Region. The company, which also owns a casino resort in the Andaman Sea, won three out of four lots […]

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 […]

Information on Responsible Business Practices Largely Absent: Survey

Most Burmese companies provide little to no information on whether they have policies on responsible business practices, a survey among 60 major firms has found, and almost half did not even have a website with general information about their activities. A report by the Myanmar Center for Responsible Business, released on Tuesday, surveyed how much […]

Upgrades planned for Yangon power grid

Poor electricity supply invariably appears prominently in discussions about the challenges facing Myanmar’s economy. Accordingly, international organisations and in some cases foreign investors have pledged large amounts of money and expertise to tackle the problem. However, the discussion is normally framed in the context of expanding power generation capacity rather than the urgent need to […]

China Wanbao – building trust

Through a combination of land compensation and corporate social responsibility activities, the operator of one of China’s largest investments in Myanmar hopes to recommence operations after a year’s delays and wrangling. Dong Yunfei, a manager at the Yangon branch of Wanbao Mining, the Chinese State-owned company that operates the Letpadaung copper mine, wrote in an […]

Myanmar’s Old Guard Clings to $8B Jade Empire

HPAKANT, Kachin State — Tin Tun picked all night through teetering heaps of rubble to find the palm-sized lump of jade he now holds in his hand. He hopes it will make him a fortune. It’s happened before. “Last year I found a stone worth 50 million kyat,” he said, trekking past the craters and […]

Residents protest the building of oil refinery in Dawei

Locals from Yinboat village in Dawei, Tanintharyi region have protested the building of a Chinese-backed oil refinery project. Three hundred residents from the area gathered on September 24 with posters citing President Thein Sein’s speech and the principles laid down by the Myanmar Investment Commission which call for environmentally friendly investment. “The employees working for […]

Arbitration on tap for Myanmar Brewery owner

The Myanmar Brewery ownership dispute has further escalated after Singaporean company Fraser and Neave said it received a Notice of Arbitration from its local partner last week. Military-owned partner Union of Myanma Economic Holdings Limited (UMEHL) is seeking to force the foreign firm to sell its majority stake to UMEHL over an alleged breach of […]