Fitzmaurice’s €100m digital marketing group Brandtone targets Myanmar

Myanmar, with a population of 70m, is one of the world’s least developed countries. The company, founded by Donald Fitzmaurice and Padraig McBride, recently completed an €18.5m fundraising round to enable expansion into this and other new markets. Brandtone is thought to have been approached for a sale, with Facebook, Twitter and WPP among potential […]

Swiss giant Nestlé moves into food and beverage production

Swiss food manufacturer Nestlé SA has confirmed that it is preparing to invest around US$50 million in Myanmar’s food and beverage industry over the next six years, in the latest sign yet of the Myanmar consumer market’s attractiveness to international firms. A statement from the President’s Office issued on September 8 said that the investment […]

Foreigners get a taste for food investment

Myanmar Industries Association (MIA) plans to support foreign investment in food production joint ventures as they apply for permission to set up in the coming months, said its chair U Zaw Min Win. The food industry has been picking up steam on the heels of entry by large international companies including American drink makers Pepsi […]

Unilever banners in Myanmar used extremist symbol

YANGON, Myanmar — Consumer products giant Unilever scrambled Monday to remove advertising banners from shops in western Myanmar that prominently displayed the symbol of the Buddhist extremist movement blamed for a wave of bloody attacks against minority Muslims. Photos viewed by The Associated Press showed the large green banners stretched over storefronts in the Rakhine […]

Burmese Govt Urges Foreign Investors to ‘Take the Plunge’

RANGOON — Despite lingering infrastructure problems such as the country’s poor roads and patchy power supply, Burma’s government wants foreign businesses to be less cagey about investing in the much-touted frontier economy. Aung Tun Thet, an economics advisor to President Thein Sein, implored would-be investors on Monday to “please take a risk, please take the […]

Early Returnee Dutch firm lends helping hand in project management

For many potential foreign investors the outcome of Myanmar’s elections in 2015 will determine if the country is firmly on the path of democratization, but Dutch firm Royal Haskoning DHV has no such reservations. The engineering and project management consultancy was one of the first to return to Myanmar as part of an unofficial Dutch […]

Unilever receives licence to open Myanmar branch

U.K-based multinational Unilever has been granted permission to open a branch office in Myanmar. The Directorate of Investment and Company Administration issued a temporary license to Unilever under services category through the one-stop service system last Wednesday. Established in 1930, Unilever is a consumer goods company which now distributes over 400 brands to 180 countries. […]

Mango Media’s Rose Swe

Aye Hnin Swe, known as Rose Swe, is the managing director of Mango Media, a marketing, public relations and advertising company whose clients include Coca-Cola, Visa, Unilever and Telenor – to name but a few. The media and advertising veteran talks to Myanmar Business Weekly about her career as a female entrepreneur in a country […]

U.S.-based Colgate-Palmolive hopes to penetrate Myanmar market

U.S.-based Colgate-Palmolive is in Myanmar this week to discuss possible investment in the country, according to the Directorate of Investment and Company Administration (DICA). The company’s chief compliance counsel, John Smith, and his delegation met with DICA officials on Wednesday afternoon. Colgate-Palmolive is an American multinational consumer products company that specializes in household, health care […]

Myanmar’s stock exchange facing delays

Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project. “We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. […]