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Yangon jute factory fires over 300 workers, claims losses

The management of a former state-owned jute factory in Yangon on Wednesday sacked over 300 workers who have been employed for over 30 years, saying they are facing losses and will shut down the facility. “Factory officials told us they have to close the factory and dismiss us because they have been suffering losses,” said […]

Battle for beer goes to arbitration

The military-linked giant Myanma Economic Holdings Limited (MEHL) announced on November 6 that it is launching arbitration against Myanmar Brewery Limited (MBL), its Singapore-based joint venture partner. In a heated media release, MEHL slammed “erroneous” media reports that its arbitration against Fraser & Neave Limited (F&N) was a test case for Myanmar’s investment laws. Seeking […]