Kirin stops payments to Tatmadaw beer partner

Asian drinks giant Kirin said it has halted dividend payments from its beer business to its Myanmar military-owned partner Myanmar Economic Holdings Public Company (MEHL) amid an independent probe and concerns from investors. The suspension stops Kirin and MEHL, and their shareholders, from receiving profits from joint ventures Myanmar Brewery and Mandalay Brewery. Kirin’s Myanmar […]

Kirin halts payments to Myanmar beer partner linked to military

TOKYO, Nov 11 (Reuters) – Japanese beverage group Kirin Holdings Co said it was halting payments from its beer ventures in Myanmar to local partner Myanmar Economic Holdings Public Company (MEHL), an entity linked to the country’s military. The United Nations has identified the owners of MEHL as members of the Myanmar military, which has […]

Philanthropy not legally required for investors: DICA

The government does not oblige the private sector to make philanthropic donations when doing business in Myanmar, a senior official has clarified. U Thant Sin Lwin, head of the Directorate of Investment and Company Administration (DICA), said that neither the Investment Law nor the Myanmar Investment Commission requires investors – foreign or local – to […]

Kirin expands market share with Mandalay Brewery JV

Kirin Holdings has officially taken a stake in Mandalay Brewery, the brewer of Mandalay Lager Beer, Mandalay Strong Beer and Mandalay Spirulina Beer. Japanese brewer Kirin Holdings and military-linked Myanmar Economic Holdings Limited (MEHL) signed an agreement on the joint venture in Yangon on Monday. The JV received approval from the Myanmar Investment Commission in […]