Hard Rock Cafe opens in Yangon

The 853 square-meter, state-of-the-art cafe will highlight Hard Rock’s new design style and latest technology. “Hard Rock Cafe has been looking forward to opening its first cafe in Myanmar and we could not have asked for a better destination to showcase the Hard Rock Cafe Yangon experience,” said Steve Yang, Area vice president Asia Pacific […]

Myanmar Beer Sales Unscathed as Prices Rise

Local bars in Myanmar are called “beer stations” for a reason: Myanmar citizens in urban areas prefer beer to other types of alcohol, and tend to stick to large domestic brands. In the beginning of June, the price of Myanmar and ABC beers were increased, causing some grumbling across the city’s bars and made Myanmar […]

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 […]

Can EITI membership make resource revenues transparent?

It can be easy joining groups: The challenge is in seeing the membership through. Myanmar signed up to the Extractive Industries Transparency Initiative (EITI) on July 2. The agreement promotes openness and accountable management of revenues from natural resources, requiring annual disclosure of taxes and other payments by oil, gas and mining companies to governments. […]