Military controlled UMEHL Among 29 Firms Changing to be Normal Companies

​​ ​​ Some 29 firms accepted as special companies under two old laws have been allowed to change to just be companies under the 1914 Myanmar Companies Act, the Ministry of Planning and Finance has said. The firms include the Union of Myanmar Economic Holdings Ltd (UMEHL) – the Tatmadaw’s economic arm – plus subsidiaries […]

Kirin Jumps Headlong Into Myanmar Beer Market

TOKYO — With beer consumption shrinking in China and other major markets, Southeast Asia has become a key growth target for the beer industry. In 2015, Japan’s Kirin Holdings seized the chance to acquire Myanmar Brewery, which holds an 80% share of the country’s market. Hajime Kobayashi, deputy director of the brewer’s corporate strategy, recently told The Nikkei about the […]

Military Conglomerate Hoping for More JVs

U Hla Moe, general manager of the planning department for the military conglomerate Myanma Economic Holdings Limited (MEHL), spoke to The Myanmar Times for an exclusive interview on operating as a public company, the outlook for joint ventures with foreign firms and competing on a level playing field in Myanmar’s new economy. The military established Myanmar Economic […]

Post-Sanctions Myanmar the New Frontier for Global Business

YANGON/TOKYO — The end of long-standing U.S. sanctions on Myanmar companies linked to the former military government is cause for celebration in both countries, opening up a slew of previously off-limits business and investment opportunities. The U.S. Treasury Department lifted all financial sanctions on the Southeast Asian nation Friday after months of dogged appeals by […]

Kirin adding Ichiban beer to store shelves in Myanmar

TOKYO — Kirin Holdings will sell its signature beer Ichiban to Myanmar consumers starting this month. The Japanese company has offered Ichiban as draft beer in upscale restaurants in the country, but will now target households directly by selling retail versions. Kirin will produce canned and bottled Ichiban with Myanmar Brewery, the country’s market leader, which it […]

Myanmar Brewery to boost beer output to slake domestic thirst

TOKYO — Myanmar Brewery will ramp up its beer production capacity by about 10% to keep up with increasing local consumption amid economic growth. The group member of Japan’s Kirin Holdings will spend hundreds of millions of yen (100 million yen equals $917,200) to add equipment such as fermentation tanks, a key component in beer […]

Kirin Ichiban beer coming to Myanmar this month

Japanese beverage manufacturer Kirin Holdings will distribute its products in the Myanmar market beginning this month, according to a company spokesperson. Kirin Holdings will produce its beer at a factory owned by Myanmar Brewery. Initially, the Kirin will distribute Kirin Ichiban beer mainly to Japanese restaurants and other restaurants. Then, it will distribute to retail […]

Nearing last call for brewery dispute

The long-running ownership dispute between Singapore-listed Fraser and Neave and local military-linked conglomerate Myanma Economic Holdings Limited (MEHL) is reaching its end, as the two sides have agreed to proceed with the sale of shares in Myanmar Brewery later this month. Fraser and Neave will sell its 55 percent stake in Myanmar Brewery for US$560 […]

MEHL accepts US$560m valuation of F&N’s stake in Myanmar Brewery

SINGAPORE: The Myanma Economic Holdings (MEHL) has accepted the US$560 million (S$776 million) valuation of Fraser & Neave’s (F&N) 55 per cent stake in Myanmar Brewery, the Singapore-listed company said on Wednesday (Aug 5). In a filing on the Singapore Exchange, F&N said its Myanmar partner in the brewery confirmed the sale at that price, […]

Myanmar conglomerate asks Singapore court to enforce F&N brewery stake sale

SINGAPORE — A Myanmar conglomerate has asked Singapore High Court to order food and drink company Fraser and Neave Limited (F&N) to transfer its 55 per cent stake in Myanmar’s biggest brewery to the Myanmar firm by Aug 20 in a dispute over a deal dating back to 2013 over the holding’s value. Government-backed Myanmar […]