This familiar household brand is challenging Super Group’s supremacy in Myanmar

The firm owns 50% market share in the country. The retail firm has a firm grip on the Southeast Asian country’s market, primarily due to traditional trade channels and its ability to sell even in rural villages. However, according to a report by RHB Research, modern trade channels have led to a shake-up in the […]

Water reveals two sides of Myanmar’s economic boom

[YANGON] Every morning on his way to work in Yangon, builder Zaw Min Tun takes a swig of water at a Buddhist temple, a vital place to quench a thirst for the many ordinary citizens left behind by Myanmar’s economic boom. Bottled water is among the plethora of consumer industries set to take off as […]

Capital Diamond Star Group & Mitsubishi in $200m tie-up

Local conglomerate Capital Diamond Star Group and Japan’s Mitsubishi Corporation will form a joint venture for food manufacturing and distribution, according to a press release. The new joint venture, called Lluvia Limited, aims to invest US$200 million over the next three years in new and existing businesses in Myanmar’s food value chain, and eventually compete […]

Nestlé products to be made in Myanmar

Nestle will partner with Myanmar Distribution Group (MDG) to distribute its made-in-Myanmar products by the end of 2016, according to company officials. The Swiss giant plans to start working on its factory in Dagon Seikkan Industrial Zone within two months, pending approval of the venture by the Myanmar Investment Commission, said U Aung Maw Thein, […]

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 […]

Nestlé looks to commit to Myanmar market

Swiss food giant 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 […]

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 […]