Myanmar Army Conglomerate Says It Has Won Beer Spat With Singapore’s F&N

SINGAPORE — A military-linked Burmese conglomerate said it has won an arbitration case against Singapore’s Fraser and Neave Ltd (F&N) that will give it the right to buy the latter’s stake in Myanmar’s biggest brewery. Union of Myanma Economic Holdings Limited (UMEHL) said in a statement on Friday that a panel of two unnamed Singapore […]

Legal reforms significant, but work remains

Strenghtened laws and regulations and continued government reform made Myanmar the world’s most improved country for doing business in, UK-based global risk analytics firm Maplecroft found in a report released on January 8. Myanmar last year made progress in tackling corruption, weak rule of law, respect for property rights and controls on corporate governance, the […]

Myanmar’s economy yet to see real progress – Suu Kyi

Opposition leader Aung San Suu Kyi has told media that the Myanmar has yet to see real economic progress as most people’s living conditions have not improved. Suu Kyi, chairperson of the National League for Democracy, made the critical remark during a meeting with the media in Nay Pyi Taw on Tuesday. “Myanmar’s economic situation […]