Thai Billionaire Courts Controversy In Slugfest For Control Of Myanmar Brewery

Billionaire Charoen Sirivadhanabhakdi, Thailand’s third-richest tycoon with a net worth of $10.6 billion, is in the midst of a slugfest, yet again. Fraser & Neave ’s (F&N) local partner in its beer joint venture in Myanmar has begun arbitration for what it claims is its “contractual right” to buy over the parent company’s 55% stake […]

Thai Beverage – F&N: Trouble frothing between Myanmar Brewery partners

Myanmar Economic Holdings Ltd (MEHL) is attempting to take control of Myanmar Brewery Ltd from its Singapore-based joint venture partner Fraser and Neave, according to a release by Fraser and Neave on the Singaporean stock exchange. Military-run MEHL submitted a notice to Fraser and Neave stating its intention to seek arbitration regarding a potential claim […]

Can Singapore capitalise on Myanmar’s opening?

Myanmar’s political opening has caught the world’s attention, and many countries are rushing to what has been called Asia’s last frontier market. Punishing sanctions by the European Union have been lifted, while Washington DC has suspended its measures. Seized by the economic potential of the country’s large market and rich resources, Western companies have responded […]