YANGON, Myanmar As some of the world’s biggest companies trumpet their arrival in Asia’s hottest frontier market, the tobacco industry has a different strategy: It’s slipping into Myanmar without fanfare.
The impoverished nation of 60 million people emerged from a half-century of isolation and brutal military rule two years ago. With most international sanctions against the country lifted or suspended, foreign businesses from Coca-Cola and Unilever to Suzuki Motors have scrambled to...
The International Trade Promotion Department is putting emphasis on Myanmar as it promotes more trade and investment in Asean.
After opening a Trade and Investment Consultant Centre in Yangon recently, Srirat Rastapana, director-general of the department, said her agency would continue to encourage Thai companies, particularly small and medium-sized enterprises, to do more business in Myanmar.
"Myanmar is one of the most interesting markets among neighbouring countries because of the...
YANGON, Myanmar—As some of the world’s biggest companies trumpet their arrival in Asia’s hottest frontier market, the tobacco industry has a different strategy: It’s slipping into Burma (officially renamed Myanmar) without fanfare.
The impoverished nation of 60 million people emerged from a half-century of isolation and brutal military rule two years ago. With most international sanctions against the country lifted or suspended, foreign businesses from Coca-Cola and Unilever to...
Every morning, more than 7,000 Vietnamese walk across the border and start work in a Chinese town.
Nguyen Thi Dung, an interpreter, is one of them. She lives in the Vietnamese city of Mong Cai but works in Dongxing City in China's Guangxi Zhuang Autonomous Region.
The 27-year-old woman has a number of clients in Dongxing. With the help of people like her, Vietnam sells seafood to China, while China exports clothes and domestic appliances to Southeast Asia.
Dung earns at least 200 yuan...
ANGON, Myanmar—The world's biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people.
But not everyone is happy. Some of the country's biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now finding themselves drowned out by foreign competitors including Coca-Cola Co. KO -0.30% of the U.S....
Lifetime Health Australia, a leader in Australian bee health supplements, was first approached by Bee Health Myanmar Co. Ltd., shortly after Australian trade sanctions to Myanmar were removed in July 2012.
After almost one year of negotiation and planning, a product - Natural Life™ Propolis Liquid - has been developed, produced and delivered for the growing South-East Asian nation.
The transaction is a significant achievement for a small business such as Lifetime Health Australia, as...
Much is being made of the reopening of Myanmar to the global economy. Barely a week goes by without another multinational announcing a commitment to invest in the country. At the World Economic Forum (WEF) meeting last month, Coca-Cola (KO) Chief Executive Officer Muhtar Kent compared the opening of the company’s first Myanmar bottling facility to the fall of the Berlin Wall. That’s a grand vision. But really, what does all this economic development mean for a country with a population of...
Heineken beer-maker APB Alliance Brewery Company said its first beer factory in Myanmar will be able to start operation by the end of next year.
Myanmar’s Directorate of Investment and Company Administration approved establishment of APB Alliance Brewery on July 25.
It is a joint venture between Asia Pacific Breweries Ltd (APB) and its local partner Alliance Brewery Co Ltd (ABC).
Netherlands-based Heineken announced its entry to Myanmar in May 13. Now, its APB holds 57 percent stake...
Blue Mountain Soft Drink Company expects to expand in the coming years, despite the influx of foreign brands including Coca Cola, says Chairman Dr. Sai San Tun.
Sai San Tun, who heads parent company Lwe Hein told Mizzima that the company expects to increase its market share, despite speculation from critics that the brand would suffer in the coming decade.
A new Blue Mountain factory is expected to open this year in Mandalay as part of the expansion. Sai San Tun has called it a...
Myanmar’s economic potential has been vastly enhanced by the access to foreign resources — in the form of new trading opportunities, the inflow of foreign investment, elevated levels of bilateral and multilateral assistance — that President U Thein Sein’s commitment to political, social and economic reform has unleashed.
The relaxation of sanctions and improved relations with the major powers have both opened a new opportunity for development after years of economic isolation and...
British American Tobacco is returning to Burma a decade after campaigners forced the world’s second-largest tobacco company by market share to leave the country due to BAT’s links with the military regime.
BAT said it would spend about $50 million on a factory in Burma (also known as Myanmar) to produce its London brand of cigarettes after it left the country following an “exceptional” request from the British government to stop doing business there in 2003.
Tony Blair, the prime...
Japan and Korea are investing billions of dollars in Myanmar in the hopes of building up the country’s infrastructure to better serve foreign businesses that will undoubtedly follow in the footsteps of Coke and Unilever. With such avid foreign sponsorship, Myanmar is poised to welcome an economic boom in the coming years -- by McKinsey & Co.’s estimation, the small country could potentially bring its economy from $45 billion up to more than $300 billion in 2030.
The Myanmar government...
Carlsberg Group, the world's fourth-largest brewery group, has announced its entry into the Myanmar market.
The Danish brewer has signed a strategic partnership agreement with Myanmar Golden Star (MGS) Breweries. Carlsberg will be 51pc owner of the newly formed Myanmar Carlsberg Co, Ltd. Under the agreement Carlsberg plans to brew and market beer in the country under its world-renowned label.
"We have followed the developments in Myanmar closely and are encouraged by the recent political...
Did You Know?
Myanmar is the lingua franca. English is widely understood in cities like Yangon, Mandalay , Bagan, etc., Cantonese, Flukiness and Mandarin can also be used in the business circles here. ... More
