The military regime is set to drop meaningful structural reforms from an economic recovery plan initiated by the former National League for Democracy government, and is instead promising to slash red tape in a bid to shore up collapsing business confidence.
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Singapore drinks and property conglomerate Fraser and Neave says an assessment has valued its stake in Myanmar Brewery at US$560 million.
Dutch brewer Heineken has entered Myanmar’s increasingly competitive beer market, opening a US$60 million brewery in a joint venture with a domestic partner at Hmawbi, about 30 miles north of Yangon. Lester Tan, the managing director of the APB ABC joint venture, spoke to Frontier about the company’s plans for Myanmar and its strategy for challenging Myanmar Beer’s dominant share of the market.