An escalation in fighting between the Myanmar National Democratic Alliance Army and the Tatmadaw near the town of Mong Ko on the China border has emptied villages, while inflaming longstanding tensions over who controls the area.
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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.