Government eases foreign liquor ban
The Ministry of Commerce has issued guidelines that allow for the import of foreign liquor. Foreign spirits valuing greater than USD 8 (the previous maximum) may now be brought in via air and sea, according to the new rules. The move relaxes longstan
Japanese beer giant struggling
Japanese beverage giant Kirin has said it will conduct a “further examination” of its Myanmar presence after its ties with the Myanmar Army (Tatmadaw) threatened an unrelated deal in the United States. The affair could show that things ar
F&N re-enters Myanmar beer market
Singapore-listed beverage firm Fraser and Neave (F&N) has launched its Myanmar subsidiary Emerald Brewery. The investment value of the deal is USD 70 million. The operations will produce Chang Lager Beer. The brewing facility will be located in
Cambodia’s Meal Temples makes Myanmar foray
Cambodian food delivery and logistics company, Meal Temple Group, has made a minority stake investment into Myanmar-based Freshgora. According to a Dealstreet Asia article, Freshgora’s goal is to provide delivery services to restaurants, liquor sho
Metro Myanmar secures USD 20 Million IFC loan
The Myanmar arm of the German food retail group Metro AG has raised a USD 20 million loan from the International Finance Corporation (IFC). According to a Myanmar Times article, IFC said the funds would help increase the company’s incomes. It is ex
