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
Kirin investigates payments

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 back in Myanmar beer market after 4 years

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-based Meal Temple makes Myanmar foray with Freshgora investment

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
Myanmar subsidiary secures US$20m IFC loan

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
Prime pretzels baking as Auntie Anne’s opens in heart of Yangon

Myanmar’s first Auntie Anne’s outlet opened

Myanmar’s first store of global pretzel chain Auntie Anne’s has opened at the Junction City shopping mall in Yangon. It is the latest international franchise to enter the country. The franchise for the Pennsylvania-headquartered company is he