Japan’s Kirin buys F&N’s Myanmar Brewery stake for $560m


Japan’s Kirin Holdings Co. has bought a controlling stake in Myanmar Brewery Ltd., the largest beer maker in the Southeast Asian nation, for $560 million, the company announced. The deal was routed through its Singapore subsidiary – Kirin Holdings Singapore Pte. Ltd. –  a wholly owned unit handling the group’s… Read more »

Potential for the online space in Myanmar is huge: House.com.mm’s Sophie Garnier

With 330,000 people moving to Yangon every year, and urbanisation taking place across the country, House.com.mm is putting plans in place to ensure it continues to the property search in firm in Myanmar, Sophie Garnier, co-country manager of House.com.mm, a Rocket Internet venture venture in Myanmar, said in an interaction. The portal,… Read more »

Italian-Thai Development in talks with investors for Dawei SEZ steel project

Thai construction giant Italian-Thai Development Plc (ITD) said that the Japanese, Chinese and Thai investors are interested in building the steel and iron upstream plant in Dawei Special Economic Zone (SEZ), in Myanmar. ITD has been given the license by the Myanmar government to develop  45 square kilometre of land… Read more »

Myanmar’s MySQUAR raises $2.6m in London listing

MySQUAR, Myanmar’s only social media platform in the local language, has raised $2.6 million, at a valuation of $27.8 million, through an initial public offering on London’s Aim. DEALSTREETASIA had first reported this development in April, and had said that MySQUAR was looking to raise $2.5 million, via a London listing, at… Read more »

Myanmar Beer sales unscathed as prices rise; Carlsberg to launch 2 beer bands

Local bars in Myanmar are called “beer stations” for a reason: Myanmar citizens in urban areas prefer beer to other types of alcohol, and tend to stick to large domestic brands. In the beginning of June, the price of Myanmar and ABC beers were increased, causing some grumbling across the… Read more »

Mitsubishi Electric to expand electric system business in Myanmar

Mitsubishi Electric Corp announced that it has signed a technical licence agreement with Asia General Transformer Co Ltd (AGT) to supply the Myanmar-based manufacturer with design and supervisory technical support for the production of 100MVA 230/66kV oil-immersed core-form transformers. Mitsubishi Electric said it will provide electrical design documents, technical assistance,… Read more »

Aruba to bring next-gen wireless networks to Myanmar

California-based Aruba Networks, a provider of network access solutions for mobile enterprises, said it has teamed up with local firm United Distribution Solution Co Ltd to enter Myanmar’s wireless networks market. Aruba, an HP company, said it aims to work with enterprises in Myanmar to build-up and strengthen their wireless… Read more »

Thilawa in Myanmar attracts $20m instant noodle factory

Japanese instant noodles producer Acecook will establish a factory in Thilawa special economic zone, the company announced. The factory will begin construction this year and the operation is expected to start in 2017. Acecook will invest $20 million for the factory, the total amount needed to construct the factory. Acecook… Read more »

Ministers endorse plans to develop new special economic zones in Mekong

Government ministers and senior officials attending the Greater Mekong Subregion (GMS) Seventh Economic Corridors Forum last week agreed on measures to promote the development of economic corridors, facilitate cross-border transport and trade, and enhance cooperation and private sector participation. The GMS includes the six countries sharing the Mekong River: Cambodia,… Read more »

Danish firm strikes wind energy deal in Myanmar

Danish wind turbine manufacturer Vestas Wind Systems has signed a deal with local firm Zeya & Associates to develop wind projects in Myanmar, Denmark’s Ministry of Foreign Affairs said. The agreement is expected to ensure Myanmar with a stable energy supply and welcomes Vestas on a new market, which will… Read more »