Six senior employees of the local arm of Danish brewing giant Carlsberg, including its managing director, are facing up to seven years in prison due to a dispute with a distributor over a promotional deal. Myat Hmwei Trading Company has accused the Myanmar Carlsberg Company employees of cheating under section 420 of the Penal Code, […]
Danish Minister for taxation visits Myanmar
January 24, 2019 by
The Danish Ministerial delegation, led by Minister of Taxation Karsten Lauritzen paid a visit to Myanmar on 17-20 January 2019 The purpose of the visit is to exchange the viewpoint about tax policies and conditions for foreign companies in Myanmar. At the first day of the visit, Karsten Lauritzen paid a visit to Carlsberg, the […]
Foreign insurance firms can give Myanmar’s lagging insurance market a much-needed boost
January 23, 2019 by
It has been a long time coming, but foreign insurance companies will soon be able to operate in Myanmar. Plans to liberalise the insurance market in this way were first announced in 2011. But only now has the government given the regulations the go-ahead. It is too late for those companies that left after becoming […]
Unfair taxes, illegal border trade stifle Carlsberg’s Myanmar plan
June 15, 2018 by
Michael Jensen, managing director of Carlsberg Myanmar, didn’t bother to hide his frustration at the environment in which his brewery has been forced to do business in the country. “We are faced with a tax regime that is completely unfair, incredibly bothersome bureaucratic procedures and illegal trading of beer across the Thai and China borders,” […]
Digital consulting firm nexlabs attracts US$150,000 from MSH
May 29, 2018 by
London-listed? Myanmar Strategic Holdings Ltd has agreed to make a strategic minority investment in Myanmar-based digital consulting firm, nexlabs, worth a total of US$150,000, the investment holding company said yesterday. MSH said in a statement that nexlabs, under CEO Ye Myat Min, has created and developed digital products and integrated marketing solutions for a wide […]
Tax Incentives for Alcohol, Tobacco Were a ‘Big Mistake’
December 16, 2016 by
Providing blanket five-year tax holidays to all foreign investors in recent years was a “big mistake” that will be fixed when a new investment law comes into effect next year, a senior official at Myanmar’s investment body has said. U Aung Naing Oo, director general of the Directorate of Investment and Company Administration (DICA), […]
Draught law causes beer station panic
July 19, 2016 by
On Kyar Kwet Thit Street in Yangon’s Tarmwe township, famous because it is home to more than 50 beer stations, dozens of young and middle-aged men and a handful of girls in their 20s enjoyed the nightlife earlier this week. At around 9pm customers were relaxed as they held mugs of draught beer, while the […]
Kirin adding Ichiban beer to store shelves in Myanmar
June 27, 2016 by
TOKYO — Kirin Holdings will sell its signature beer Ichiban to Myanmar consumers starting this month. The Japanese company has offered Ichiban as draft beer in upscale restaurants in the country, but will now target households directly by selling retail versions. Kirin will produce canned and bottled Ichiban with Myanmar Brewery, the country’s market leader, which it […]
Boozy battle-ground: a turf war brews in Myanmar
June 20, 2016 by
At a beer station on Bogyoke Aung San Road, servers traipse from table to table, handing mugs of Myanmar Beer to cheroot-smoking men in longyis. Another beer station in Sanchaung township looks almost exactly the same, but with Dagon Beer decorations and brew dripping from the taps. All over Myanmar, domestic brands such as Myanmar […]
Heineken aims to be market leader in Myanmar by 2020
March 25, 2016 by
HEINEKEN intends to become the market leader in Myanmar’s beer market by 2020, confident that it can beat local and foreign products in one of the biggest emerging markets in the Asia Pacific region. “We are the last brewery to come to the market. Currently, we are No 5 in the market. We hope to […]
