TOKYO — Kirin Holdings will expand a brewery in Myanmar into one of the Japanese beer purveyor’s largest in the world as the emerging Southeast Asian market shows promise. The Tokyo-based group will spend several billion yen (1 billion yen equals $9.1 million) to scale up a factory in Yangon operated by Myanmar Brewery, in […]
IRD to raid shops in crackdown on illegal alcohol, cigarettes
January 16, 2018 by
Surprise inspections for alcohol, wine and cigarettes are beginning this month, the Internal Revenue Department said in a November 30 statement. A special team has been formed for the unannounced inspections, said an IRD official. There will be no advance warnings, he added. The IRD will seize goods that merchants have not paid tax on. […]
Aeon brings Japanese sensibilities to Myanmar food shopping
October 7, 2016 by
YANGON — Japanese supermarket giant Aeon has become the first foreign retailer to enter Myanmar since the 2011 transition to civilian rule, a development that could herald change in a retail industry still dominated by traditional markets. Aeon signage, a familiar sight to Japanese consumers, made its Myanmar debut Friday in a largely middle-class area along a major […]
Plastic chips away at cash’s dominance in Myanmar
August 24, 2016 by
YANGON — Credit cards are gaining traction in Myanmar, where cash has long been king, with foreign players such as China UnionPay and Japan’s JCB lured by rising consumer incomes and an increasingly robust financial infrastructure. JCB, in conjunction with Myanmar Payment Union and Ayeyarwady Bank, also known as Aya Bank, debuted a credit card Tuesday […]
Myanmar Cosmetics Association expresses doubts over industry future
August 10, 2016 by
Although the Myanmar government has made steps towards growing domestic beauty businesses, the country’s cosmetics body says measures need to be stepped up to protect domestic players. The Myanmar Cosmetics Association (MCA) has recently made an official request to the Myanmar Investment Commission to put the industry on its radar and start both protecting and […]
Heineken competes for Myanmar beer market
July 14, 2015 by
YANGON — Dutch beer maker Heineken has entered Myanmar’s beer fight as it opened a US$60 million brewery (2.03 billion baht) near the commercial capital Yangon on Sunday. The new plant will start by brewing Heineken for the premium segment for the market and a new local brand, Regal Seven, developed especially for the Myanmar […]
