Two years after the Myanmar Investment Commission’s announcement, the Ministry of Commerce (MOC) has permitted nine wholly foreign retail and wholesale providers to operate in the country. These include investors from Japan, Thailand, US, Singapore, and the Netherlands. The nine non-Myanmar companies are able to secure a green light from the authorities since the government […]
Ambient Digital Group Appoints Yvette Ces as Regional Associate Business Director
October 11, 2017 by
Digital media and marketing solutions company, Ambient Digital Group, has appointed Yvette Ces as Regional Associate Business Director. Her responsibilities will include heading up the Myanmar business to expand on its strong growth. Ces will work from the Yangon office, and be responsible for all sales, marketing and new business activities, as well as back […]
Dutch businesses keen for deals in Myanmar
June 14, 2017 by
A DOZEN Dutch companies took part in the Netherlands’ first trade mission to Myanmar last week, reflecting keen interest to expand business ties. Dutch ambassador Wouter Jurgens said the mission, from June 7-9, was part of efforts to build on these relations. Jurgens said the Dutch companies discussed opportunities with Myanmar business people in a […]
Unilever forms Myanmar JV for home and personal care products
May 8, 2017 by
May 4 (Reuters) – Consumer goods maker Unilever signed a joint venture deal with Myanmar’s Europe and Asia Commercial Co Ltd (EAC), combining their home and personal care businesses to accelerate sales in a newly emerging market. The joint entity, with annual sales of more than 100 million euros ($109 million), will provide both companies […]
Fitzmaurice’s €100m digital marketing group Brandtone targets Myanmar
June 26, 2015 by
Myanmar, with a population of 70m, is one of the world’s least developed countries. The company, founded by Donald Fitzmaurice and Padraig McBride, recently completed an €18.5m fundraising round to enable expansion into this and other new markets. Brandtone is thought to have been approached for a sale, with Facebook, Twitter and WPP among potential […]
Swiss giant Nestlé moves into food and beverage production
September 16, 2014 by
Swiss food manufacturer Nestlé SA has confirmed that it is preparing to invest around US$50 million in Myanmar’s food and beverage industry over the next six years, in the latest sign yet of the Myanmar consumer market’s attractiveness to international firms. A statement from the President’s Office issued on September 8 said that the investment […]
Foreigners get a taste for food investment
July 8, 2014 by
Myanmar Industries Association (MIA) plans to support foreign investment in food production joint ventures as they apply for permission to set up in the coming months, said its chair U Zaw Min Win. The food industry has been picking up steam on the heels of entry by large international companies including American drink makers Pepsi […]
