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Thai Bev buys Myanmar distilleries

Thai Beverage, the Thailand-based spirits and beer maker, has bought a 75 per cent stake in Myanmar Distillery Company Group- (MDC) and its related supply chain business for S$1 billion.  ThaiBev, which is listed in Singapore, said it raised the money through internally generated cash flows and external borrowings.  It acquired the stake from four […]

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Singapore firm to launch limousine services in Yangon

Singapore-based Strides Transportation signed a joint venture agreement on October 12 in Yangon to provide limousine services in Myanmar’s commercial capital in early 2018. Under the partnership, SMRT Strides Toyotsu Alliance will take 60 percent of stakes in the joint venture, Toyota Tsusho Asia Pacific ( a member of the Toyota Group of Companies) and […]

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ThaiBev acquires Myanmar distilleries as TPG exits

Thai Beverage Public Co has acquired a combined 75% stake in two Myanmar distilleries in a deal worth $742 million, hoping to tap into growth in the country’s nascent spirits market. ThaiBev acquired the 75% stake in Myanmar Supply Chain and Services Go (MSCS) and Myanmar Distillery Co (MDC) from four third-party vendors, including Texas-based […]

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Myanmar: Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]

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