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German BMW to enter Myanmar’s market

http://www.elevenmyanmar.com/business/3357-german-bmw-to-enter-myanmar-s-market

Germany-based BMW automaker will launch its first showroom and servicing center in Myanmar, BMW’s partner, Inspiration de Formosa Group, said.

Inspiration de Formosa Group was registered as a trading and construction company at the Directorate of Investment and Companies Department and the group’s Managing Director is Than Than Htay.

Due to Myanmar’s reforming process, the international automobile companies, spare parts and servicing centers are penetrating to the country market.

Currently, the US-based Ford and Sout Korea-based KIA Motors are also planning to open their showrooms and servicing centers in Myanmar, coming second fourth-monthly weeks.

Moreover, Japan-based Toyota, Nissan Honda and Suzuki automobiles companies have already opened their showrooms, spare parts and servicing centers in Yangon, and Mitsubishi and Germany-based Bosch motor companies will launch sales and servicing centers in Yangon, this month.

The BMW brand is popular among the Myanmar people. The company was founded in 1917 and it's headquartered in Munich, the third largest city in Germany.

It also owns and produces mini cars, and is the parent company of Rolls-Royce Motor cars. BMW also manufacture motorcycles under BMW Mottorad.

The BMW Group sold over vehicles 1.7 million worldwide last year.
 

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Investment Commission gives green light to Heineken

http://www.elevenmyanmar.com/business/3479-investment-commission-gives-green-light-to-heineken

The Myanmar Investment Commission has permitted APB Alliance Brewery Company to manufacture and distribute Heineken beer in the country, according to the International Beverages Trading Company (IBTC).

Heineken is the seventh beer brand to set up business in Myanmar. A new joint venture, APB Alliance Brewery Company Limited is signed by Alliance Brewery Company (Myanmar) and Asia Pacific Breweries Singapore Limited. Alliance Brewery Company is a subsidiary of IBTC. APB Alliance Brewery will manufacture soft drinks and beverages as well.

Aung Moe Kyaw, the owner of the IBTC has signed Chang Beer Thailand to sell its product in Myanmar this year. It was also permitted by the commission. He has two others beer breweries in Myanmar which are Myanmar Carlsberg and Diamond Mayson Industries.

The new joint venture is planning to invest $60 million in the brewery and create jobs, media reported. Its brewery plant will be built in Hmawby Township of Yangon.

This is the first beer company approved by the new formed Myanmar Investment Commission. There were total of 6 beer companies approved by old commission when the union mister Soe thein was chaired for old commission.
 

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Unilever to open factory in Myanmar

http://www.elevenmyanmar.com/business/2547-unilever-to-open-factory-in-myanmar

Unilever, a UK-based multinational consumer goods company is planning to launch its first factory in Myanmar next month, as part of a US$667 million investment program.

Unilever is the world's third-largest consumer goods company according to 2011 reports. Its products include foods, beverages, cleaning agents and they are the world's largest producer of ice cream.

Harish Manwani, the Chief Operating Officer for Unilever, said:
“Unilever invested in Myanmar about 80 years ago. This is our return.”

The multinational has over one hundred factories throughout the world producing toothpaste, shampoo, food and personal care products. Its famous products include Knorr chicken broth powder, Sunsilk shampoo, Clear shampoo, Lux soap, Sunlight soap and Ponds cosmetics. All are established brands in Myanmar.

The company aims to stand at the top of Myanmar’s consumer goods market which is expected to grow within next ten years. Although they plan to build a second factory in Myanmar, details have not been announced.

Many Myanmar workers who were previously employed by Unilever’s factories in Thailand have also been given opportunities to work in factories back home. With economic reforms underway, many migrant workers are returning to seek equal opportunities back in Myanmar.

The factory is expecting to provide two thousand jobs in the space of two years. It is still waiting for approval from the Food and Drug Administration Department but is expected to start operations in August. Unilever will appoint around 150 employees to start with and plans to assign the duties to a further 100 staff at the end of this year.
 

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UK to invest in Myanmar's oil, gas and travel sectors

http://www.elevenmyanmar.com/business/2809-uk-to-invest-in-myanmar-s-oil-gas-and-travel-sectors

The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.

The UK invested over US$2659.954 million in March 2011, and the investment is increased to over US$3045.434 million in June 2013. China is still the biggest investor in Myanmar with more than US$14 billion. The UK is standing in 5th place behind China, Thailand, Hong Kong and South Korea.

The UK is making investment in nine sectors in 2013. On June 12 the Myanmar Investment Commission (MIC) gave permission to UK-based Leisure Holdings Asia Ltd. to organise river cruises between Yangon, Mandalay, Began, Banmaw, Mawlite and Homemalin. On May 10 the MIC is also allowed the joint venture of UK based HC (Asia) Holding Co. Ltd. and a Myanmar company to establish a production plant of plastic bottles in Mingalardon Industrial Zone.

During his trip to the UK, Myanmar President Thein Sein invited UK companies to invest more. Myanmar has plenty of natural resources and needs foreign investment to develop into an industrialised country like UK.
 

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Italy's Ferrero chocolate brand launches in Myanmar

http://www.elevenmyanmar.com/business/2800-italy-s-ferrero-chocolate-brand-launches-in-myanmar




Italy-based Ferrero Chocolate has been granted permission to export its products to Myanmar and distribute them locally. The move was announced at a ceremony to appoint an official sales representative held at the Park Royal Hotel on July 15.

Ferrero is a global brand producing many products, including the bite-sized Ferrero Rocher chocolates, Pocket Coffee, Mon Cheri, Giotto, Tic Tac breath mints, Nutella chocolate spread, Raffaello coconut cream candy, and the Kinder line of products to name a few popular ones.

“We will sell our brands across the country. We are officially distributing our products in Southeast Asian countries like China, Indonesia, the Philippines, Malaysia, Brunei, Singapore and Thailand. Now, we are distributing and selling chocolate here,” said Marcello Gallo, Ferrero's new sales representative at the ceremony.

Ferrero Spa is an Italian manufacturer of chocolate and other confectionery products. It was founded by confectioner Pietro Ferrero in 1946 in Alba, Piedmont, Italy. Ferrero International South Asian headquarters is in Luxembourg and it has its largest factory in Germany. Premiun Distribution Company and Pahtama Group in Myanmar have been appointed as formal representatives of Ferrero.

“Ferrero’s products penetrated the local market in the past. But the product quality is not good enough because they are imported from China and Thailand. The products are now being imported from Italy. So far, the quality is very good,” said Chaw Ngwe Ngwe, Marketing Executive from Premium Distribution Company.
 

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EU reopens preferential trade with Myanmar

http://www.elevenmyanmar.com/business/2808-eu-reopens-preferential-trade-with-myanmar

Myanmar is set to profit from a preferential trade agreement with the European Union (EU) starting on July 19, according to an EU press release.

“This has the potential to make a huge difference to the country’s economic development and to bring real benefits to the people of Myanmar,” said EU Commissioner Karel De Gucht.

“The EU is also going to help Myanmar to boost the capacity of both public and private firms to make use of these new opportunities,” he added.

According to that special privilege, Myanmar will gain duty-free and quota-free access to European markets under the terms of an ‘everything but arms’ trade agreement starting today.

The Generalised Scheme of Preferences (GSP) has allowed developing countries to pay lower import tariffs on some or all of their exports to the EU. The EU has granted GSP’s to the 27 least developing nations of the world, with Myanmar now among them.

The EU suspended trade preferences for Myanmar in 1997 due to the country’s violations of core international conventions on forced labour.

The EU has agreed to open its trade relations with Myanmar since President Thein Sein visited five EU countries from February 25 to March 8.

The International Labour Organisation concluded that significant achievements had been made by Myanmar although there some problems persist.
 

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Heineken beer to be produced in Myanmar by 2014

http://elevenmyanmar.com/business/2890-heineken-beer-to-be-produced-in-myanmar-by-2014

Heineken beer-maker APB Alliance Brewery Company said its first beer factory in Myanmar will be able to start operation by the end of next year.

Myanmar’s Directorate of Investment and Company Administration approved establishment of APB Alliance Brewery on July 25.

It is a joint venture between Asia Pacific Breweries Ltd (APB) and its local partner Alliance Brewery Co Ltd (ABC).

Netherlands-based Heineken announced its entry to Myanmar in May 13. Now, its APB holds 57 percent stake in the US$60 million worth joint venture.

Heineken beer factory will be located in Hmawbi Township in Yangon Region and it is expected to be operational towards the end of 2014.

World’s top beer-maker Heineken owns 95.3 percent stake in APB, which used to be a joint venture with Fraser and Neave (F&N) until 2012.

F&N has long time presence in Myanmar. Its joint venture called Myanmar Brewery Ltd is with the military-owned Union of Myanmar Economic Holding Ltd (UMEHL). On its establishment, F&N owned 55 percent share but the update share information is not known.

Heineken once penetrated Myanmar market in the past joining hands with Myanmar Brewery Ltd. Later in 1996, it withdrew from Myanmar on political grounds.
 

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Britain 4th place in foreign investment standing

http://elevenmyanmar.com/business/4250-britain-4th-place-in-foreign-investment-standing

Myanmar and Britain signed MoU during June (Photo-Than Htike Aung)



Britain is listed fourth in foreign investment to Myanmar after investing more than US$ 256 million between January and September, according to Directorate of Investment and Companies Administration (DICA).

Britain has invested more than US$ 3 billion in 62 businesses and currently stands behind China, Thailand and Hong Kong. Total foreign investment to Myanmar is over US$ 43 billion.

British companies invested mainly in oil and natural gas, consumer goods production and transport sectors. The Myanmar Investment Commission (MIC) has allowed Leisure Holdings Asia Ltd. and HC (Asia) Holding Co. Ltd. from Britain the right to do business in Myanmar.
 

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Luxembourg invests in Myanmar river cruiser

http://elevenmyanmar.com/business/4205-luxembourg-invests-in-myanmar-river-cruiser

YANGON - Abercrombie & Kent from Luxembourg has been granted licence to invest in a new river cruiser by the Myanmar Investment Commission on August 15.

Luxembourg, which has not invested in Myanmar in 20 years, provided US$ 5.2 million in cruise liner and other business along Chindwin and Ayeyawady rivers, according to Directorate of Investment and Companies Administration (DICA).

Founded in 1962, Abercrombie & Kent is a leading luxury travel company, providing luxury travel tours to the world's greatest destinations.

Myanmar Investment Commission is currently scrutinising international firms who want to invest in Myanmar under the new foreign investment law.

Foreign companies are investing mainly in the garment industry as well as hotels and tourism.
 
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