Swiss food giant 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 ground-breaking scheme is being launched that will enable Myanmar citizens to take out insurance covering health, insurance and the effects of bad weather in the next few months. says U Maung Maung Thein, deputy minister for Finance and Revenue.
Liquor businesspeople may be reaching for the bottle for consolation after Yangon Region’s decision to raise the annual licence fees that shops and manufacturers must pay to operate.
Both Ooredoo and Telenor had pegged Myanmar to have a higher population than was revealed in the August 29 preliminary census results, though the telcos have not yet stated whether this will affect their plans in the country.