Thai Bev Takes Aim at Myanmar

Thai Beverage Plc (ThaiBev) is seeking a greater presence in Myanmar through its partnership with Fraser and Neave Ltd (F&N), the Singaporean firm acquired earlier this year by the Thai drinks giant. Thapana Sirivadhanabhakdi, ThaiBev’s president and chief executive, said the company is also considering importing Myanmar beer into Thailand, where many migrant workers from Myanmar live. F&N _ which was taken over by ThaiBev, led by the Thai billionaire Charoen Sirivadhanabhakdi in a deal worth Scopy3.8 billion (327 billion baht) _ owns a stake in Myanmar Brewery Ltd. “Myanmar is the rising star of Asean, the one everyone is looking at, and the market there is similar to Thailand’s,” Mr. Thapana said on the sidelines of last week’s Asean Economic Community (AEC) seminar in Bangkok hosted by KPMG Thailand. more…