• Burmese
Saturday, June 14, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
27 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Burma Army Conglomerate Says It Has Won Beer Spat With Singapore’s F&N

The Irrawaddy by The Irrawaddy
October 31, 2014
in Uncategorized
Reading Time: 2 mins read
0 0
A A
Burma Army Conglomerate Says It Has Won Beer Spat With Singapore's F&N

Myanmar Brewery

26.2k
VIEWS
Share on FacebookShare on Twitter

SINGAPORE — A military-linked Burmese conglomerate said it has won an arbitration case against Singapore’s Fraser and Neave Ltd (F&N) that will give it the right to buy the latter’s stake in Burma’s biggest brewery.

Union of Myanma Economic Holdings Limited (UMEHL) said in a statement on Friday that a panel of two unnamed Singapore arbitrators heard the case in the city state from late June to early July. MEHL said the panel released a ruling earlier on Friday which says MEHL is entitled to buy F&N’s shares in Myanmar Brewery.

Analysts initially saw the case as an example of the lack of legal protection for foreign investors in Burma and the pitfalls of doing business with an institution closely linked to the country’s military.

RelatedPosts

Sagaing Protesters Condemn Civilian Govt Toll Charges

Sagaing Protesters Condemn Civilian Govt Toll Charges

June 14, 2025
49
Tree-Planting Hides Logging Frenzy; Moving Mountains for Steel Production; and More

Tree-Planting Hides Logging Frenzy; Moving Mountains for Steel Production; and More

June 14, 2025
52
Is TNLA, Under Chinese Pressure, Conceding Northern Shan Gateway to the Regime?

Is TNLA, Under Chinese Pressure, Conceding Northern Shan Gateway to the Regime?

June 13, 2025
661

However UMEHL argued that there had been a clear default by F&N on their joint venture agreement and that taking the matter to arbitration in Singapore showed they were dealing with the matter using proper legal channels.

“It is very important for Myanmar that foreign investors have confidence in the way we do business,” said Myint Aung, UMEHL’s Deputy Managing Director, in the statement.

“The conduct of this arbitration shows our commitment to the rule of law and that we will always adhere to due process.”

Myanmar Brewery manufactures brands such as Myanmar Beer, Myanmar Double Strong and Andaman Gold. It has an 83 percent share of the country’s beer market, according to an F&N presentation in May.

Myanmar Brewery was set up in 1995 by UMEHL with Heineken NV through the latter’s Asian arm, Asia Pacific Breweries Ltd (APB), which transferred its 55 percent stake to F&N in 1997.

Last year, F&N was taken over by two companies controlled by Thai billionaire Charoen Sirivadhanabhakdi, including Thai Beverage PCL.

UMEHL claimed the right under a joint venture agreement to buy F&N’s 55 percent stake in Myanmar Brewery after F&N defaulted on a term in the agreement.

It declined to comment on the term on which it said F&N had defaulted, but sources with knowledge of the case said it was related to the change of shareholding structure of F&N after the takeover.

F&N and its parent company, Thai Beverage PCL, on Friday submitted a request to the Singapore Exchange for a halt in trading of their shares. Officials at F&N were not immediately available to comment.

Your Thoughts …
The Irrawaddy

The Irrawaddy

...

Similar Picks:

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang
Burma

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

by Hein Htoo Zan
November 28, 2023
98.3k

Myanmar National Democratic Alliance Army troops are opening roads and pathways through forests for people to flee Kokang’s capital as...

Read moreDetails
Burning Alive in Myanmar: Two Resistance Fighters Executed in Public
Burma

Burning Alive in Myanmar: Two Resistance Fighters Executed in Public

by The Irrawaddy
February 7, 2024
89.3k

People’s Defense Force says junta troops told every household in the village to send one member to witness the double...

Read moreDetails
Another Entire Junta Battalion Raises the White Flag in Myanmar’s Northern Shan State
War Against the Junta

Another Entire Junta Battalion Raises the White Flag in Myanmar’s Northern Shan State

by The Irrawaddy
November 29, 2023
87k

Brotherhood Alliance member says it now has complete control of Kokang’s northernmost section after the junta’s Light Infantry Battalion 125...

Read moreDetails
Depleted Myanmar Military Urges Deserters to Return to Barracks
Burma

Depleted Myanmar Military Urges Deserters to Return to Barracks

by The Irrawaddy
December 4, 2023
59k

The junta said deserters would not be punished for minor crimes, highlighting the military’s shortage of troops as resistance offensives...

Read moreDetails
As Myanmar’s Military Stumbles, a Top General’s Dissapearance Fuels Intrigue
Burma

As Myanmar’s Military Stumbles, a Top General’s Dissapearance Fuels Intrigue

by The Irrawaddy
April 19, 2024
46.8k

The junta’s No. 2 has not been seen in public since April 3, sparking rumors that he was either gravely...

Read moreDetails
Enter the Dragon, Exit the Junta: Myanmar’s Brotherhood Alliance makes Chinese New Year Vow
Burma

Enter the Dragon, Exit the Junta: Myanmar’s Brotherhood Alliance makes Chinese New Year Vow

by The Irrawaddy
February 12, 2024
44.7k

Ethnic armed grouping says it will continue Operation 1027 offensive until goal of ousting the junta is achieved. 

Read moreDetails
Load More
Next Post
More Activists Face Charges for Protests Against Journalist’s Killing

More Activists Face Charges for Protests Against Journalist’s Killing

What Will It Be?

What Will It Be?

No Result
View All Result

Recommended

Will Myanmar’s Military Replace Its Embattled Leader?

Will Myanmar’s Military Replace Its Embattled Leader?

1 week ago
2.5k
How the Myanmar Military’s Propaganda Efforts Have Evolved Over the Decades

How the Myanmar Military’s Propaganda Efforts Have Evolved Over the Decades

3 days ago
972

Most Read

  • Myanmar Tourism Sector Mocks Junta’s Russia Tourist Drive

    Myanmar Tourism Sector Mocks Junta’s Russia Tourist Drive

    shares
    Share 0 Tweet 0
  • Untested Commander Takes Charge as Myanmar Military Faces Toughest Challenge in Decades

    shares
    Share 0 Tweet 0
  • Is TNLA, Under Chinese Pressure, Conceding Northern Shan Gateway to the Regime?

    shares
    Share 0 Tweet 0
  • Sagaing Region Braced for Myanmar Junta Airstrikes After Jet Crash

    shares
    Share 0 Tweet 0
  • Myanmar Junta Advances into Karenni State

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.