British American Tobacco Back in Burma
9 July 2013
British American Tobacco (BAT), the world’s second-largest tobacco company by sales, is planning to return to Burma after a 10-year hiatus, reports The Financial Times. The London-based multinational said it would spend about US $50 million on a factory in Burma. “We are truly excited with the post-sanctions development in Myanmar and are keen to play an active part in the country’s economic and social advancement,” said BAT’s chief executive, Nicandro Durante. In 2003, Britain’s then Prime Minister Tony Blair urged the company to leave Burma after Ken Clarke, the former deputy chairman of BAT, admitted in a private letter that the junta then running the country was “extremely unpleasant”.