Asean round-up

In Indonesia on 07/02/2013 at 3:06 pm

Carlsberg has signed a joint venture to brew and market its beers in Burma. Carlsberg will own 51% of the joint venture with local firm Myanmar Golden Star (MGS) Breweries.

Foreign banks could enter Burma with majority-owned joint ventures with local banks as early as April, FT reports, followings news of a cabinet reshuffle and announcements on reforms to attract foreign investment.

The Indonesian economy, the biggest in Southeast Asia, slowed in the last three months of 2012, dragging down full year growth.The economy grew by 6.2% last year, down from 6.5% in 2011.


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