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Business

Myanmar's beer battle rages amid rumor and confusion

With a captive market and a smooth flavor, Myanmar beer has until recently enjoyed a monopoly in the local market. (Photo: Steve Tickner)

YANGON -- Shortly before dark in the heart of Yangon's bustling Chinatown, the neon signs for dozens of beer stations flicker to life.

Until recently, the signs almost exclusively advertised the ubiquitous Myanmar Beer, but new logos have appeared on the street, representing the rapid changes in the country's beer market. Almost every week there are rumors about another big foreign brewer reportedly eying entry to the scene.

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