BAT withdrawal after 10 years to return to Myanmar
Internet According to the "Irish Times" reported compiled 10 years ago, the Anglo-American Tobacco Company for and on behalf of the military regime has been implicated, was "Britain supported Myanmar organization" members forced evictions Myanmar market. Today, the market share of the world's second largest company decided to return to Myanmar for Tobacco cigarette market.
Anglo American for Tobacco said that in compliance with the UK government's "special" requirements, in 2003 to stop its operations in Burma, after all, this year, it's a cigarette factory in Myanmar $ 50 million investment, the London production of its cigarette brands. Earlier, the Anglo-American neighborhood in Yangon for Tobacco invested 10 million pounds of tobacco factory employing 500 employees. Myanmar Tobacco Factory as the Anglo-American Tobacco Company for institutional joint venture with Burma's state-owned establishment. The joint venture began operating in 1995, but it was only in 1999 with the merger of Rothmans company became the Anglo-American Tobacco Company for a part. Later, the Anglo-American Tobacco Company on behalf of the joint venture with the Burmese military government's cigarette factory in 60% of the outstanding shares sold to Singapore investment holding company (distinction investment holdings). Since 1993, the company already holds 15% of the joint venture's shares.
British Conservative MP and the front seat House of Commons on behalf of the Anglo-American Tobacco former vice-chairman Ken Clarke (ken clarke) worked in a private letter acknowledged that the Government of Myanmar "very unfriendly." Later, when British Prime Minister Tony Blair (tony blair), the Group and the British military dictatorship cooperative behavior was severely criticized. But Clark said support members of the organization out of context, misunderstood for Anglo-American Tobacco Company.
CEO of the Brazilian branch of the Anglo-American Tobacco Nikandeluo for Durant (nicandro durante) said: "We really cared about the development of Myanmar's post-dictatorship happy and eager for the country's economic and social development play an active role "Anglo-American Tobacco return for Myanmar, which means Western companies will gradually enter the market in the country, such as Norway, telenor company, it has been hoped that the international community has shunned the country for business development.
10 years ago, Britain had for Tobacco pressured to leave Myanmar market, "British support for Burmese organization" director Marc Fa Manna (mark farmaner) said: "The company should be in the appropriate circumstances into Myanmar market. They just need to avoid and evade the human rights records of those who have been implicated, because the legacy of the former government of all human rights issues, but still did not solve. "
Some analysts predict that by 2030, Myanmar will become a $ 300 billion economy, but not all companies are expected to have a share of this emerging countries: Vodafone (vodafone) and China Mobile in May this year, has withdrawn from Myanmar telecommunications company license bid they realized investment in the country may not be able to get enough return.
Comments:
Development of transnational corporations and politics are inseparable. Myanmar for the withdrawal of British and American Tobacco, out of political pressure, and now improved political environment after he decided to return to Burma. For multinational companies, local investment in political stability, political risk minimization, development control; political instability in local investment, political risk. In order to reduce political risks, before investing, multinationals at least to do risk analysis, risk assessment and risk adjustment three steps. In overseas investment decision stage, the country's political risk forecasting and investment projects for multinational companies choose to implement is very important. In short, in advance, "rainy day", even if the future face of unexpected events, but also can make a timely response to the initiative and make the appropriate assessment afterwards and initiatives, so that the company can make the most informed decisions.
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