BUSINESS — Pepsi enters Burmese market

PepsiCo has reentered the Burmese soft drink market. Pepsi brand drinks had previously been manufactured and distributed in Burma, however economic sanctioning forced the American company out in 1997. Local Burmese firm MGS Co, in conjunction with Korean firm LOTTE Chilsung, is handling product distribution. Bottles of Pepsi now come at the cost of 200 kyat in Burma, as the brand competes with its chief rival, Coca Cola, who opened its first manufacturing plant in Burma in 2013.