TITLE

REGIONAL: Company News Analysis

PUB. DATE
December 2003
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Dec2003, Vol. 14 Issue 12, p5
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article presents information on developments in various business sectors Thailand and Myanmar. British American Tobacco (BAT) has finally bowed to pressure from Great Britain government and human rights campaigners, and agreed to pull out from Myanmar, a country widely criticized for human rights abuses. Hence, the world's second-largest cigarette manufacturer has sold its 60% stake in its Myanmar subsidiary Rothmans of Pall Mall to its Singaporean joint venture partner, which will take over BAT's factory in Yangon. Cosmetics major Avon plans to increase its Thailand sales force tenfold to 400,000 by the end of 2004. The Thailand government has pledged to set up a new regulatory body for the country's telecommunications sector and expects this new entity to be functional by March 2004. The U.S. carmaker General Motors is boosting its campaign to become Thailand's largest pick-up truck producer with plans to invest further in its Rayong plant and add new models to its current line-up.
ACCESSION #
11533890

 

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