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Best of the Blogs, Emerging Markets: Heineken Expands Asian Presence With $4.1 Billion Acquisition


Plus, the World Bank grants Burma a loan for the first time in 25 years.

This column highlights the most interesting and useful business and financial commentary on emerging markets from around the Web.

Channel NewsAsia
Link: Heineken Reaches US$4.1b Deal for Asia Pacific Breweries
"Dutch brewer Heineken (HEIA.AS) said Friday it has reached a deal to buy the Asian brewing group that makes Tiger beer for US$4.1 billion, as it seeks to bolster its presence in the fast-growing region.

"Heineken said Singapore-listed Fraser & Neave (F99.SI) has accepted its offer to acquire its stake in Asia Pacific Breweries (A46.SI), adding that the F&N board has agreed to recommend the S$5.1 billion deal to shareholders."

The Irrawaddy
Link: World Bank Backs Burma with $85m Grant

"The World Bank is stepping up support for reforms in Burma by helping clear almost US $400 million debt and providing an additional $85 million in grants for social work.

"The institution has not made any loans to Burma since 1987 but returned to the country on Wednesday with the opening of a new Rangoon office after the former pariah state began a tentative program of political and economic reform."

The Hindu
Link: Jet Airways Posts Profit After a Year
"After being in red for five quarters in a row, Jet Airways Group (JETAIRWAY.NS) flew back into the positive terrain with a net income of Rs. 36.4 crore [6.53 million USD] in the June quarter on the back of higher yields and cost management.

"The country's largest airline had posted a net loss of Rs. 123.2 crore [22.1 million USD] in the same period last year."

FOX Business
Link: Brazil Allows Mobile Companies to Resume Selling Services

"TIM Participacoes SA (TSU), Oi SA (OIBR) and Claro, the local unit of Mexico's America Movil SA (AMX) will be allowed to start selling again Friday, Anatel head Joao Batista de Rezende told reporters in Brasilia.

"The three companies were banned from selling in some states because of poor quality of service and a high level of complaints. Anatel said the bans were introduced because performance indicators were below par. It gave the three firms 30 days to present investment plans aimed at resolving service problems."

Business Insider
Link: 3 Reasons Why Mexico Is the New Brazil

"Focusing in on South America, Brazil has long been the talk of the town, boasting favorable demographic trends and close economic ties with booming China. However, many would be surprised to learn that a more attractive destination for their investment dollars lies closer to home: Mexico."
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