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SMI F&B Pte. Ltd. (“SMI F&B”) has a joint venture with Quarto Products (60% SMI F&B and 40%
Quarto), for the purpose of importing food and beverage items from overseas suppliers into
Myanmar for onward sale to leading hotels and restaurants
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SMI F&B will manage three F&B outlets (approx. 1,000 sq.m) within the new terminal at YIA,
scheduled to open by September 2016; Franchise agreements are being signed with well-known
international F&B brands
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Tourism Ministry estimates the tourist volume will increase from 5.0 million in FY2016 to 7.5
million in FY2020, leading to an increased demand for international standard restaurants and
premium F&B products
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SMI plans to expand its range of F&B franchised concepts into the domestic market
FOOD & BEVERAGE
Growth in tourism will increase demand for F&B related businesses
singapore MYANMAR INVESTCO limited | Annual Report 2016
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