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UPDATE 1-PepsiCo reaches deal to sell drinks in Myanmar
Reuters: Non-Cyclical Consumer Goods
Thu, 9 Aug 2012
Aug 9 (Reuters) - PepsiCo Inc said on Thursday it has signed a distribution agreement to sell some of its drinks in Myanmar with Diamond Star Co Ltd, which has been doing business in the Southeast Asian country for nearly 50 years.
Matthews Pacific Tiger Fund manager Richard Gao sees a lot of growth opportunities in Indonesia and Vietnam, as debt levels have been cut and corporate balance sheets improve.