Food and beverage giant Fraser & Neave (F&N) is re-entering the Myanmar's beer market after a four-year absence, the Straits Times reported.

The Singapore company has pumped in $70 million to set up Emerald Brewery in Yangon with local partners

Media reports last year stated that F&N's partner in Myanmar is Shwe Than Lwin, which imports motor vehicles, construction goods and heavy machinery into the country.

The facility has started brewing and marketing beer under the Chang brand, one of Thailand's most famous beers, the statement added.