Myanmar’s economy is already struggling because of COVID-19 restrictions and is in more pain since the Feb. 1st military coup. Billions of dollars in investment is at risk of being pulled out of the country. Western countries having announced sanctions against military personnel may extend to foreign companies operating in certain sectors that require them to partner with the Military.
Yangon-based analyst David Mathieson told AFP, “Now with the coup, the view would be; basket case, banana republic.”
Companies like Kirin from Japan have pulled out of Myanmar because of international pressure. Kirin has a partnership with the Military.
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