Amata Plc to slow investment in B30 bn Myanmar industrial zone after coup
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published :
2 Feb 2021 at 17:29
FILE PHOTO: Vikrom Kromadit, chief executive of Amata Corporation Plc (Photo supplied)
Industrial estate developer, Amata Corporation Plc on Tuesday said it was slowing down investment to an industrial complex in Myanmar's largest city, Yangon, over worries of foreign sanctions and unrest following a coup.
"We have to slow down," chief marketing officer, Viboon Kromadit, told reporters in a virtual briefing, adding the company was assessing the situation daily.
Amata has so far developed 200 acres of the estate, investing just 140 million baht, he said, adding it took the firm five years to obtain the business licence.