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Myanmar faces wider business fallout after Kirin retreat

Myanmar faces wider business fallout after Kirin retreat Faris Mokhtar, Philip J. Heijmans and Chanyaporn Chanjaroen, Bloomberg Feb. 10, 2021 FacebookTwitterEmail A demonstrator holds up a National League for Democracy (NLD) flag during a protest outside the Embassy of Myanmar in Bangkok, Thailand, on Feb. 1 2021.Bloomberg photo by Andre Malerba. Myanmar s political upheaval is prompting global companies from Japan to Thailand to dial back operations in the country, spurring concern about a widening business fallout. From beer maker Kirin Holdings Co. to an early backer of gaming firm Razer Inc., companies and investors are weighing the impact of a military coup that s thrust the once- thriving nation into a state of emergency. The turmoil is prompting multinationals like Thailand s biggest industrial developer to delay investment plans, a harbinger of things to come should the chaos deepen.

Golpe de Estado en Myanmar (Birmania): la vuelta de los militares, que nunca se fueron

Golpe de Estado en Myanmar (Birmania): la vuelta de los militares, que nunca se fueron
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Kirin unclear on Myanmar beer stake following probe

Kirin unclear on Myanmar beer stake following probe Reuters, TOKYO Kirin Holdings Co yesterday said that it was undecided on the future of its Myanmar beer business after a third-party probe into its local partner’s military connections ended with inconclusive results. Kirin had hired Deloitte Tohmatsu Financial Advisory to investigate after the UN identified owners of its local partner, Myanmar Economic Holdings Public Co (MEHL), as members of the military, which has been accused of genocide and other war crimes against the Rohingya. Myanmar denies genocide, saying its military was carrying out legitimate operations against Rohingya insurgents who attacked police posts.

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