Businesses start to rethink Myanmar as coup ignites protests
Elaine Kurtenbach
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Police in riot gear for am line blocking protesters during a demonstration in Mandalay, Myanmar, Tuesday, Feb. 9, 2021. Protesters continued to gather Tuesday morning in major cities breaching Myanmar s new military rulers ban of public gathering of five or more issued on Monday intended to crack down on peaceful public protests opposing their takeover. (AP Photo) (Copyright 2021 The Associated Press. All rights reserved.)
BANGKOK – Businesses are just beginning to reassess their investments in Myanmar after the military seized power, detaining civilian leaders and sparking mass protests.
Singaporean tycoon Lim Kaling, a board member of technology firm Razer Inc., announced Tuesday that he was pulling out of a cigarette joint venture with military-linked Virginia Tobacco Co., the country’s biggest cigarette maker and owner of the Red Ruby and Premium Gold brands.