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Myanmar Daily Post-Coup Update: May 31

Japanese Retail Giant AEON Shelves Myanmar Mall Plans

The crisis created by the military seizure of power has forced the Japanese firm to pause its plans for the major shopping mall.

AEON Postpones Shopping Mall Project in Myanmar | Myanmar Business Today

Aeon planned to start the construction process this year and expected to open the mall by 2023. The project is a joint venture between Aeon Mall Co., Ltd and Shwe Taung Real Estate Co., Ltd, the real estate arm of Shwe Taung Group. In the joint-venture company called Aeon Mall Myanmar Co., Ltd, Shwe Taung will hold a 30 percent stake while Aeon Mall holds the rest. Aeon Mall Myanmar Co., Ltd. will develop the first AEON MALL in Myanmar on a 17.632 acre of land at the corner of Shwe Li Road and Ayeyarwun Road, Dagon Seikkan Township, Yangon. The 5-story shopping mall will have a gross floor area of about 1.2 million square feet and 2,300 parking lots.

Myanmar Junta Forces Beat Man to Death in Bago Region, Keep Body

Myanmar Junta Forces Beat Man to Death in Bago Region, Keep Body Ko Aung Myint Hlaing, 32, died after a brutal beating by regime forces. / Supplied 2.3k By The Irrawaddy 7 May 2021 Ko Aung Myint Hlaing, a 32-year-old electrical engineer, was beaten to death by regime forces on Tuesday night shortly after being detained for questioning in Bago Region’s Pyay Township. His family was refused permission to retrieve his body for a funeral. The man’s family told The Irrawaddy that regime forces including plainclothes military men arrested him at around 8:30 p.m. on Tuesday on suspicion of involvement in a bomb blast in front of a branch of military-owned Innwa Bank in Shwetaung in late April.

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