Singaporean company divests Myanmar business
After Kirin announced an end to its Tatmadaw (Myanmar military) beer partnership, the military also lost its partner in the country’s largest cigarette company. Singaporean tycoon Lim Kaling, co-founder of Hong Kong gaming firm Razer, announced
Unrest hits domestic business
As foreign enterprises reevaluate their investments, the escalating unrest has thrown domestic business into chaos. Escalating protests and political uncertainty pushed many companies to suspend activities this week, either because their employees ha
Kirin will axe partnership in beer business
The military takeover of the government was the final blow for the troubled partnership between Japanese beverage giant Kirin and Tatmadaw-backed Myanma Economic Holdings Ltd. (MEHL). The company will divest its 55% stake in Myanmar Brewery, claiming
Protests intensify
Hundreds of thousands of people gathered in protest over the weekend and throughout the week in Yangon, Mandalay, Nay Pyi Taw and other cities. As the protests have intensified, so has the response: Police have begun using water hoses and, in at leas
The coup: What it is, and what it is not
The Tatmadaw (Myanmar military) will be in power for at least one year as Daw Aung San Suu Kyi and other NLD leaders remain in custody. Legally speaking, the coup is not, as of now, a definitive end to Myanmar’s new democracy. The Tatamdaw has
