Though Myanmar’s military junta has withstood sanctions in the past, its current pursuit for regional legitimacy is dealt a challenge. Sign In. Listen to this article. Myanmar military's business interests extend far and wide. Sign In. Myanmar Army armoured vehicles drive in a street after the military seized power in a coup in Mandalay, Myanmar, Feb 3, 2021. Scores of major, medium-sized and small business owners and […] Sign In Sign Up . Follow the money: Myanmar coup puts pressure on army businesses. So far, most companies with major dealings or investments in Myanmar appear to be taking a wait-and-see approach. Business Myanmar coup weighs on economy. February 25, 2021 GMT. MYANMAR'S recent military coup has likely slowed its economic recovery, but the main challenge will be foreign direct investment (FDI), watchers have said. The country’s economy, already battered by the Covid-19 pandemic, is expected to slow … Visit the Business section of Insider for more stories. Chinese power loans fueling a debt trap in Pakistan; Rohingya’s Rehabilitation by Bangladesh on Bhashan Char Island; Behind Trudeau’s China-Khalistan Love; Free Balochistan Movement condemns abduction of Baloch professor ; Indo-Pakistan War, 1971: … Google has pulled down a propaganda blog supporting the military coup in Myanmar after the blog was discovered by an online activist this week. ViewPoint China: Myanmar Military Is Ungrateful, Poor Business Partner Whereas. The Myanmar Army maintains the second largest active force in Southeast Asia after the People's Army of Vietnam. Read more about Twelve burning questions about the Myanmar military coup, answered on Business Standard. "If foreign banks continue to do business with these banks under military-control, they will be complicit in propping up the military regime," Justice for Myanmar said. The Myanmar military on Monday announced the appointment of 11 new ministers, including U Wunna Maung Lwin as the country's new foreign minister. Myanmar's military has said that it is using a … For many years, foreign companies venturing into Myanmar have been warned about doing business in the country where the military wields enormous influence. Visit the Business section of Insider for more stories. But last week just after the Feb. 1 coup, Japan’s Kirin Holdings, a leading brewery and food 1 of 14. HAVING arrested hundreds of politicians, activists and social workers for taking part in Myanmar’s civil disobedience movement against the military coup d’état on February 1, the ruling junta now has another target in its campaign to cower an outraged public into submission: the local business community. Maybank Kim Eng expects gross domestic product (GDP) to grow by 3 per cent in FY2020/21, against an earlier forecast of 4.5 per cent, while growth in FY2021/22 could come in at 4 per cent, from an expected 6 per cent before. Is Your Business Funding Myanmar Military Abuses? Thousands continue to protest against Myanmar's military coup in early February. Sign In Sign Up . Military & Security. A decade after Myanmar’s highly praised opening to the outside world following decades of military rule, the armed forces are back in power. Myanmar military’s powerful business interests fund atrocities, UN says. It has weighed on … PHOTO: AFP . The blog was managed and hosted via the Google-owned Blogger platform under the URL seniorgeneralminaunghlaing.com, taking its name from the Myanmar military leader who has seized … Visit the Business section of Insider for more stories. It’s unclear what effect the coup will have on Thai-owned businesses in Myanmar. The military coup in Myanmar this week should sound alarm bells in corporate boardrooms around the world. Myanmar, also known as Burma, was long considered a pariah state while under the rule of an oppressive military junta from 1962 to 2011. 3 -min read. Money earned by the Myanmar military from international and domestic business deals, “substantially enhances its ability to carry out gross violations of human rights with impunity” according to a report released on Monday by an independent United Nations group looking into military-business ties in the South East Asian country. Since Myanmar’s transition from decades ... Search. Taking care of business: the coup in Myanmar is partly about protecting the economic interests of the military elite February 14, 2021 1.50pm EST Htwe Htwe Thein , Curtin University [+] military coup, on February 09, 2021, in Yangon, Myanmar. 1 minute read. The military coup in Myanmar this week should sound alarm bells in corporate boardrooms around the world. Facebook Twitter LinkedIn Reddit WhatsApp Telegram Share via Email Print. Thursday, 4 March 2021 Breaking News. Iran pushes back at US nuclear overreach. (Photo by Stringer/Anadolu Agency via Getty Images) Anadolu Agency via Getty Images. Start a Petition. Staff Writer with AFP August 5, 2019. Biden imposes sanctions on Myanmar military leaders who directed coup Published Wed, Feb 10 2021 1:35 PM EST Updated Wed, Feb 10 2021 6:48 PM EST Christian Nunley @cnunley7 Myanmar’s military says elections will be held after year-long state of emergency Read more Myanmar army downplays coup threat, says it will protect constitution With potential sanctions and boycotts against Myanmar likely following the military coup, the Thai-Myanmar Business Council says Thai investors are concerned their businesses in the neighbouring country will be affected. Norway considers excluding Kirin from wealth fund due to Myanmar military ties Oslo — The Norwegian central bank said on Wednesday it had put Japan’s Kirin Holdings on a watch list for possible exclusion from its $1.3-trillion sovereign wealth fund over the beverage giant’s business ties to Myanmar’s military. The general who returned Myanmar to military rule Foreign Direct Investment (FDI) commitments into Myanmar were worth $5.5bn (£4bn) in the 2020 fiscal year, which ended in September. Under the cabinet reshuffle, besides the new appointment, 24 deputy ministers were removed from their posts, the military said in a statement.