Myanmar faces wider business fallout after Kirin retreat
Faris Mokhtar, Philip J. Heijmans and Chanyaporn Chanjaroen, Bloomberg
Feb. 10, 2021
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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.
January 29, 2021 | 7:30 pm Font Size
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The continued rise in coronavirus disease 2019 (COVID-19) infections will pose a risk to the Philippine economy s recovery, experts said. Photo by Michael Varcas, The Philippine Star
The Philippine economy will face a “slow start” in 2021 as key areas remain under community quarantine, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said.
“To be honest, this year will be a slow start…We will begin to see year on year positive, I think starting the second quarter,” Mr. Chua said in a briefing on Friday.
Mr. Chua said the improvement of the coronavirus disease 2019 (COVID-19) situation in neighboring countries and their gradual reopening will have a beneficial impact on the Philippines as well.
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