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Korean steelmaker Posco reviewing to cut ties with Myanmar s juntaNews

National Pension Service remains cautious over POSCO s Myanmar biz

National Pension Service remains cautious over Myanmar crisis Posted : 2021-04-06 15:43 Updated : 2021-04-06 20:59 By Park Jae-hyuk The National Pension Service (NPS) is maintaining silence on POSCO s businesses in Myanmar. Amid the steelmaker s continued denial of its ties with the Southeast Asian country s military junta, the state pension service appears to be facing a dilemma, as European institutional investors have begun urging POSCO and other global enterprises to leave Myanmar, in order to prevent possible inflows of cash to the junta. According to the Financial Times, Park Yoo-kyung, an adviser of the Dutch pension fund, APG, which manages $668 billion, raised questions about POSCO s commitments to responsible investments, saying that a lot of investors are putting pressure on the company.

Reacting to bloody coup, US suspends trade deal with Myanmar

Reacting to bloody coup, US suspends trade deal with Myanmar Anti-coup protesters extinguish fires during a protest in Thaketa township Yangon, Myanmar, Saturday, March 27, 2021. (Source: AP) By Associated Press | March 29, 2021 at 12:33 PM EDT - Updated April 1 at 4:46 PM WASHINGTON (AP) The United States on Monday suspended a trade deal with Myanmar until a democratic government is brought back to the Southeast Asian country after a bloody Feb. 1 coup. The military overthrew the elected government, jailed Aung San Suu Kyi and other civilian leaders and killed and imprisoned protesters in the country also known as Burma. “The United States supports the people of Burma in their efforts to restore a democratically elected government,’ U.S. Trade Representative Katherine Tai said in a statement. “The United States strongly condemns the Burmese security forces’ brutal violence against civilians. The killing of peaceful protestors, students, workers, labor leaders,

Stepping up Myanmar coup penalties, US suspends trade deal

Stepping up Myanmar coup penalties, US suspends trade deal
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