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With its Economy in Free Fall, Myanmar Braces for the Worst


With Its Economy in Free Fall, Myanmar Braces for the Worst
Apr 12 2021, 2:11 PM
April 12 2021, 2:30 AM
April 12 2021, 2:11 PM
(Bloomberg) With a tea shop right next to key protest zones in Myanmar’s biggest city, Soe is never quite sure whether he should keep the business open.
(Bloomberg) With a tea shop right next to key protest zones in Myanmar’s biggest city, Soe is never quite sure whether he should keep the business open.
If protesters enter to evade authorities, the 43-year-old risks getting shot, arrested or having his property destroyed as the military and police hunt them down. But if he turns away fleeing demonstrators, he may face a backlash on Facebook and a boycott of his tea shop, among hundreds in Yangon that have long served as de facto community centers. ....

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Sanctions Threat Already Having Chilling Effect on Business Activity in Myanmar


Sanctions Threat Already Having Chilling Effect on Business Activity in Myanmar
Sanctions Threat Already Having Chilling Effect on Business Activity in Myanmar
Military trucks and armored personnel carriers are seen in Mandalay, the commercial hub of central Myanmar, on Feb. 3. / Zaw Zaw / The Irrawaddy
6.3k
By Nan Lwin 3 February 2021
YANGON Many firms, especially foreign-owned businesses, in Myanmar have reacted with shock to Monday’s military coup and declaration of a yearlong state of emergency, which has put billions of dollars’ worth of foreign investment at risk due to possible sanctions from Western countries. Some foreign firms have already put investment commitments on hold. ....

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