Thailand's Amata slows down US$1 bil Myanmar investment

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The move comes amid worries of foreign sanctions and unrest following a coup. FMTNews AmataCorporation Thailand Myanmar Investment

Policemen sit inside trucks parked on a road in downtown Yangon yesterday.

“We have to slow down,” chief marketing officer, Viboon Kromadit, told reporters in a virtual briefing, adding the company was assessing the situation daily. Amata is among the foreign businesses operating in Myanmar that scrambled to understand the situation on Monday after the military seized power from the democratically elected government of Aung San Suu Kyi.

The company was also concerned about sanctions from western countries, which would further limit investment and the possibility of violence.

 

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