Thai Amata to slow investment in US$1 billion Myanmar industrial zone after coup

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BANGKOK: Thai industrial estate developer, Amata Corporation on Tuesday (Feb 2) said it was slowing down investment to an industrial complex in ...

BANGKOK: Thai industrial estate developer, Amata Corporation on Tuesday said it was slowing down investment to an industrial complex in Myanmar's largest city, Yangon, over worries of foreign sanctions and unrest following a coup.

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.

 

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