Foreign companies scramble to assess fallout in Myanmar after coup

A spokeswoman for Japanese auto-parts maker Denso Corporation said it was struggling to reach staff after phone and internet connections were disrupted, while a spokesman for Aeon, which has been planning to open a shopping mall in Myanmar in 2023, said it finally got through to local staff via the internet and was monitoring the situation.

"We have closed our Yangon Branch temporarily today in line with the guidance from the Myanmar Bank Association. We have confirmed the safety of all of our colleagues," said a spokeswoman for Singapore's United Overseas Bank. The military has been accused of genocide and other war crimes against the Rohingya. Myanmar denies genocide, saying its military was carrying out legitimate operations against Rohingya insurgents who attacked police posts.

Myanmar accounts for less than 5% of Kirin's global beer sales, but is one of only a handful of its growing markets.

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Thai Amata to slow investment in $1-billion Myanmar industrial zone after coupAmata is among the foreign businesses operating in Myanmar that scrambled to understand the situation after the military seized power.
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