Singapore accounted for US$297 million worth of investment approved by the junta from October 2021 to March this year, according to Myanmar state data. The second largest investor during that period was China, with US$142 million.
It is not clear if the latest projects involve Singaporean companies or multinational corporations based in Singapore. But the recent sale of telecommunications firm Telenor Myanmar indicates that Singapore continues to be a launching pad for third-country investments in Myanmar.
straits_times Typical bs hypocritical Singapore: « We stand with the Myanmar ppl. We stand with Ukraine » in front of the cameras. But behind, Singapore is welcoming russian investments, sponsoring a russian-stage cultural centre and supporting the junta in Myanmar. $$$ talk. ThomasVLinge