Factbox: The foreign firms doing business in Myanmar

  • 📰 Reuters
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A military coup in Myanmar and a bloody crackdown on protesters has piled pressure on foreign companies operating in the country. Some firms are scaling back or even pulling operations while those with ties to army-linked firms are being urged to cut them.

People flee to safety during an anti-coup protest in Loikaw, Myanmar March 9, 2021 in this still image obtained by Reuters.Total SE and Chevron Corp have a large offshore gas project in partnership with Myanmar Oil and Gas Enterprise .

Chevron agreed in 2019 to put a focus on human rights in Myanmar, under pressure from an activist investor. The report urged foreign firms to cut business with the military due to human rights abuses. An Adani spokesman declined to comment on the allegations that the land is leased from MEC. Coca-Cola Co - The soft drinks giant was one of the first American companies to re-enter Myanmar after the U.S. started easing sanctions in 2012 and runs plants outside Yangon.

Shangri-La Asia - The Hong Kong-listed group runs a luxury hotel in commercial hub Yangon on land leased from the military, according to the 2019 UN report. Shangri-La did not respond to a request for comment.H&M - The Swedish fashion giant has suspended new orders from Myanmar, where it has around 45 direct suppliers, citing “practical difficulties and an unpredictable situation”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

While I'm all for calling out shady asshole companies, they are also trying to keep their employees in those countries as safe from harm as possible. refusing military juntas is a good way to get your employees disappeared.

No violence against the people during the Loikaw strike in Kayah State Father appearing in public Arrest by a terrorist group. RELEASE THE ARRESTED Mar9Coup WhatsHappeningInMyanmar

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines