Myanmar’s military rulers have given the go-ahead for a local company, Shwe Byain Phyu, to own most of Telenor’s business in the Southeast Asian country, under a deal to be finalised soon, Reuters …
Meet Myanmar Military-Linked Crony Taking Stake in Telenor Sale
A company with close links to Myanmar’s military regime has been allowed to take a stake in Norwegian telecom operator Telenor’s business in Myanmar, following the sale of the telecom business to the …
Myanmar says it won’t attend ASEAN foreign ministers meeting
BANGKOK (AP) — Myanmar will not participate in this week’s meetings in Cambodia of foreign ministers from the Association of Southeast Asian Nations, spurning an invitation to send a non-political …
Myanmar says it won’t attend ASEAN foreign ministers meeting
But in a sign that attitudes in Japan are mixed, Japanese brewery Kirin Holdings announced on Monday that it has decided to withdraw from its business in Myanmar and terminate its joint venture …
Outrage over Telenor Myanmar sale grows as more ties between military and new owner revealed
Telenor, which is owned and controlled by the Norwegian government, has faced significant backlash for weeks after it announced a decision to sell its telecom business in Myanmar to a notorious …
Foreign firms in Myanmar face tough choices after coup
Japan beer giant Kirin became on Monday the latest foreign company to announce it was leaving Myanmar in the wake of a coup last year and a military crackdown on dissent. Investors flocked to the …
Japan brewer Kirin to exit Myanmar, seek sale of two units
The company will now seek to sell two business units in the country, Myanmar Brewery Ltd and Mandalay Brewery Ltd, a spokesperson said. In its withdrawal, Kirin said it “will place importance on …
Japan’s Kirin brewery to withdraw from Myanmar
Japanese drinks giant Kirin said Monday it would withdraw from Myanmar, after a failed bid to disentangle its operations from a joint venture with a junta-owned company after last year’s coup. With …
Japan’s Kirin to withdraw from its Myanmar brewery venture
Kirin said it was recording an impairment loss for 2021 on its business in Myanmar of 68 billion yen ($580 million). It is one of the few Japanese companies that have signaled they will leave the …
Myanmar activists oppose sale of Telenor telecom to military-linked firm
We have not been presented with any human rights or corruption due diligence regarding the disposal of their Myanmar business. In January, 168 groups sent a letter to the government of Norway, which …