Leave, suspend, or stay: the choices of foreign investors in Myanmar

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Foreign investors face difficult choices about operating in Myanmar after the February military coup.

Activists have heaped pressure on multinationals to pull out of Myanmar as the death toll from the military crackdown nears 900 and some 200,000 have been forced to flee their homes, according to the UN, which has accused the military junta of committing crimes against humanity.

Myanmar factories became suppliers of many popular clothing brands over the past decade, but groups like Italy's Benetton stopped placing new orders. French energy giant EDF announced the suspension of its activities in Myanmar where it is involved in a $1.5-billion project to build a hydroelectric dam, Shweli-3, alongside consortium partners, Marubeni of Japan and Ayeyar Hinthar of Myanmar.

Japanese brewer Kirin has said it would cut business ties with the military with which it operates two local breweries, accusing the junta of acting"in contradiction" to its principles on human rights.

 

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