SINGAPORE - The military takeover with the imposition of a year-long state of emergency in Myanmar has created uncertainties for Singapore-linked businesses there. Most are adopting a wait-and-see approach to the political developments and possible threat of sanctions by other nations.
Singapore has been the largest foreign investor in Myanmar in recent years, beating China with a cumulative investment of over US$20 billion (S$26.7 billion) as of 2020, according to Myanmar's Directorate of Investment and Company Administration.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you