Some Myanmar firms see better prospects for business in uncertain economy

The pickup in business in Myanmar comes at a time when the military government's focus is on economic recovery. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Some Singapore-listed companies operating in Myanmar say they are seeing an uptick in domestic demand, after the economy was battered by political turmoil and the pandemic this year.

Yoma Strategic is reporting that local demand at its food and beverage (F&B), real estate and mobile money divisions is rising. Meanwhile Thai Beverage says that sales of its alcohol beverages have improved in recent months.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.