Myanmar funds put investment plans on hold amid bleak macro environment

Myanmar funds put investment plans on hold amid bleak macro environment

Photo by Saw Wunna on Unsplash.

Coup-hit Myanmar, which has seen investment activity from overseas investors come to a virtual standstill, is beginning to see a similar approach adopted by local and regional players.

“The local economy is depressed as it is reliant on international markets for its agricultural produce, garments, tourism, and gas sales, and also on worker remittances,” said Vicky Bowman, director of Myanmar Centre for Responsible Business.

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