Myanmar’s military junta expects investments from Asian countries to continue despite growing condemnation over its coup last month and the violent suppression of ensuing pro-democracy protests.
While the U.S. and its partners are taking actions such as sanctions against the military, and some regional companies have scaled back operations, Asian neighbors largely have refrained from turning away from the country and the current leadership sees long-term regional partners staying engaged.
"Given the situation, we expect traditional investors will continue to do business here,” Aung Naing Oo, Union Minister for Investment and Foreign Economic Relations, said in a telephone interview. "Their respective governments do not tell their companies not to invest or do business in Myanmar, so we expect investors from these countries will continue to come here.”