File photo shows a ribbon-cutting ceremony in February 2017 to mark the start of construction to expand the Japanese-backed Thilawa Special Economic Zone near Myanmar’s commercial capital Yangon. / Kyodo
By Kyodo News 11 January 2022
About 70 percent of Japanese companies investing in Myanmar will either maintain or expand their operations in the Southeast Asian country in a year or two despite the severe hit to its economy from last year’s military coup and the coronavirus pandemic, according to a Japan External Trade Organization (JETRO) report.
The report quoted a JETRO survey as saying 52.3 percent will maintain current levels of operations in Myanmar and 13.5 percent will expand them, while 27.5 percent will scale back their business in the country and 6.7 percent will withdraw from the country or move their operations to a third country.
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