Haunted by sanctions, Myanmar businesses fear grim future under military

Long queues formed at ATMs in Yangon banks as people rushed to secure their savings. - Reuters

YANGON (Reuters): Businesses in Myanmar are bracing themselves for a grim economic fallout from Monday's (Feb 1) coup, which has stirred memories of the dark days of military rule and international isolation that stifled the country's development.

Businesses in the biggest city, Yangon, were already struggling from the coronavirus epidemic and say the military's ousting of Ms Aung San Suu Kyi's elected government might be the final blow to their hopes of recovery.