US warns firms over doing business in Myanmar


Demonstrators protest against the military coup and demand the release of elected leader Aung San Suu Kyi, in Yangon, Myanmar, Feb 6, 2021. - Reuters

WASHINGTON (AFP): The US government warned companies Wednesday (Jan 26) to be extremely wary of doing business in Myanmar, citing the risks of being linked to a military government involved in lawlessness and human rights abuse.

Those involved with businesses controlled by the military regime "run the risk of engaging in conduct that may expose them to significant reputational, financial, and legal risks," including breaking sanctions and money-laundering laws, according to a statement from six cabinet-level departments.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Japan town to block Mount Fuji view from troublesome tourists
Shein falls under tough EU online content rules as user numbers jump
Asean News Headlines at 10pm on Friday (April 26, 2024)
Indian election resumes as heatwave hits voters
In an unsettled world, important for Singapore to double down on ties with its neighbours, says foreign minister
Jokowi and Lee to attend leaders' retreat to discuss Nusantara development, Singapore PM's last major assignment
Thai govt advises high risk group to stay indoor as heatwave continues to rise and soaring heatstroke cases
French Navy makes debut in annual US-Philippine war games amid South China Sea tensions
Vietnam going through deepening political turbulence after two out of top four politicians in country call it quits
Stop whining, engage and help the people instead, says PM

Others Also Read