Foreign investments in Myanmar under threat

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(The Myanmar Times)

The country’s foreign direct investments(FDI) may come under threat with at least one major project already put on hold indefinitely due to the current political unrest.

Chief Marketing Officer from the Amata Group Viboon Kromadit told the media on Feb. 2 that the $274 million Yangon Anata Smart and Eco City Project has been suspended indefinitely due to Myanmar’s current forced ” transfer of power”.

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