Myanmar coup may see investors exit; currency may weaken: analysts

Phone and Internet connections disrupted after the military seized power; Yoma among Singapore listcos affected

Uma Devi

Published Tue, Feb 2, 2021 · 05:50 AM

Singapore

POLITICAL unrest in Myanmar could spell trouble for Singapore-listed companies with a presence there, as the country's business environment takes a turn for the worse.

"With political stability being upended, the business environment is likely to turn for the worse," said Phillip Securities analyst Tan Hui Jie. "Investors might flock from the country, and its currency may also weaken - which can negatively impact companies with presence in Myanmar."

Amid the chaos following the military's seizing of power, phone an…