In the latest setback to the infrastructure plan, New Delhi has scrapped its contract with a JV that was to build a road through Chin State to the border with Mizoram.
Kirin this week quit a brewing joint venture with a military-owned firm, citing economic and human rights concerns; the junta said it would be ‘easy to substitute’.
The move follows months of wrangling after last February’s coup, which prompted the brewer to seek to end its joint venture with a military-linked company.
Nilar Yoma Gems Co. Ltd. once engaged in jade mining with military-owned MEHL in Sagaing Region but had been inactive for several years.
The beverage giant says military conglomerate MEHL rejected its plan for ending their brewing venture and was attempting to liquidate it in violation of their agreement.
The beverage giant said sales at Myanmar Brewery, which is currently the target of an anti-regime boycott, plummeted by nearly 50 percent on-year in Q3.
Ex-naval officer U Thein Aung was shot dead on Thursday. He was chief financial officer at the telecom joint venture between the military and Vietnam’s Defense Ministry.