Myanmar: Hope Lies In Tatters
SME Magazine Singapore|Issue 13, 2021
Before it all changed, Myanmar was seen as Southeast Asia’s last great frontier. With a young, vibrant population of 57 million Myanmar was tapped to be a future leader among emerging economies.

Indeed, that was what nearly happened In 2011, the military government announced that it would liberalise the economy and create a “discipline-flourishing democracy”. Foreign investment poured into the country, growing to a peak of US$38 billion in 2016.

But on 1 February 2021, the military staged a coup d’etat, citing irregularities in the most recent elections held in late 2020. It has declared a state of emergency for one year and began closing the borders, restricting travel and electronic communications nationwide.

By the second day of the coup, thousands of protesters were marching in the streets of Yangon. Other protests erupted nationwide, largely halting commerce and transportation. Despite the military’s arrests and killings of protesters, the first weeks of the coup found growing public participation, including groups of civil servants, teachers, students, workers, monks and religious leaders.

FOREIGN FIRMS RATTLED

Shortly after the military seized power, 55 foreign investors in Myanmar from Coca Cola to Facebook signed a statement committing to the country and employees there during developments of “deep concern”.

Two months on, those pledges are being sorely tested with Myanmar’s economy all but paralysed by massive anti-coup protests, widespread strikes and the junta’s killing of dozens of protesters drawing calls for boycotts and sanctions.

A sudden about-turn from Australia’s Woodside Petroleum, one of the signatories to the statement, exemplifies the challenges. It said it was reducing its presence in the country amid concerns about violence and would pull its offshore exploration team – just one week after saying drilling would not be affected.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM SME MAGAZINE SINGAPOREView All

MAKING 3D WORK IN SPACES

Whether we see a product on social media, in a magazine, or even on TV, chances are that its in 2D. You won’t be able to visualise the product in its entirety.

2 mins read
SME Magazine Singapore
Issue 14, 2021

WHERE WOULD YOU WORK?

SINGAPORE PLACES AMONG THE TOP 10 GLOBAL WORK DESTINATIONS FOR THE FIRST TIME

3 mins read
SME Magazine Singapore
Issue 11, 2021

SUPERCHARGING THE FOOD MANUFACTURING SECTOR

About 1,000 food manufacturers and 50,500 workers can take advantage of the Food Manufacturing Industry Digital Plan (IDP) launched by Ms Low Yen Ling, Minister of State for Trade and Industry.

2 mins read
SME Magazine Singapore
Issue 14, 2021

Best Cities In Southeast Asia For Start-Ups

Southeast Asia is a patchwork of different cultures and countries. But the region shares many characteristics across borders that make it such an exciting place to be – high rates of literacy, governments committed to lifting living standards, and hunger for entrepreneurship.

3 mins read
SME Magazine Singapore
Issue 11, 2021

How Not To Fall Prey To Fake Covid-19 Certs

While the global roll-out of COVID-19 vaccinations continues to accelerate, it’s worth remembering that only around 1% of the world’s population have received their full course of injections. But plans are being made internationally to allow those that have been vaccinated or can prove they have had a recent negative test, the freedom to travel to other countries, attend large-scale events, take a new job, and more.

3 mins read
SME Magazine Singapore
Issue 11, 2021

Is The Customer Always Right?

Is the customer always right?

1 min read
SME Magazine Singapore
Issue 11, 2021

Salespeople Are Not Mind Readers

We, as most businesses, put a lot of work into making it easy for you to find us when you are in need of our services, and rejoice when you contact us. We are ready to help you – but alas, we are not mind readers.

2 mins read
SME Magazine Singapore
Issue 14, 2021

America's Audacious Plan To Rescue The Economy

Last month, the United States Congress signed off on a US$1.9 trillion pandemic relief plan that will have far-reaching effects on millions of Americans, as well as shake up the world economy.

4 mins read
SME Magazine Singapore
Issue 14, 2021

Down But Not Out: Can Tourism Make A Comeback?

The tourism sector is used to cyclical downturns. When the economy suffers, the first item that people cut is leisure travel. But 2020 was a downturn like no other. With international travel virtually halted, tourism-related businesses have suffered their worst year on record.

4 mins read
SME Magazine Singapore
Issue 14, 2021

Integrating The ‘Smart' Into Buildings

As buildings become smarter, the range of subsystems needed to perform its ‘smart’ functions becomes more and more extensive. Increasingly, these are known as ELV (Extra Low Voltage) system technologies.

2 mins read
SME Magazine Singapore
Issue 13, 2021
RELATED STORIES

DIGITAL SIEGE: INTERNET CUTS BECOME FAVORED TOOL OF REGIMES

When army generals in Myanmar staged a coup last week, they briefly cut internet access in an apparent attempt to stymie protests. In Uganda, residents couldn’t use Facebook, Twitter and other social media for weeks after a recent election. And in Ethiopia’s northern Tigray region, the internet has been down for months amid a wider conflict.

4 mins read
Techlife News
Techlife News #485

When the Signal Goes Out

Government-ordered internet shutdowns are becoming more frequent

3 mins read
Bloomberg Businessweek
February 15 - 22, 2021

Golden Land

Thanaka Color Myanmar, formerly known as Burma, is a mystical country centered among Southeast Asia's more common destinations, yet still remaining relatively unknown. After many years of isolation, Myanmar has only recently opened up to the outside world. The magnificent land is also known as the Golden Land.

5 mins read
Lens Magazine
November 2020

Kids can serve their world

Shaun McKinley International Children’s Ministries Director CHILDREN’S MINISTRIES

3 mins read
White Wing Messenger
September 2020

Revelations Within Myanmar Amber And Meteor Showers

Golden-hued amber is often used in the jewelry business to craft wonderful treasures in the forms of earrings, necklaces, bracelets, and rings.

3 mins read
Rock&Gem Magazine
February 2020

Top Destinations Around The World For Wine Lovers

Destinations around the world woo wine lovers with tastings, tours and vinotherapy.

5 mins read
Global Traveler
August 2018

Bangladesh Has A Lot To Prove

With her nation newly behind her, Prime Minister Sheikh Hasina is looking abroad for new opportunities.

7 mins read
The Global Intelligence
Summer 2015

IN THIS AGE OF JOURNALISTIC SPIN-DOCTORS WITH FANCY NAME-CARDS

The medium is the message, Canadian Marshal McLuhan wrote in 1964. That was when the medium was not as complicated. You had print, radio and TV. That was about it.

3 mins read
Daily Mirror - Sri Lanka
May 05, 2021

Shelter Across the Border

Mizoram has been taking in refugees who have fled Myanmar after the coup in February

2 mins read
Eclectic Northeast
April 2021

G7 Foreign Ministers condemn violence against Myanmar protestors

The Foreign Ministers of Canada, France, Germany, Italy, Japan, the UK, and the US, and the High Representative of the European Union have firmly condemned violence by Myanmar's security forces against peaceful protests.

1 min read
GK Latest
March 2021