In THe NEws

A prominent Singapore businessman has said he will exit his investment in a tobacco firm linked to the Myanmar military, after the army deposed the country’s democratically elected government in a coup last week.

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Razer co-founder and director Lim Kaling is selling his one third stake in a JV that owns RMH Singapore, a Singapore-based tobacco company which in turn owns 49 per cent of Virginia Tobacco Co Ltd, the military-linked market leader in Myanmar's tobacco market.

Singapore gaming company Razer’s co-founder and director Lim Kaling said on Tuesday (Feb 9) that he will exit his investment in a tobacco firm in Myanmar after the military coup there caused him “grave concern".

Singaporean Withdraws From Myanmar Military-Linked Tobacco Venture. A week on, the military coup is exacting an increasingly steep economic cost.

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Senior General Min Aung Hlaing’s coup was supposedly for upholding the integrity of Myanmar’s electoral process, but Justice for Myanmar posits that his motivation lies on preserving his financial interests as head of the military’s economic conglomerates and the business interests of his family.

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L’Europe défile à toute vitesse. Assis près de la vitre, Min Aung Hlaing regarde le paysage fuyant du train Bruxelles-Anvers, engoncé dans son écharpe et son manteau. Le froid est assassin en cette soirée du 8 novembre 2016.

Als Reaktion auf den Militärputsch im Myanmar vor einer Woche will Japans größter Bierbrauer Kirin seine zwei Gemeinschaftsunternehmen mit den dortigen Streitkräften möglichst schnell beenden.

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#HearOurVoices! @Razer board member Lim Kaling is in biz w/#Myanmar military, financing #MyanmarCoup + crushing hopes.Pls sign + share our petition + give #Razer an ultimatum: Either Lim Kaling ends biz w/Myanmar military or kick him off Razer's board - http://ow.ly/Uv0M50DtpgZ

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An Indian technology company co-founded by Rishi Sunak’s billionaire father-in-law is under fire for maintaining business ties with Burma’s generals after they overthrew Aung San Suu Kyi in a coup.

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Kirin Holdings Company Limited, a Japan-based beer manufacturer, has severed ties with Myanmar government-run Economic Holdings Public Company Limited following the evolving situation of military takeover.

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