July 16, 2024

Following the military coup in Myanmar, political instability has led to an exodus of Thai investments worth approximately $7 billion, according to Thai news sources. This significant withdrawal underscores the impact of the current political climate on foreign investments.

Data from Myanmar’s Directorate of Investment and Company Administration shows that Thailand was the third-largest investor in Myanmar, with over $11 billion invested across 155 projects. However, since the coup, 50 Thai investment projects have pulled out, reducing the total Thai investment value to $4.5 billion and the number of active projects to 105.

The instability in Myanmar has prompted Thai companies listed on the Stock Exchange of Thailand to retreat from their operations in the country. This shift reflects broader concerns over the volatile environment and the challenges of maintaining business operations under the current regime.

The withdrawal of Thai investments is a significant indicator of the broader economic impact of Myanmar’s political situation, highlighting the difficulties faced by foreign investors and the potential long-term consequences for the country’s economic landscape.