BANGKOK (AP) — Businesses are just beginning to reassess their investments in Myanmar after the military seized power, detaining civilian leaders and sparking mass protests. Singaporean tycoon Lim Kaling announced Tuesday he was pulling out of a cigarette joint venture with military-linked Virginia Tobacco Co., the country’s biggest cigarette maker. Last week, Japan’s Kirin Holdings said it would pull out of a brewery joint venture with a major military-linked conglomerate. So far, most companies with major dealings or investments in Myanmar appear to be taking a wait-and-see approach. But the coup and its aftermath may put many into awkward predicaments. Reputational risk for investors already was high due to military abuses of the Rohingya and other ethnic minorities.
