Myanmar is Geopolitical and Investment Hotspot
Posted on 05/04/2023
Myanmar’s military has been seeking to take over the government since 2021, and has released 2,100 political prisoners. Early reports indicate they have been losing ground. However, it is not clear if it will be enough for the country to earn the interest of investment managers, particularly Norges Bank Investment Management. SWFI previously reported that US$ 1.4 trillion Norges Bank Investment Management had denied funding to India’s GAIL and Korea Gas Corporation due to concerns that they were linked to the Myanmar military. Kirin Holdings was placed on watch until it divested from Myanmar-based assets. Chinese Foreign Minister Qi Gang is on the ground, meeting with military officials in an attempt to wind down the fighting. Should the country return to peace, Myanmar could benefit from its metals, oil, and natural gas reserves. New updates will be posted as events unfold.
