ASEAN BUSINESS

Myanmar economy suffers another setback with military coup

Published Mon, Feb 1, 2021 · 09:50 PM

    Bangkok

    MYANMAR'S economy, already teetering from the Covid-19 pandemic, was dealt another body blow by a military coup on Monday.

    The country's military seized power in the capital Naypyidaw on Monday and declared a year-long state of emergency, but there was little immediate impact in Yangon - the country's commercial capital - where it was generally peaceful.