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DealStreetAsia

Investors slam on brakes in Myanmar in wake of coup

Country 'untouchable' during state of emergency, says venture capitalist

Soldiers stand at a checkpoint on a road leading to the parliamentary compound in Naypyitaw on Feb. 1.   © Reuters

HANOI -- Investors who were beginning to show interest in the frontier market of Myanmar were thrown off course by the abrupt detention of the country's civilian leaders, including State Councilor Aung San Suu Kyi, on Monday.

"The country will be untouchable for foreign investors for at least the year of the state of emergency," said early-stage investor Seed Myanmar's chief operations officer and general counsel, Field Pickering.

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