Japan's Kirin writes off $193m for Myanmar beer unit

TOKYO -- Overseas businesses with links to the Myanmar military, such as Japan's Kirin Holdings, are reporting losses amid a shaky market outlook exacerbated by the military takeover in February.

Kirin Holdings on Tuesday posted an impairment loss of over 21.4 billion yen ($193 million) in the six months through June on account of its beer production businesses in Myanmar.