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Myanmar Crisis

Kirin makes painful decision to exit Myanmar over human rights

Japanese Brewer posts 16.9% profit drop as it faces losing lucrative beer market

Kirin had hoped to continue its beer business in Myanmar after the dissolution of the joint venture but it was not able to do so. (Source photo by Yoichi Iwata)

TOKYO -- Japanese beverage company Kirin Holdings is set to exit its Myanmar operations after it concluded there is no hope of resolving a dispute with its military-backed partner a year after a military takeover plunged the Southeast Asian nation into turmoil, the company announced Monday.

"Very disappointing. There is a feeling that the [beer] brand has been strengthened up until now. But I can't help it," Yoshinori Isozaki, Kirin's president and chief executive told reporters on Monday after the company announced its decision to leave Myanmar, confirming an earlier Nikkei report on the matter.

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