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Myanmar Crisis

Peninsula Hotels suspends $130m Yangon project for a year

Hong Kong company and Myanmar partner SPA 'committed' to resuming construction

The Peninsula Yangon involves the redevelopment, seen here in 2018, of the former colonial-style downtown headquarters of Myanmar Railway Co. (Photo by Takaki Kashiwabara)

HONG KONG -- Hongkong and Shanghai Hotels, operator of the upmarket Peninsula chain, said Friday that it will suspend construction on its planned $130 million Yangon property for a year.

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