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

Military-linked foreign businesses hit by double whammy of February takeover and COVID

20210810 kirin beer and Myanmar corona image

As citizens protested the coup, Myanmar Brewery, in which Kirin owns 51%, became the target of a boycott as many restaurants stopped serving the brand. © Reuters

Nikkei staff writers

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.

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