Aeon presses pause on Myanmar mall project

The political turmoil in Myanmar is having a growing impact on Japanese companies operating in the country. Major retailer Aeon has decided to postpone work on a new shopping mall there.

Aeon intends to develop the facility in the outskirts of Yangon together with a local firm. It had planned to start construction by around the summer of this year.

Sources say Aeon hasn't decided on a new schedule but has no intention of cancelling the project, as it sees considerable growth potential in Myanmar.

The decision comes as Myanmar's military continues a crackdown on anti-coup protests after it seized power in February.

Aeon has already brought two employees involved in the project back to Japan.