Singapore companies in Myanmar, Thailand largely unaffected by earthquake

Companies in Singapore Operating in Myanmar and Thailand Remain Unaffected by Severe Earthquake

Operations Not Disrupted

Companies from Singapore that operate in Myanmar and Thailand, such as United Overseas Bank (UOB) and Frasers Property, have reported that their operations have been largely unaffected by the severe earthquake that struck the region on Friday.

Earthquake’s Impact on Thailand

The earthquake, which had its epicentre close to the city of Mandalay in Myanmar, was one of the strongest in the South-east Asian nation in a century. Shocks were also felt in parts of neighbouring Thailand, and caused a skyscraper under construction in Bangkok to collapse.

UOB’s Response

UOB, which operates in Thailand, confirmed that its core premises, including its headquarters UOB Plaza Bangkok, were structurally safe. The bank also reported that its branches and contact centres resumed operations on Saturday, with two branches that were temporarily closed for additional checks set to reopen by March 31.

Frasers Property’s Response

Frasers Property, which owns and operates hospitality and commercial assets in Bangkok, reported that all its employees in Bangkok are safe. The company is closely monitoring the aftermath of the earthquake in Myanmar and its impact on Thailand.

Other Companies’ Response

Law firm Rajah and Tann, which has offices in Bangkok and Yangon, reported that all its staff were evacuated safely on Friday. Myanmar conglomerate Yoma Strategic reported that all its staff are safe and accounted for, with only a few reporting minor injuries.

Consequences of the Earthquake

At least 1,700 people have been killed and 3,400 injured in Myanmar, while at least 18 people were killed and 33 injured in Bangkok, Thai officials said. Some 78 people remain missing, with most believed to be trapped under the collapsed building.

Conclusion

The severe earthquake that struck Myanmar and Thailand has had a significant impact on the region, resulting in numerous casualties and damage to infrastructure. However, companies from Singapore that operate in the region, such as UOB and Frasers Property, have reported that their operations have been largely unaffected by the earthquake.

FAQs

Q: What is the current situation in Myanmar?
A: At least 1,700 people have been killed and 3,400 injured in Myanmar.

Q: What is the current situation in Thailand?
A: At least 18 people were killed and 33 injured in Bangkok, with some 78 people remaining missing.

Q: How have companies in Singapore been affected by the earthquake?
A: Companies from Singapore that operate in Myanmar and Thailand, such as UOB and Frasers Property, have reported that their operations have been largely unaffected by the earthquake.

Q: What measures are being taken to support affected employees?
A: UOB has implemented a staff assistance program to support affected colleagues, while Frasers Property is closely monitoring the aftermath of the earthquake in Myanmar and its impact on Thailand.