Swiss food giant Nestle will halt all production in Myanmar, a spokesperson said yesterday, according to the AFP News Agency.

Due to the "current economic situation" Nestle's factory in the commercial hub Yangon, as well as its head office, would "cease operations", a spokesperson told AFP, without giving a timeframe.

Nestle sells Nescafe instant coffee, Maggi noodles and Milo chocolate malt beverage in Myanmar.

A Myanmar firm would instead market and distribute Nestle products from Thailand, Malaysia and the Philippines, the spokesperson said.

"We will do all we can to support everyone affected by this decision," they added.

The spokesperson said there were 138 employees at Nestle's Myanmar factory and head office.