Follow the money: Myanmar coup puts pressure on army businesses

Sub-title: 

Calls are growing for sanctions on the military’s vast business empire after the February 1 coup.

Description: 

"From SIM cards to beer, skydiving and jade mining, there are few areas of Myanmar’s economy that escape the long arm of its military, the Tatmadaw. But after Senior General Min Aung Hlaing led a coup on February 1 that scuppered a 10-year experiment with democracy, campaigners have once again set their sights on the military’s sprawling, and highly lucrative, business interests. Protests in Myanmar amid flurry of Southeast Asian diplomacy Timeline of events in Myanmar since February 1 coup Malaysia deports 1,086 Myanmar nationals despite court order US sanctions two more Myanmar generals after protest crackdown “Min Aung Hlaing led a genocide against the Rohingya and the international response has been almost nothing really,” said Anna Roberts, executive director of the Burma Campaign UK. “He’s probably calculated that there will be a small response, but that it will be a price worth paying.” Aung San Suu Kyi, and other senior members of the National League for Democracy (NLD), which won reelection in a landslide in November’s election, have been detained for more than three weeks with the military making unsubstantiated claims of fraud to justify its power grab. The United States has already announced financial sanctions to prevent the military from tapping into billions of dollars deposited in the US, as well as targeted moves against individual generals including Min Aung Hlaing, adding to the measures imposed after the 2017 crackdown that prompted an exodus of more than 740,000 mostly Muslim Rohingya into neighbouring Bangladesh. On Tuesday, after security forces used force to crack down on peaceful protesters killing two people, Washington added two more generals to its sanctions list..."

Creator/author: 

Kate Mayberry

Source/publisher: 

"Al Jazeera" (Qatar)

Date of Publication: 

2021-02-26

Date of entry: 

2021-02-26

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Resource Type: 

text

Text quality: 

    • Good