Intl banks asked to suspend investments linked to Myanmar junta 2 minutes read
Bangkok, May 27 (EFE).- Non-Governmental Organizations Justice for Myanmar and BankTrack called on more than 30 international banks Thursday to cancel or suspend investments in companies with connections to Myanmar’s military junta.
In a report, they said financial institutions, mainly large groups such as Mitsubishi UFJ, Sumitomo Mitsui, JPMorgan Chase, UBS and Credit Suisse, add more than $ 35 billion in investments in companies with ties or under the direct control of Myanmar’s army.
“The international banks we have highlighted have clear human rights responsibilities. The military’s ruthless campaign of terror is made possible by their economic interests and the banks play a crucial role,” Yadanar Maung, spokesman for Justice for Myanmar, said in a statement.
May 24, 2021
published at 3:30 AMReuters
Myanmar s junta chief Senior General Min Aung Hlaing, who ousted the elected government in a coup on February 1, presides an army parade on Armed Forces Day in Naypyitaw, Myanmar, on March 27, 2021.
Reuters
Myanmar’s military chief Min Aung Hlaing said deposed leader Aung San Suu Kyi was healthy at home and would appear in court in a few days, in his first interview since overthrowing her in a Feb 1 coup.
The coup has plunged the Southeast Asian country into chaos and one of several ethnic armed groups opposed to the ruling junta advanced to attack a military post in a northwestern jade-mining town on Saturday, local media said.
Myanmar s Aung San Suu Kyi । appears in court । person for first time since coup | तख्तापलट के 3 महीने बाद पहली बार कोर्ट जाने की इजाजत मिली, सेना ने अलग से रास्ता बनाकर पहुंचाया bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.
Myanmar’s Generals Aren’t Going Anywhere
As sanctions are reimposed, the country’s old business elite is slowly clawing back the ground lost during a decade of reform.
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May 03, 2021
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Even with swelling protests and mounting international pressure, Myanmar’s new military junta isn’t going anywhere. The generals that seized power on February 1 are from the same group that ruled Myanmar between 1962 and 2010 and as the screws tighten, they are re-visiting the system that kept them in power under their prior incarnation, the State Peace and Development Council (SPDC) junta.
Myanmar’s economy is expected to contract by over 20 percent because of the coup, but Myanmar has been here before. Under the SPDC, Myanmar appeared from the outside crippled by sanctions and wracked by ethnic civil war. Store shelves were often bare and the streets free from cars. For many observers, SPDC Myanmar was a failed state.
Richard Ip April 28, 2021 09:19
Dr Sasa, the exiled special envoy of Myanmar’s disbanded parliament, recently urged Western countries to coordinate their punitive actions against the military junta who staged a coup against the democratically elected government, and who have violently repressed the mass protests. Sasa’s petition came as the United Nations Security Council failed to reach a consensus on punishing the junta, due to oppositions from China and Russia.
Myanmar is not the only country where dictators have benefited from support from China and Russia. Other “rogue” regimes such as Venezuela, Syria, Iran and Belarus are also beholden to China and Russia for their survival from political crises and crunching international sanctions.