Sule Square News Today

Myanmar’s National Unity Government hopes to cut off the military government’s revenue streams to tip the scales in favor of the resistance.

That gives her a total sentence of 33 years, capping a series of politically tinged prosecutions since the army toppled her elected government in February 2021.

According to campaign group Justice for Myanmar (JFM) the International Finance Corporation (IFC) of the World Bank Group is divesting from Myanmar’s Yoma Bank after its business with military companies was exposed.

World Bank’s private sector development arm sells 4.5 percent stake in Myanmar bank and faces pressure to cut its other ties with junta.  

YANGON, 27 May 2021: Tenants of a high-end office block in Yangon that the United Nations said was built on military-owned land have moved out or are reviewing their leases. Prominent first on the move out include McKinsey, Coca-Cola and Reuters, according to the Business and Human Rights Resource Centre. The activist group Justice for Myanmar last month called on commercial tenants of the Sule Square complex of offices and shops in the heart of Myanmar’s commercial hub of Yangon to stop indi...

Can Sanctions Work in Myanmar? Sanctions and mass boycotts have hurt the junta and driven investors away. Could stronger steps actually bring about regime change? May 21, 2021 Anti-coup protesters flash the three-finger salute during a demonstration in Yangon, Myanmar, Friday, May 14, 2021. Credit: AP Photo Advertisement More than 100 days after the February coup in Myanmar, and with no sign of action from a divided U.N. Security Council, international sanctions and b...

BBC that it was “assessing the situation in Myanmar, according to internal policies and procedures”. News agency Reuters said it too was not currently using its Sule Square office and has been reviewing its tenancy. The £88.5m Sule Square complex is based in the city of Yangon where widespread protests and civilian killings have occurred over the last three months. Telecoms Norway’s state-owned telecoms operator Telenor also uses the complex and said it had known the land was military-ow...

People sit on the ground while waiting for hours to withdraw cash from automated teller machines (ATM) at the CB Bank branch at Myanmar Plaza in Yangon, Myanmar, on May 11. (AP Photo) A number of tenants of a high-end office block in Myanmar that the United Nations said is built on military-owned land have moved out or are reviewing their leases, including McKinsey, Coca-Cola and Reuters, the companies said. Activist group Justice for Myanmar last month called on commercial tenants of the Sule ...

UN Panel Calls on Int’l Business Community to Take Stand on Myanmar Junta’s Abuses Burma Anti-coup protesters are seen in downtown Yangon in February. / The Irrawaddy 392 By The Irrawaddy 13 May 2021 UN human rights experts on Wednesday urged international businesses to take a stand against the Myanmar regime’s human rights violations and put pressure on the coup leaders to halt their grave human rights violations across the country. Amid pro-democracy supporters’ calls for urgent act...

Firms quit Myanmar office block with military ties © Getty Images Sule Square in downtown Yangon was the location of a pro-democracy protest in February A high-end office block in Myanmar linked to the countrys military leaders is seeing an exodus of international organisations. Coca-Cola, the World Bank and McKinsey have told the BBC they have moved out or are reviewing their leases at the Sule Square complex in Yangon. The United Nations said the complex was built on land owned by the mi...