Experts say the EU's new sanctions against Myanmar raise questions over a contradiction in policy, which calls on ASEAN to take the lead in mediation. There is also concern over how effective the sanctions will be.
Few military officers have shown as much greed as Snr-Gen Min Aung Hlaing, and there is little doubt he is clinging to power to protect his economic interests.
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.
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