Business revolt brewing in coup-crippled Myanmar

Sub-title: 

Western trade groups spurn coup regime's advances but nation's top business organization continues to engage the generals

Description: 

"Myanmar businesses are divided over how to respond to the new regime, even as the junta’s attempts to win legitimacy among investors have been rebuffed by major foreign business groups. Western business groups, namely European, American, British, Italian and French chambers of commerce, rejected the regime’s invitation to meet on March 4. At the same time, major Asian business groups such as the Thai, Hong Kong, Japanese and Chinese have not released any statements of concern since the coup and lethal crackdown on protesters. The Western chambers’ refusal comes at a time of widespread and rising condemnation against the regime’s brutal crackdown on unarmed protesting civilians, with more than 50 killed as of March 3, according to the Assistance Association for Political Prisoners (AAPP), an independent monitoring group. Australian business group AustCham Myanmar said on Wednesday it has “serious concern over the increasing use of violence against the people campaigning for a return to democratic Government in Myanmar.” Yangon, the commercial capital, saw at least up to 32 killed in North Okkalapa township alone, in the eastern part, with witnesses saying they heard what sounded like continuous machine gun fire. Photos in Mandalay have shown fighter jets in the sky, which many citizens assume is to strike fear. Live ammunition was used in seven cities on Wednesday including Yangon, Mandalay, Myingyan, Mawlamyine, Monywa, Pyin Oo Lwin and Hpakant, said AAPP. “Myanmar will never be the same again,” Cardinal Charles Bo, the Catholic Church’s highest prelate in Myanmar, tweeted in response to the Wednesday massacre..."

Creator/author: 

Dominic oo

Source/publisher: 

"Asia Times" (Hong Kong)

Date of Publication: 

2021-03-06

Date of entry: 

2021-03-07

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, Global

Language: 

English

Resource Type: 

text

Text quality: 

    • Good