Asia Times regrets that certain financial institutions continue to finance companies linked to the Burmese army, which is accused of genocide by the United Nations.
The Burmese transition, after fifty years of military rule, is gradually taking place, writes Asia Times. Despite the dissolution of the junta in 2010, the army, known as “Tatmadaw”, retains significant political and economic power. A quarter of the seats in Parliament are reserved for military personnel.
Certainly, since the gradual return to democratic rule, Aung San Suu Kyi and his party, the National League for Democracy, have twice won the legislative elections, in 2015 and 2020, underlining the wish of the majority of Burmese to turn your back on the army.
But the latter, notes the site, controls several conglomerates with essential economic power. Groups that have thrived for years through corruption and nepotism. Asia Times recalls that, even if the international economic sanctions imposed during the junta have been lifted, the United Nations recommends avoiding trade relations with the army.
Some foreign companies ignore such
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