Boycotts sting Myanmar’s money-minded junta

Posted By : Telegraf
11 Min Read

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YANGON – Myanmar’s anti-coup Civil Disobedience Movement (CDM) is aiming at the junta’s economic lifelines through fast-spreading consumer boycotts and public shaming campaigns of brands and businesses associated with the military coup makers.

The aim of the boycotts, protesters say, is to hit the army’s finances by hurting the revenues of its associated businesses, not least the military-run Myanmar Economic Holdings Limited (MEHL) and Myanmar Economic Corporation (MEC).

Protesters hope the combination of economic pressure, civil disobedience and protests will bring down army chief Senior General Min Aung Hlaing’s coup regime, cause a split inside the military or eventually force the generals to negotiate with the toppled, democratically-elected National League for Democracy (NLD) government.  

The military’s commercial interests reach far and wide through Myanmar’s economy, with businesses in retail, entertainment, media, beauty products, food and beverages, hotels, construction, oil and gas, banking, agriculture, telecommunications, among others. Many of these business holdings are run through MEHL and MEC.  

In mid-February, the Biden administration sanctioned military generals associated with the coup and their junta regime, as well as military-owned and affiliated companies including those owned by the regime leader’s children.

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