One month after Myanmar’s coup, the international community is still struggling to form a cohesive response. But foreign companies working in the country are seeing mounting criticism and questions as activists work to leverage investors’ influence over Myanmar’s economy and military revenues.
The Myanmar military’s political power is tied in part to its web of private enterprises across the energy, mining, banking, telecom and other industries. These military-owned companies have hindered development and are the clearest target for foreign governments and companies as they move to support Myanmar’s growing resistance.
The Myanmar military’s coup is a gluttonous grab for still more power despite the generals’ already entrenched role in the recent civilian governments. The country voted overwhelmingly for another Aung San Suu Kyi government last November and was already struggling under the impacts of COVID-19 and a recent surge in its civil wars.