BANGKOK—
A modern consumer culture took hold, with glitzy shopping malls in the biggest city, Yangon, and use of Facebook and cellphones the new normal. The army takeover brought thousands into the streets in peaceful protests that were suppressed with lethal force.The army arrested Suu Kyi and top members of her governing National League for Democracy party, which had won a landslide victory for a second term in a November 2020 general election.
Suu Kyi’s supporters and independent analysts say the numerous charges against her and her allies were an attempt to legitimize the military’s seizure of power while eliminating her from politics before an election promised for later this year. While the military is responsible for massive use of violence throughout the country, militants in the opposition have carried out bombings and assassinations of military officials and their supporters. Min Aung Hlaing on Tuesday accused opponents of army rule of trying to take power with “wrongful forcible means.”
Despite stringent foreign exchange controls and uncertainty over rules and regulations under army rule, some businesses are finding ways to operate by using informal payments and trade channels. The reopening of Myanmar’s trade routes with China also has helped.The way out of the crisis remains unclear.
Source: News Formal (newsformal.com)
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