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Military Coup in Myanmar

myanmar coup
myanmar coup

Myanmar’s President Win Myint, de facto leader Aung San Suu Kyi and several high-profile officials have been detained.

The reported detentions of high-ranking officials came as the civilian government of Suu Kyi has been increasingly at odds with the powerful military, alleging fraud in the county’s November general elections that Suu Kyi’s governing party said it won in a landslide.

The newly-elected bicameral legislature, where the Suu Kyi-led NDL secured 396 seats out of 476, was to convene on Monday for the first time. During its inaugural session, the lawmakers were set to elect the new president and the vice presidents for the next five-year period. The result of the November vote dealt a blow to the military-backed Union Solidarity and Development Party, which had to contend with 33 seats.

There have been mounting concerns that the army could move to oust Suu Kyi out of power. The fears have been fueled by the recent statements from the military, known as the Tatmadaw, indicating they are not planning to give up on their election claims.

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.