Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Myanmar military guarantees new election; protesters block train services

Published 02/15/2021, 08:04 PM
Updated 02/16/2021, 05:47 AM
© Reuters. Protest against the military coup, in Naypyitaw

(Reuters) - Myanmar's military junta guaranteed on Tuesday that it would hold an election and hand over power, denied its ouster of an elected government was a coup or that its leaders were detained, and accused protesters of violence and intimidation.

The junta's justification of its Feb. 1 seizure of power and arrest of government leader Aung San Suu Kyi and others came as protesters again took to the streets and after a U.N. envoy warned the army of "severe consequences" for any harsh response to the demonstrations.

"Our objective is to hold an election and hand power to the winning party," Brigadier General Zaw Min Tun, spokesman for the ruling council, told the junta's first news conference since overthrowing Suu Kyi's government.

The military has not given a date for a new election but it has imposed a state of emergency for one year. Zaw Min Tun said the military would not hold power for long.

"We guarantee ... that the election will be held," he told the nearly two-hour news conference, which the military broadcast from the capital, Naypyitaw, live over Facebook (NASDAQ:FB), a platform it has banned.

Asked about the detention of Nobel prize winner Suu Kyi and the president, Zaw Min Tun dismissed the suggestion they were in detention, saying they were in their homes for their security while the law took its course.

He also said Myanmar's foreign policy would not change, it remained open for business and deals would be upheld.

The military will be hoping its reassurances will dampen the campaign of daily opposition to its rule and to the ousting Suu Kyi and her government.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

As well as the demonstrations in towns and cities across the ethnically diverse country, a civil disobedience movement has brought strikes that are crippling many functions of government.

The unrest has revived memories of bloody outbreaks of opposition to almost half a century of direct army rule that ended in 2011 when the military began a process of withdrawing from civilian politics.

But violence has been limited this time though police have opened fire several times, mostly with rubber bullets, to disperse protesters.

A woman who was shot in the head in Naypyitaw last week is not expected to survive. Zaw Min Tun said a policeman had died of injuries sustained during a protest.

He said the protests were starting violence while the campaign of civil disobedience amounted to the illegal intimidation of civil servants, and warned that the military's repsonse would be within the law.

"We will wait patiently. After that, we will take action according to the law," Zaw Min Tun said.

The army has given itself extensive search and detention powers and has published penal code amendments aimed at stifling dissent with tough prison terms.

TRAIN BLOCKED

On Tuesday, protesters milled onto a sun-baked stretch of railway track waving placards in support of the disobedience movement and blocking train services between Yangon and the southern city of Mawlamyine.

"Release our leaders immediately," and "People's power, give it back," the crowd chanted in live images broadcast by media.

Crowds also gathered in two places in the main city of Yangon - at a traditional protest site near the main university campus and at the central bank, where protesters called for staff to join the civil disobedience movement.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

About 30 Buddhist monks protested against the coup with prayers in Yangon, while hundreds of protesters marched through the west coast town of Thandwe.

The army took power alleging that its complaints of fraud in a Nov. 8 general election, in which Suu Kyi's National League for Democracy party had won a landslide, were being ignored.

The electoral commission had dismissed the army's complaints.

Suu Kyi, 75, spent nearly 15 years under house arrest for her efforts to end military rule.

She faces charges of illegally importing six walkie-talkie radios and is being held on remand until Wednesday. Her lawyer said on Tuesday police had filed a second charge of violating a Natural Disaster Management Law.

The coup has prompted an angry response from Western countries and the United States has already set some sanctions against the ruling generals.

Zaw Min Tun said sanctions were expected, but later said the junta would maintain friendship with the international community, which had recognised the new leadership.

U.N. Special Envoy Christine Schraner Burgener spoke on Monday to the deputy head of the junta in what has become a rare channel of communication between the army and the outside world, urging restraint and the restoration of communications.

"Ms Schraner Burgener has reinforced that the right of peaceful assembly must fully be respected and that demonstrators are not subjected to reprisals," U.N. spokesman Farhan Haq said at the United Nations.

"She has conveyed to the Myanmar military that the world is watching closely, and any form of heavy-handed response is likely to have severe consequences."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.