Myanmar leader Suu Kyi detained, says party spokesperson

Sule Pagoda, Yangon, Myanmar. Photo: Harish Shivaraman/Unsplash

Myanmar’s Aung San Suu Kyi and other top leaders have been detained in an early-morning raid in an apparent “coup,” her party’s spokesperson Myo Nyunt said, a move that came after the country’s military disputed its landslide win in a November election.

Ever since Suu Kyi’s party won a landslide victory in a Nov. 8 poll, only the second general election after decades of army rule, the military and its political factions have demanded authorities investigate its allegations of mass voting fraud. Myanmar’s election commission last week had labeled the vote transparent and fair, and the U.S., United Nations and the European Union urged the military to respect the results.

Top military leaders had hinted at seizing power, even while saying they pledged to work in accordance with the law. In a statement on Sunday, Myanmar’s military — known as the Tatmadaw — denied objecting to the outcome of the election and said it “finds the process of the 2020 election unacceptable.”

Myanmar’s military had retained wide powers under the constitution even after a shift to democracy a decade ago, which prompted the U.S. and European Union to lift sanctions on the Southeast Asian country. But initial optimism that sparked a wave of interest from foreign investors quickly dissipated due to a violent crackdown against Muslim Rohingyas that prompted accusations of “genocide” against Suu Kyi’s government.

The treatment of the Rohingyas has tainted the international image of Suu Kyi, who had won the Nobel Peace Prize while under house arrest during a military regime that effectively cut Myanmar off from the world.

In November’s election, Suu Kyi’s NLD won 396 seats in the national assembly, more than the 322 needed to form a government. Turnout was an estimated 70% of the nation’s 37.3 million people eligible to vote. The ruling party has also won 524 seats in elections held to state and regional parliaments, official data showed.

Bloomberg

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.