The businessmen have criticized the military council’s ban on paid access to information about local and foreign companies in Myanmar as a safeguard against new cronies.
The military council has banned access to the website of the Directorate of Investment and Business Administration (DICA), which provides paid access to comprehensive data on business operations in Myanmar, since September 26 .
Previously, if you purchased a copy of the company register by depositing 10,000 kyat at DICA, you could find out the shareholders of the company, their holding amounts and the date of birth of key people, as well as their passport numbers. they are foreigners. nationals.
Also, if you spend 20,000 kyat, you can learn about a company’s history.
A journalist commented that he is going back to the dark ages and that restricting access to this information may be aimed at preventing new buddies.
Analysts believe the military council blocked the website due to a public boycott after reports surfaced of companies linked to military generals who have committed human rights abuses and war crimes on social media since the coup.
Major General Moe Myint Tun, lieutenant general and current chairman of the Myanmar Investment Commission, has established family businesses and is authorized to offer departmental tenders.
The Myanmar Center for Responsible Business (MCRB) was recently founded by the military council, but former British ambassador Vicky Bowman, who is trying to boost transparency in the economy, and her husband, artist Htein Lin, have been imprisoned for unfounded reasons.
In addition, well-known businessmen in the country have been arrested and detained by the military council this year, so the businessmen who took advantage of the situation are doing business with the military council, and the authorities are trying to hide information from these companies.