Military business revenues ‘dwarf’ civilian-owned companies
It’s impossible to fathom the extent and depth of the Tatmadaw’s economic power without first delving into the army’s two holdings: Myanma Economic Holding Limited (MEHL) and Myanmar Economic Corporation (MEC). Both were established in the 1990s when the country was ruled by a previous iron-fisted military junta.
They are run by both active and retired military personnel, operating in the shadows without any independent oversight.
Business interests span gem production and mining, oil and gas extraction, banking, tourism and telecommunications. Dozens of companies across diverse sectors of the economy are owned by the two holdings, many others are affiliated with MEHL and MEC.








You must be logged in to post a comment.