Myanmar


13% of Myanmar businesses shut up shop after coup, poll finds

13% of Myanmar businesses shut up shop after coup, poll finds

(ATF) About one in eight companies have stopped doing business since the army staged a coup in Myanmar and detained pro-democracy icon Aung San Suu Kyi and many members of her government over three months ago, a survey revealed on Thursday May 6.A poll of 372 companies in Myanmar by …

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Chinese accused of illegal rare earth mining in northern Myanmar

Chinese plunder rare earth mines in northern Myanmar

(ATF) Environmental groups in the north of Myanmar say a surge of illegal mining for rare earths has occurred in Kachin State close to the Chinese border since the coup on February 1.Activists have complained about a rapid influx of Chinese workers since the country's political turmoil erupted and that …

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UN agencies offer dire warnings on Myanmar

UN agencies offer dire warnings on Myanmar

(ATF) The military coup launched in Myanmar in February will set the Southeast Asian nation's economy back more than 15 years, a United Nations agency warned on Friday.The United Nations Development Programme said that nearly half the country's 54 million people would be below the poverty line by 2022 because …

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Asia rebound stronger than expected, says multilateral lender

Asia rebound stronger than expected, says multilateral lender

(ATF) Asia's economic rebound this year could be stronger than previously thought, the Asian Development Bank said on Wednesday as it forecast China to grow 8.1%, driven by strong domestic demand and exports.The Manila-based lender warned that risks to its forecasts were skewed more to the downside because new outbreaks …

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Western sanctions will have 'little impact' on Myanmar military

Western sanctions will have little impact on Myanmar military

(ATF) Myanmar’s close economic links with China and Japan mean that sanctions announced by Western nations will have little financial impact as the conflict-ravaged country teeters towards a possible civil war, a leading analyst has claimed.The South-east Asian country has been in crisis since the February coup when the military …

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Thais face biggest Covid wave, while Myanmar crisis intensifies

Thais face biggest Covid wave, while Myanmar crisis intensifies

(ATF) Mainland Southeast Asia faces the threat of greater economic grief in coming months – and possibly much longer – driven by the deepening crisis in Myanmar and a resurgence of the coronavirus pandemic in Thailand. A third wave of Covid has spread to at least 40 of Thailand's 77 …

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French energy giant caught in turmoil shadowing Myanmar gas sector

French energy giant caught in turmoil rocking Myanmar gas sector

(ATF) French oil and gas major Total finds itself in the geopolitical crosshairs over its decision to remain in Myanmar while other corporate giants are pulling up stakes. Total chief executive Patrick Pouyanne said his decision to stay the course and continue to produce natural gas and pay taxes to …

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Covid outbreak in southern China, as troops mass on Myanmar border  

Covid outbreak in southern China, troops mass on Myanmar border

(ATF) Migrants from Myanmar are suspected to have caused a new outbreak of Covid-19 in southern China, state media has suggested.China reported its biggest daily jump in new Covid-19 cases in more than two months in Ruili – a city on the border with Myanmar in southwestern Yunnan province. Ruili's …

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More foreign firms suspend or cut ties with Myanmar military

More foreign companies suspend or cut ties with Myanmar military

(ATF) As any PR person will tell you, governments that slaughter their own citizens will struggle when it comes to doing business. Very few companies will tolerate being linked to gross human rights abuses, and that appears to be the case with the Tatmadaw – as the notorious Myanmar military …

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Myanmar 'heading for state collapse' with banks and ports paralysed

Myanmar heading for state collapse, ICG warns

(ATF) Myanmar is on its knees. The military takeover on February 1 has triggered a mass uprising which has brought the economy to a standstill. But the slaying of well over 500 people and terrorizing of the civilian population has intensified public opposition – and led to fears that the …

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